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Best MYR to AUD Exchange Rates Compared Live

The best MYR to AUD exchange rate is 0.3243. Compare foreign transfer and currency exchange rates, find better rates & deals.

MYR-AUD Best Exchange Rate Calculator
 

Comparing MYR-AUD exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Malaysian ringgit (MYR) to Australian dollar (AUD) rates from different sources before making a conversion.

The above Ringgit to Aussie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest MYR-AUD mid-rate (see below) and the possible savings of using another provider.

 
 

MYR to AUD Market Data

Malaysian ringgit (MYR) to Australian dollar (AUD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 MYR =
0.3243We compare provider deals to this wholesale mid-market rate. Read more
AUD
+0.3%
📈2W
MYR to AUD is at 14-day highs near 0.3243, just 0.7% above its 3-month average of 0.3219, having traded in a very stable 2.4% range from 0.3177 to 0.3254
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DateMYR/AUDChangePeriod
14 Mar 2024
0.3243
no change2 Week
29 Dec 2023
0.3193
1.6% â–²3 Month
29 Mar 2023
0.3387
4.3% â–¼1 Year
30 Mar 2019
0.3451
6% â–¼5 Year
31 Mar 2014
0.3304
1.8% â–¼10 Year
02 Apr 2004
0.3454
6.1% â–¼20 Year
MYR/AUD historic rates & change to 28-Mar-2024
 

What are equivalent amounts of MYR and AUD?

Here are some popular conversion amounts for MYR to AUD (Malaysian ringgit to Australian dollar)*.

MYR AUD
RM 1 A$ 0.3243
RM 5 A$ 1.6215
RM 10 A$ 3.2430
RM 20 A$ 6.4860
RM 50 A$ 16.22
RM 100 A$ 32.43
RM 250 A$ 81.08
RM 500 A$ 162.15
RM 1,000 A$ 324.30
RM 2,000 A$ 648.60
RM 5,000 A$ 1,622
RM 10,000 A$ 3,243
RM 20,000 A$ 6,486
RM 50,000 A$ 16,215
RM 100,000 A$ 32,430
MYR AUD
RM 3.0832 A$ 1
RM 15.42 A$ 5
RM 30.83 A$ 10
RM 61.66 A$ 20
RM 154.16 A$ 50
RM 308.32 A$ 100
RM 770.80 A$ 250
RM 1,542 A$ 500
RM 3,083 A$ 1,000
RM 6,166 A$ 2,000
RM 15,416 A$ 5,000
RM 30,832 A$ 10,000
RM 61,664 A$ 20,000
RM 154,160 A$ 50,000
RM 308,320 A$ 100,000

More amounts

*Converted at the current MYRAUD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for MYR to AUD

 

Based on recent forecasts and market updates, the outlook for the Malaysian Ringgit (MYR) against the Australian Dollar (AUD) remains somewhat uncertain. FX Analysts have mixed views on the MYR, with some anticipating further weakening against a strong USD. Hong Leong Bank analysts hold a neutral-to-bearish stance on the MYR, highlighting that sustained USD strength could negatively impact the MYR. Societe Generale foresees the USD/MYR pair trending higher towards potentially 4.95, while Maybank expects the MYR to face continued pressure with intermittent rebounds.

Read our full review of recent MYR to AUD forecasts.

 

How to get a good MYR to AUD exchange rate

There are several ways to save on exchange rates when converting Malaysian ringgit to Australian dollar:

  1. Shop around for the best MYR/AUD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the MYR/AUD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both MYR and AUD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Australian dollar with Malaysian ringgit, then it's better for the MYR/AUD exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Malaysian ringgit rise against the Australian dollar?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add MYR/AUD to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to Australia - a practical currency and money guide to travel, living and doing business in Australia with the Australian dollar.

 
 
 

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What are the limits on Sending Money to and from Australia?

There are no limits on the amount of money that can be sent to or from Australia. However, there may be fees and exchange rates that apply when sending money internationally, and these costs can vary depending on the method of transfer and the country where the money is being sent.

If you are sending a large amount of money to or from Australia, it is a good idea to compare the fees and exchange rates offered by different money transfer providers to find the most cost-effective option.

Read more at our Australia (AUD) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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