Understanding the Table:
The comparison table above helps you see the total cost of your ING Bank 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 transaction type, details and click ‘GET RATES’.
Malaysian ringgit (MYR) to Australian dollar (AUD) market data - latest interbank exchange rate, trend, chart & historic rates.
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 Malaysian ringgit against the Australian dollar is to review how the MYR/AUD rate has changed over time.
The table below shows the percentage change in the MYR to AUD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
| Date | MYR/AUD | Change | Period |
|---|---|---|---|
02 Jun 2025 | 0.3616 | 0.6% ▲ | 2 Week |
18 Mar 2025 | 0.3537 | 2.9% ▲ | 3 Month |
16 Jun 2024 | 0.3204 | 13.6% ▲ | 1 Year |
17 Jun 2020 | 0.3397 | 7.1% ▲ | 5 Year |
19 Jun 2015 | 0.3445 | 5.6% ▲ | 10 Year |
21 Jun 2005 | 0.3384 | 7.5% ▲ | 20 Year |
To help you understand the real-world value of the current exchange rate, the table below shows how much Malaysian ringgit are worth in Australian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different MYR amounts at today’s rate * :
| MYR | AUD |
|---|---|
| RM 1,000 | A$ 360.90 |
| RM 5,000 | A$ 1,805 |
| RM 20,000 | A$ 7,218 |
| RM 100,000 | A$ 36,090 |
| MYR | AUD |
|---|---|
| RM 2,771 | A$ 1,000 |
| RM 13,855 | A$ 5,000 |
| RM 55,420 | A$ 20,000 |
| RM 277,100 | A$ 100,000 |
More amounts
*Converted at the current MYR-AUD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best MYR to AUD exchange rate is our partner deal rate of 0.3591 from OFX . This is -0.5% compared to the mid-market rate 0.3609.
The standard OFX MYR-AUD rate is 0.3565692, -1.2% 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 Malaysian ringgit (MYR) to Australian dollar (AUD) rates from different sources before making a conversion.
The above ING Bank - Ringgit to Aussie comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by ING Bank and other foreign exchange providers against the latest MYR-AUD mid-rate and the possible savings of using various providers.
Looking at the full MYR to AUD - Send Money comparison table the provider with the best MYR to AUD exchange rate is OFX at 0.3591, -0.5% from the latest mid-market rate 0.3609.
The next best is Wise at 0.3584, -0.69% from the mid-rate.
Then WorldRemit at 0.3555, which is -1.5% from the mid-rate.
Among the banks the CIMB Bank rate is 0.3497 at -3.1% the OCBC Bank rate is 0.3483 at -3.5% and the Maybank rate is 0.3483 at -3.5% compared to the mid-rate 0.3609.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like ING Bank 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.
The exchange rate forecast for the Malaysian Ringgit (MYR) to Australian Dollar (AUD) remains cautious amid rising global trade tensions and currency market volatility.
The exchange rate forecast for the Malaysian Ringgit (MYR) against the U.S.
Recent forecasts for the USD to AUD exchange rate indicate a challenging outlook for the U.S.
View a full list of exchange rates by selecting your Base (from) currency: