Malaysian Ringgit (MYR) Exchange Rates Today
Live rates, 30-day trends, and real talk about what banks charge you for Malaysian Ringgit.
Mid-market rate - no bank markup 200+ currencies Free
What is the Malaysian Ringgit?
Malaysia is a significant exporter of electronics, palm oil, and petroleum products. MYR is sensitive to commodity prices and regional trade flows.
Symbol: RM ISO code: MYR Central bank: Bank Negara Malaysia (BNM)
BIS ranking: 23rd most traded (the 23rd most bought and sold currency worldwide) Used in: Malaysia
This page is a hub for all MYR exchange rates on our site. Use the converter above to check the current mid-market rate for Malaysian Ringgit against any supported currency, or scroll down to browse individual pair pages with 30-day charts, historical data, and conversion tables.
How Malaysian Ringgit is commonly exchanged
Malaysia is a significant exporter of electronics, palm oil, and petroleum products. USD/MYR is the main trading pair. MYR is sensitive to commodity prices and regional trade flows. Business travelers and tourists to Kuala Lumpur are common converters.
Most MYR conversions pass through one of the major pairs listed below. For less common combinations, rates are computed as cross-rates through USD or EUR, which may carry a slightly wider spread.
Practical notes for Malaysian Ringgit
Travel and card conversions
If you are spending in Malaysian Ringgit, a card with no foreign transaction fee is typically the best option. Always choose to be charged in MYR (the local currency) at point of sale - selecting your home currency triggers Dynamic Currency Conversion, which adds an unnecessary 3-6% markup to your transaction.
Bank spreads
As a less liquid currency, MYR spreads at banks and exchanges tend to be wider than for major currencies - sometimes 4-6% at banks and up to 15% at airport counters. Online transfer services usually offer much tighter spreads for MYR.
The Bank Negara Malaysia (BNM) and the Malaysian Ringgit
The Bank Negara Malaysia (BNM) targets long-term price stability and meets six times per year.
Policy tool: The Overnight Policy Rate (OPR).
Key data releases: Malaysian CPI, GDP, trade data, and palm oil prices.
Did you know?
- Malaysia's ringgit literally means 'jagged' in Malay, referring to the serrated edges of Spanish colonial silver dollars that once circulated widely in Southeast Asia.
Frequently asked questions
What is the MYR exchange rate today?
The live mid-market rate is shown in the converter above. It updates every 60 seconds during market hours (Sunday 5pm ET through Friday 5pm ET). Scroll down to see MYR rates against all supported currencies.
What is the mid-market rate for Malaysian Ringgit?
The mid-market rate is the midpoint between wholesale buy and sell prices - the fairest benchmark before any provider adds markup. It is the rate shown on this page. Your bank or service will offer a different rate that includes their margin.
How is MYR performing this month?
Use the converter above and click through to any pair page to see the 30-day range bar, which shows where today's rate sits relative to the recent trend. The rate statistics panel shows 30-day low, high, average, and volatility.
Where can I find historical MYR rates?
Click on any pair page below and scroll to the history chart. You can view 7-day, 30-day, or 1-year history with daily rates. Use the date picker to look up a specific historical date.
What affects the value of Malaysian Ringgit?
Central bank interest rate decisions from the Bank Negara Malaysia (BNM) are typically the largest driver. Inflation data, economic growth figures, trade balances, and political stability also matter. On a day-to-day basis, scheduled economic data releases and central bank communication can cause noticeable moves.
Why do different sites show different MYR rates?
Different providers use different data sources, update at different times, and may show rates that already include their markup. The mid-market rate (shown here) is the most neutral benchmark. If a site shows a rate that is noticeably worse, that difference is likely their margin built into the number.
How is the MYR exchange rate set?
Most exchange rates are determined by supply and demand in the global forex market, where banks, funds, and corporations trade currencies 24 hours a day on weekdays. Interest rate differentials between central banks are the biggest long-term driver. No single entity "sets" the rate - it emerges from millions of transactions.
Learn more
- BNM - Exchange Rates - Bank Negara Malaysia daily rates
- Department of Statistics Malaysia (DOSM) - Malaysian economic data including trade and CPI
MYR rate statistics
Malaysian Ringgit rate context
We compare the current Malaysian Ringgit exchange rate against its recent trading range to help you decide whether now is a good time to convert. The live analysis updates throughout market hours.
Rate analysis updates when live data is available.
Forex Market Hours
The forex market is open 24 hours a day, five days a week. Trading passes between these major financial centers as the world turns.
| Market | Timezone | Local Time | Status |
|---|---|---|---|
| 🇦🇺 Sydney | AEST | — | — |
| 🇯🇵 Tokyo | JST | — | — |
| 🇬🇧 London | GMT/BST | — | — |
| 🇺🇸 New York | ET | — | — |
All MYR Currency Pairs
Live exchange rate pages for Malaysian Ringgit against every supported currency.