The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your details and click ‘Get Rates’.
Save Money - Compare Exchange Rate Margins & Fees
Sending money to Malaysia can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Malaysia bank accounts or pay a Malaysian ringgit invoice.
EUR to MYR Market Data
Euro (EUR) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the EUR to MYR Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Euro against the Malaysian ringgit is to review how the EUR/MYR rate has changed over time.
The table below shows the percentage change in the EUR to MYR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
#EURMYR remains stable at 4.8508 despite EU PMI data showing resilience. Analysts watch ECB decisions & US tariffs on MY imports (~24%) impacting rates. Oil price drop (3.1%) adds pressure as pair trades w/in stable 5.7% range over 3mo
To help you understand the real-world value of the current exchange rate, the table below shows how much Euro are worth in Malaysian ringgit across a range of amounts.
This gives a quick view of what you’d get when converting different EUR amounts at today’s rate * :
The standard OFX EUR-MYR rate is 4.6827, -3.3% from the mid-rate. Visit OFX here to secure the better rate.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Euro (EUR) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
The above
Euro to Ringgit comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest EUR-MYR mid-rate and the possible savings of using various providers.
How do EUR-MYR rates compare between providers?
Looking at the
full comparison table
the best EUR to MYR exchange rate is 4.8181 from OFX, -0.5% from the mid-market rate 4.8423. The next best rate is 4.8132 from XE, -0.6% from the mid-rate. Then Wise with 4.8084 is -0.7% from the mid-rate.
The Western Union rate is 4.7697 which is -1.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency: