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Malaysian ringgit Markets

MYR Currency Update - Our review of Malaysian ringgit forecasts and news plus charts and historic rates. Check MYR Trends over various time periods.

 

The Malaysian Ringgit (MYR) is currently navigating a turbulent landscape following the recent announcement of a 24% tariff on Malaysian imports by U.S. President Donald Trump. This act is part of a broader trade conflict that has raised concerns about international trade dynamics and regional currency stability. Notably, Malaysia has chosen not to retaliate, opting instead for diplomatic engagement. Malaysian Prime Minister Anwar Ibrahim indicated a commitment to coordinating a regional response to these tariffs, despite refuting claims of high tariffs imposed on U.S. goods.

In recent trading, the MYR has shown vulnerabilities, with the exchange rate against the U.S. dollar reaching 0.2358, marking a 7-day low and standing 1.0% above its 3-month average of 0.2334. This range reflects a modest volatility from 0.2227 to 0.2382. Similarly, against the Euro, the MYR at 0.2011 is 1.6% below its 3-month average. The currency pair has maintained relative stability, trading within a range from 0.1988 to 0.2102.

The situation is slightly more favorable for the MYR against the British pound, with the currency touching a 14-day high at 0.1736, aligned closely with its 3-month average and demonstrating a stable range between 0.1705 and 0.1788. In contrast, the MYR has seen strength against the Japanese yen, reaching 90-day highs at 34.63, which is 2.8% above its 3-month average, supporting a trading range from 32.17 to 34.63.

Economic analysts assert that the overall outlook for emerging Asian currencies is deteriorating, particularly as fears of an escalating global trade war intensify. This sentiment is echoed by a decline in regional currencies such as the Thai baht and South Korean won, which have fallen around 2% over the past week, reflecting a diminished risk appetite among investors.

The recent surge in oil prices, with crude moving to $70.15—4.8% above its 3-month average—can also influence the MYR, which benefits from higher oil prices given Malaysia's status as a net oil exporter. However, the volatility in oil prices, which have fluctuated dramatically in recent months from $60.14 to $78.85, adds another layer of uncertainty for the MYR's trajectory in the near future. Therefore, stakeholders should closely monitor both international trade developments and oil market trends as they navigate their financial strategies involving the MYR.

 

US dollar to Malaysian ringgit - USD/MYR Trend

 
USD to MYR is at 7-day highs near 4.2410, 1.1% below its 3-month average of 4.2861, having traded in a relatively stable 7.0% range from 4.1975 to 4.4910
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MYR
 
+0.2%
 
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Top MYR Rates


Malaysian ringgit to US dollar
MYRUSD 90 day chart

MYR to USD is at 7-day lows near 0.2358, 1.0% above its 3-month average of 0.2334, having traded in a relatively stable 7.0% range from 0.2227 to 0.2382
MYR to USD
0.2353
-0.2%

Malaysian ringgit to Singapore dollar
MYRSGD 90 day chart

MYR to SGD at 0.3019 is near its 3-month average, having traded in a very stable 3.3% range from 0.2971 to 0.3068
MYR to SGD
0.3013
-0.1%

Malaysian ringgit to New Taiwan dollar
MYRTWD 90 day chart

MYR to TWD at 6.8671 is 3.3% below its 3-month average of 7.0987, having traded in a fairly volatile 9.1% range from 6.8510 to 7.4743
MYR to TWD
6.8618
-0.1%
90d-lows

Malaysian ringgit to Australian dollar
MYRAUD 90 day chart

MYR to AUD at 0.3615 is near its 3-month average, having traded in a very stable 3.7% range from 0.3551 to 0.3683
MYR to AUD
0.3602
-0.6%

Malaysian ringgit to Hong Kong dollar
MYRHKD 90 day chart

MYR to HKD is at 7-day lows near 1.8509, 1.5% above its 3-month average of 1.8232, having traded in a fairly volatile 8.2% range from 1.7282 to 1.8701
MYR to HKD
1.8468
-0.2%

Malaysian ringgit to Indian rupee
MYRINR 90 day chart

MYR to INR is at 14-day lows near 20.21, 1.2% above its 3-month average of 19.97, having traded in a relatively stable 6.3% range from 19.19 to 20.39
MYR to INR
20.16
-0.3%
14d-lows

Malaysian ringgit to Chinese yuan
MYRCNY 90 day chart

MYR to CNY is at 7-day lows near 1.6916, just above its 3-month average, having traded in a quite stable 6.0% range from 1.6366 to 1.7349
MYR to CNY
1.6893
-0.2%

Malaysian ringgit to Philippine peso
MYRPHP 90 day chart

MYR to PHP is at 14-day lows near 13.32, 1.6% above its 3-month average of 13.11, having traded in a quite stable 5.7% range from 12.73 to 13.45
MYR to PHP
13.30
-0.4%
14d-lows

A-Z


Malaysian ringgit to Australian dollar
MYRAUD 90 day chart

MYR to AUD at 0.3615 is near its 3-month average, having traded in a very stable 3.7% range from 0.3551 to 0.3683
MYR to AUD
0.3602
-0.6%

Malaysian ringgit to Chinese yuan
MYRCNY 90 day chart

MYR to CNY is at 7-day lows near 1.6916, just above its 3-month average, having traded in a quite stable 6.0% range from 1.6366 to 1.7349
MYR to CNY
1.6893
-0.2%

Malaysian ringgit to Euro
MYREUR 90 day chart

MYR to EUR at 0.2011 is 1.6% below its 3-month average of 0.2043, having traded in a quite stable 5.7% range from 0.1988 to 0.2102
MYR to EUR
0.2009
-0.3%

Malaysian ringgit to British pound
MYRGBP 90 day chart

MYR to GBP is at 14-day highs near 0.1736, near its 3-month average, having traded in a quite stable 4.9% range from 0.1705 to 0.1788
MYR to GBP
0.1731
14d-highs

Malaysian ringgit to Hong Kong dollar
MYRHKD 90 day chart

MYR to HKD is at 7-day lows near 1.8509, 1.5% above its 3-month average of 1.8232, having traded in a fairly volatile 8.2% range from 1.7282 to 1.8701
MYR to HKD
1.8468
-0.2%

Malaysian ringgit to Indian rupee
MYRINR 90 day chart

MYR to INR is at 14-day lows near 20.21, 1.2% above its 3-month average of 19.97, having traded in a relatively stable 6.3% range from 19.19 to 20.39
MYR to INR
20.16
-0.3%
14d-lows

Malaysian ringgit to Japanese yen
MYRJPY 90 day chart

MYR to JPY is at 90-day highs near 34.63, 2.8% above its 3-month average of 33.69, having traded in a relatively stable 7.6% range from 32.17 to 34.63
MYR to JPY
34.49
+0.4%
90d-highs

Malaysian ringgit to Singapore dollar
MYRSGD 90 day chart

MYR to SGD at 0.3019 is near its 3-month average, having traded in a very stable 3.3% range from 0.2971 to 0.3068
MYR to SGD
0.3013
-0.1%

Malaysian ringgit to Thai baht
MYRTHB 90 day chart

MYR to THB at 7.6892 is near its 3-month average, having traded in a quite stable 4.4% range from 7.4980 to 7.8265
MYR to THB
7.6884
-0.2%

Malaysian ringgit to New Taiwan dollar
MYRTWD 90 day chart

MYR to TWD at 6.8671 is 3.3% below its 3-month average of 7.0987, having traded in a fairly volatile 9.1% range from 6.8510 to 7.4743
MYR to TWD
6.8618
-0.1%
90d-lows

Malaysian ringgit to US dollar
MYRUSD 90 day chart

MYR to USD is at 7-day lows near 0.2358, 1.0% above its 3-month average of 0.2334, having traded in a relatively stable 7.0% range from 0.2227 to 0.2382
MYR to USD
0.2353
-0.2%

Malaysian ringgit to Vietnamese dong
MYRVND 90 day chart

MYR to VND is at 14-day lows near 6161, 1.5% above its 3-month average of 6071, having traded in a relatively stable 7.9% range from 5767 to 6225
MYR to VND
6,149.1
-0.2%
14d-lows