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MYR to EUR Market Data
Malaysian ringgit (MYR) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the MYR to EUR 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 Malaysian ringgit against the Euro is to review how the MYR/EUR rate has changed over time.
The table below shows the percentage change in the MYR to EUR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The recent analysis of the MYR to EUR exchange rate highlights a period of relative strength for the Malaysian Ringgit (MYR) alongside a cautious euro (EUR) environment.
The Malaysian Ringgit (MYR) has seen notable appreciation against the US dollar (USD), recently reaching 90-day highs near 0.2470, which is 2.7% above its...
Current market bias: Bearish
Key drivers:
- The ECB maintains a neutral interest rate stance, while Malaysia sees an improving economic outlook.
- The Malaysian ringgit benefits from strong GDP growth and fiscal reforms, supporting its currency.
- A narrowing fiscal deficit in Malaysia is attracting foreign investment.
Near-term range: Expect stable trading but below recent averages.
What could change it: An upside risk could arise if the ECB hints at future rate hikes, strengthening the euro. Conversely, a downturn in global risk sentiment or geopolitical issues may further weaken the euro.
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EUR to MYR update: The market outlook is bearish as the ECB holds rates steady, concerned a stronger euro may hinder inflation efforts. Meanwhile, the MYR gains strength from strong GDP growth and fiscal reforms. Monitoring ongoing geopolitical risk will be key
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MYR to EUR Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Malaysian ringgit are worth in Euro across a range of amounts.
This gives a quick view of what you’d get when converting different MYR amounts at today’s rate * :
What is the
best Send Money conversion rate for MYR to EUR?
The best MYR to EUR exchange rate is 0.2092 from OFX . This is -0.52% compared to the mid-market rate 0.2103.
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 Euro (EUR) rates from different sources before making a conversion.
The above
Ringgit to Euro 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 MYR-EUR mid-rate and the possible savings of using various providers.
How do MYR-EUR rates compare between providers?
Looking at the full
MYR to EUR - Send Money comparison table the provider with the best MYR to EUR exchange rate is OFX at 0.2092, -0.52% from the latest mid-market rate 0.2103.
The next best is Wise at 0.2087, -0.76% 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.