What is the current MYR to USD exchange rate?

The current mid-market exchange rate is 1 MYR = 0.2440 USD. This rate is updated in real-time. Banks typically add a 2-3% markup, while specialist providers offer rates closer to the mid-market rate.

How can I get the best MYR to USD rate?

To get the best rate, compare FCA-regulated money transfer specialists instead of using your bank. Specialist providers typically charge 0.3-1% vs banks' 2-3% markup. For larger amounts (£1,000+), the savings can be significant.

Is it a good time to convert MYR to USD?

Exchange rates fluctuate constantly based on economic factors. Use our historical chart to see how the MYR/USD rate has moved over time. For large transfers, consider setting up rate alerts or using a forward contract to lock in today's rate.

Convert MYR to USD — live rate

Convert Malaysian Ringgits to United States Dollars and compare the real cost of sending money.

You send

MYR

They receive

USD

1 MYR = 0.2440 USD • Mid-market rate

Updated just now

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Historical MYR/USD exchange rate

Rates shown are indicative mid-market rates, updated regularly.

Quick reference: MYR to USD

1 MYR → 0.24 USD

5 MYR → 1.22 USD

10 MYR → 2.44 USD

50 MYR → 12.20 USD

100 MYR → 24.40 USD

500 MYR → 121.98 USD

1,000 MYR → 243.97 USD

5,000 MYR → 1,219.84 USD

Currency snapshots

MYR — Malaysian Ringgit

ISO Code MYR

Symbol RM

Central Bank Bank Negara Malaysia

Common Notes RM1, RM5, RM10, RM50, RM100

Learn more about MYR

USD — United States Dollar

ISO Code USD

Symbol $

Central Bank Federal Reserve Bank

Common Notes $1, $5, $10, $20, $50, $100

Learn more about USD

What affects this rate? Interest rate differentials, inflation expectations, and market risk sentiment are the primary drivers.

Convert MYR to USD — live rate

Historical MYR/USD exchange rate

Quick reference: MYR to USD

Real cost of MYR → USD

Estimated savings

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Currency snapshots