The comparison table above helps you see the total cost of your XE currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
EUR to MYR Market Data
Euro (EUR) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: bearish-to-range-bound, as USD/MYR sits below its 90-day average and in the lower half of the three-month range, with room to drift on US data and oil moves.
Bias
EUR/MYR bearish-to-range-bound, below the 90-day avg and at the lower end of the 3-month band. Narrowing ECB (European Central Bank)-MYR gap, firmer oil, and US rate-cut expectations keep euro gains capped while MYR remains supported.
Key drivers
- Rate gap: The ECB policy remains neutral to mildly restrictive while Malaysia keeps a growth-friendly stance; narrowing gap tends to weigh on EUR versus MYR as eurozone inflation cools.
- Oil and risk appetite: Oil is firmer and more volatile, supporting MYR via export earnings and broader risk flows, while euro energy exposure keeps a lid on EUR strength.
- Macro factor: US rate cuts easing the dollar tend to attract capital into EMs like the MYR and temper euro gains.
Range
The pair has traded in a defined three-month band and is likely to drift toward the lower end, with headlines or data surprises able to push it toward the boundary.
What could change it
- Upside risk: A hawkish ECB tilt or stronger eurozone data could lift EUR and push EUR/MYR higher.
- Downside risk: Softer eurozone data or dovish ECB guidance could push EUR lower, allowing the MYR to strengthen modestly
@bestfxrates
EUR to MYR Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Euro are worth in Malaysian ringgit across a range of amounts.
This gives a quick view of what you’d get when converting different EUR amounts at today’s rate * :
What is the
XE Send Money conversion rate for EUR to MYR?
The XE EUR to MYR exchange rate is 4.6775. This is -0.6% compared to the latest EUR-MYR mid-market rate 4.7058.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Euro (EUR) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
The above
XE - Euro to Ringgit comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
XE and other foreign exchange providers against the latest EUR-MYR mid-rate and the possible savings of using various providers.
How do XE EUR-MYR rates compare between providers?
Looking at the full
EUR to MYR - Send Money comparison table the provider with the best EUR to MYR exchange rate is OFX at 4.6917, -0.3% from the latest mid-market rate 4.7058.
The next best is XE at 4.6775, -0.6% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
like XE or platforms that offer rates closer to the mid-market rate.