Popular conversions
MYR to other currencies
| Currency | 1 MYR buys |
|---|---|
| MYR to USD US Dollar | 0.24528 USD |
| MYR to EUR Euro | 0.22032 EUR |
| MYR to GBP British Pound | 0.18459 GBP |
| MYR to JPY Japanese Yen | 38.7442 JPY |
| MYR to CAD Canadian Dollar | 0.34454 CAD |
| MYR to AUD Australian Dollar | 0.34876 AUD |
| MYR to CHF Swiss Franc | 0.20373 CHF |
| MYR to CNY Chinese Yuan | 1.6351 CNY |
| MYR to INR Indian Rupee | 23.3554 INR |
| MYR to MXN Mexican Peso | 4.5698 MXN |
About the two currencies
| MYR | USD | |
|---|---|---|
| Name | Malaysian Ringgit | US Dollar |
| Used in | Malaysia | United States |
| Symbol | RM | $ |
| Central bank | Bank Negara Malaysia | Federal Reserve |
Where the rates come from
For the 30 currencies it covers, we use the euro foreign exchange reference rates published by the European Central Bank each working day at around 16:00 CET, converted to other bases. For other currencies we use daily market rates from ExchangeRate-API. These are mid-market rates: the midpoint between buying and selling prices. The rate you actually get from a bank, card or exchange office includes a margin; enter it in "Your bank's margin" to see the difference.
Getting a better rate
Airport kiosks and hotel desks often charge 5% to 10% over the mid rate. High-street banks typically add 2% to 4% plus fees on international transfers. Cards without foreign transaction fees and specialist transfer services usually come within 0.5% to 1%. When a card terminal abroad offers to charge you in your home currency, decline: that dynamic currency conversion almost always uses a worse rate.