Convert MYR to NGN — live rate

Convert Malaysian Ringgits to Nigerian Nairas and compare the real cost of sending money.

MYR
NGN
1 MYR = 331.4280 NGN • Mid-market rate
Updated just now
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Historical MYR/NGN exchange rate

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

Quick reference: MYR to NGN

1 MYR → 331.43 NGN
5 MYR → 1,657.14 NGN
10 MYR → 3,314.28 NGN
50 MYR → 16,571.40 NGN
100 MYR → 33,142.80 NGN
500 MYR → 165,714.00 NGN
1,000 MYR → 331,428.00 NGN
5,000 MYR → 1,657,140.00 NGN

Real cost of MYR → NGN

Banks (typical) ~2% markup
Specialists 0.3–1% markup

The rate above is the mid-market rate. Banks and providers add their margin on top.

How we calculate costs

Estimated savings

On 1,000 MYR
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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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
NGN — Nigerian Naira
ISO Code NGN
Symbol ₦
Central Bank Central Bank of Nigeria
Common Notes ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, ₦1000
Learn more about NGN

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