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MYR to USD Exchange Rates & Currency Deals

MYR-USD Rate Calculator

 
 
   

Understanding the Table:

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 transaction type, details and click ‘GET RATES’.

 
 
   

MYR to USD Market Data

Malaysian ringgit (MYR) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell MYR   →   Buy USD
1 MYR = 0.2471 USD
1d−0.3%▼
90dHighs◓
MYR to USD at 0.2463 is 2.3% above its 3-month average of 0.2407, having traded in a quite stable 4.5% range from 0.2364 to 0.2470
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Tracker
  1 USD = 4.0475 MYR

Is the MYR to USD 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 US dollar is to review how the MYR/USD rate has changed over time.

The table below shows the percentage change in the MYR to USD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:

DateMYR/USDChangePeriod
16 Dec 2025
0.2448
0.8% ▲2 Week
01 Oct 2025
0.2377
3.8% ▲3 Month
30 Dec 2024
0.2240
10.1% ▲1 Year
31 Dec 2020
0.2469
0.1% ▼5 Year
02 Jan 2016
0.2326
6.1% ▲10 Year
04 Jan 2006
0.2650
6.9% ▼20 Year
MYR/USD historic rates & change to 30-Dec-2025

Currency Forecasts related to MYR/USD

MYR to USD 2026 Forecasts

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...

Read forecast

MYR to EUR 2026 Forecasts

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.

Read forecast

MYR to JPY 2026 Forecasts

The exchange rate forecasts for the MYR to JPY reflect contrasting trends for the two currencies, with the MYR demonstrating considerable strength and the...

Read forecast

The current market bias for the USD to MYR exchange rate is bearish. Key drivers influencing this trend include anticipated interest rate cuts by the Federal Reserve, which could weaken the USD’s yield appeal. Malaysia shows a strong economic outlook with robust GDP growth and fiscal reforms, supporting the MYR's appreciation. Efforts by ASEAN to reduce reliance on the USD may further bolster the MYR as local currencies gain traction in cross-border transactions. In the near term, the USD to MYR exchange rate is expected to trade within a narrower range due to a recent decline of 2.3% from its three-month average. An upside risk could arise from unexpectedly strong U.S. economic indicators, especially if consumer sentiment improves significantly. Conversely, a downside risk may stem from ongoing global moves toward de-dollarization, which could hasten the USD's decline. --- Bearish trends for USD to MYR: Fed rate cuts expected to weaken USD while Malaysia's strong GDP supports MYR. Cross-border reliance on local currencies may grow. Expect tighter trading range ahead. Upside risk from strong U.S. data, downside from de-dollarization

 

MYR to USD 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 US 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 USD
RM 1 $ 0.2471
RM 5 $ 1.2355
RM 10 $ 2.4710
RM 20 $ 4.9420
RM 50 $ 12.36
RM 100 $ 24.71
RM 250 $ 61.78
RM 500 $ 123.55
RM 1,000 $ 247.10
RM 2,000 $ 494.20
RM 5,000 $ 1,236
RM 10,000 $ 2,471
RM 20,000 $ 4,942
RM 50,000 $ 12,355
RM 100,000 $ 24,710
MYR USD
RM 4.0475 $ 1
RM 20.24 $ 5
RM 40.48 $ 10
RM 80.95 $ 20
RM 202.38 $ 50
RM 404.75 $ 100
RM 1,012 $ 250
RM 2,024 $ 500
RM 4,048 $ 1,000
RM 8,095 $ 2,000
RM 20,238 $ 5,000
RM 40,475 $ 10,000
RM 80,950 $ 20,000
RM 202,375 $ 50,000
RM 404,750 $ 100,000

More amounts

*Converted at the current MYR-USD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

What is the best Send Money conversion rate for MYR to USD?

The best MYR to USD exchange rate is 0.2458 from OFX . This is -0.53% compared to the mid-market rate 0.2471.

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 US dollar (USD) rates from different sources before making a conversion.

The above Ringgit to Dollar 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-USD mid-rate and the possible savings of using various providers. 

How do MYR-USD rates compare between providers?

Looking at the full MYR to USD - Send Money comparison table the provider with the best MYR to USD exchange rate is OFX at 0.2458, -0.53% from the latest mid-market rate 0.2471.

The next best is Wise at 0.2452, -0.77% from the mid-rate.

Among the banks the CIMB Bank rate is 0.2394 at -3.1% the OCBC Bank rate is 0.2384 at -3.5% and the Maybank rate is 0.2384 at -3.5% compared to the mid-rate 0.2471.

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.

 

Compare MYR to USD Transfer Rates

   

View a full list of exchange rates by selecting your Base (from) currency: