🇲🇾 MYR to 🇺🇸 USD — Convert Malaysian Ringgit to US Dollar
1 Malaysian Ringgit = 0.2444 US Dollar
MYR/USD Exchange Rate History
🇲🇾 MYR to 🇺🇸 USD Conversion Table
| Malaysian Ringgit (MYR) | US Dollar (USD) |
|---|---|
| RM1 | $0.2444 |
| RM5 | $1.2219 |
| RM10 | $2.4437 |
| RM25 | $6.1093 |
| RM50 | $12.2187 |
| RM100 | $24.4373 |
| RM500 | $122.1867 |
| RM1,000 | $244.3733 |
| RM5,000 | $1,221.87 |
| RM10,000 | $2,443.73 |
MYR/USD 30-Day Market Statistics
Over the past 30 days, the Malaysian Ringgit to US Dollar exchange rate has risen by 1.0343%, moving from 0.2417 to 0.2442. It traded between a low of 0.2410 on Jun 22 and a high of 0.2458 on Jul 15, averaging 0.2444. With a high-to-low spread of 1.9638%, the pair has been relatively stable this month.
Frequently Asked Questions
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🇲🇾 About the Malaysian Ringgit (MYR)
The Malaysian Ringgit is the currency of Malaysia, a trade-oriented economy that exports electronics, palm oil, and petroleum products. The ringgit is influenced by both commodity and technology cycles.
Issuing authority: Bank Negara Malaysia.
🇺🇸 About the US Dollar (USD)
The US Dollar is the world's primary reserve currency and the most traded currency on the planet, on one side of roughly 88% of all foreign exchange transactions. It serves as the global benchmark for commodities such as oil and gold, which are priced in dollars.
Issuing authority: Federal Reserve System (the Fed).
What Moves the MYR/USD Exchange Rate?
The MYR to USD rate reflects the relative strength of two different economies, so it responds to developments on both sides of the pair.
Malaysian Ringgit (MYR): Oil and palm oil prices, electronics export demand, Bank Negara policy, and regional capital flows.
US Dollar (USD): Federal Reserve interest rate decisions, US inflation (CPI) data, non-farm payroll employment reports, and the dollar's status as a safe-haven asset during global uncertainty.
When demand for the Malaysian Ringgit rises relative to the US Dollar, the MYR/USD rate increases, meaning each MYR buys more USD. The opposite happens when the US Dollar strengthens.
How to Convert MYR to USD
- Enter the amount of MYR you want to convert in the converter above.
- The equivalent in USD is calculated automatically using the latest rate.
- Use the swap button to reverse the conversion (USD to MYR).
- Check the chart and 30-day statistics above before large conversions.
The rate shown here is the mid-market rate — the midpoint between buy and sell prices on global markets. It is the fairest benchmark for comparing what banks and transfer services actually charge.
Best Ways to Exchange MYR to USD
Getting a rate close to the mid-market rate above can save you money, especially on larger Malaysian Ringgit to US Dollar amounts. Here are common options ranked by typical value:
| Method | Typical Fee | Speed | Best For |
|---|---|---|---|
| Wise | 0.3-0.6% | 1-2 days | International transfers |
| Revolut | 0-1% | Instant | Travel spending |
| Bank Transfer | 3-5% | 2-5 days | Large amounts |
| Airport Exchange | 7-12% | Instant | Last resort |
Tip: Always compare the rate you're offered against the mid-market rate shown above — the difference is the hidden markup. Banks often embed a 3-5% markup even in "commission-free" offers.
Maintained by the ExchangeConvert editorial team. Rates are indicative mid-market rates for informational purposes only and do not constitute financial advice. See our methodology and Terms of Service.