Currency Converter - MYR Exchange Rate Today
Convert Malaysian Ringgit to and from US Dollar, Singapore Dollar, Chinese Yuan, Korean Won and more — mid-market rates, updated daily on business days.
Sourced from European Central Bank reference rates via Frankfurter · mid-market, indicative — verify before you transact · How we verify rates →
Mid-market rate, for reference only. Banks, e-wallets and remittance services add their own margin — the amount you actually receive when exchanging or transferring will be lower.
Exchange rate history
MYR exchange rates today
| Currency | = RM | RM1 = |
|---|---|---|
| 🇺🇸1 USD | RM4.09 | 0.24 USD |
| 🇸🇬1 SGD | RM3.19 | 0.31 SGD |
| 🇨🇳1 CNY | RM0.61 | 1.64 CNY |
| 🇰🇷1,000 KRW | RM3.04 | 328.84 KRW |
| 🇬🇧1 GBP | RM5.41 | 0.19 GBP |
| 🇪🇺1 EUR | RM4.58 | 0.22 EUR |
| 🇯🇵100 JPY | RM2.58 | 38.72 JPY |
| 🇮🇩10,000 IDR | RM2.28 | 4,382.96 IDR |
| 🇹🇭1 THB | RM0.12 | 8.24 THB |
| 🇦🇺1 AUD | RM2.84 | 0.35 AUD |
| 🇭🇰1 HKD | RM0.52 | 1.92 HKD |
| 🇵🇭100 PHP | RM6.52 | 15.33 PHP |
| 🇮🇳100 INR | RM4.24 | 23.56 INR |
Mid-market reference rates (ECB), published once per business day — not weekends or ECB holidays. Actual bank, money-changer and remittance rates include a margin on top of this.
Money changer rates today
What you actually pay and receive at a licensed money services provider, against the mid-market reference above.
| Currency | You buy at | You sell back at |
|---|---|---|
| 1 USD | RM4.0930 +0.1% vs mid | RM3.8930 -4.7% vs mid |
| 1 SGD | RM3.2070 +0.5% vs mid | RM3.0070 -5.8% vs mid |
| 1 GBP | RM5.4290 +0.4% vs mid | RM5.2290 -3.3% vs mid |
| 1 AUD | RM2.8570 +0.4% vs mid | RM2.6570 -6.6% vs mid |
| 1M IDR | RM229.43 +0.6% vs mid | RM209.43 -8.2% vs mid |
| 1 EUR | RM4.6210 +0.9% vs mid | RM4.4210 -3.5% vs mid |
| 100 JPY | RM2.6180 +1.4% vs mid | RM2.4180 -6.4% vs mid |
| 100 THB | RM12.28 +1.3% vs mid | RM11.98 -1.2% vs mid |
| 100 SAR | RM109.53 | RM89.53 |
| 100 CNY | RM61.29 +0.5% vs mid | RM59.29 -2.7% vs mid |
| 100 TWD | RM12.91 | RM12.61 |
| 100 HKD | RM52.38 +0.6% vs mid | RM50.38 -3.3% vs mid |
| 1000 KRW | RM3.0590 +0.6% vs mid | RM2.8590 -6.0% vs mid |
| 100 INR | RM4.2660 +0.5% vs mid | RM4.0660 -4.2% vs mid |
| 100 PHP | RM6.5750 +0.8% vs mid | RM6.3750 -2.2% vs mid |
| 1 CAD | RM2.8930 | RM2.6930 |
| 1 NZD | RM2.3150 | RM2.1150 |
| 100 AED | RM111.87 | RM91.87 |
| 1 CHF | RM4.9950 | RM4.7950 |
| 1M VND | RM157.92 | RM137.92 |
Source: Merchantrade Asia, a licensed Malaysian money services business, refreshed every 30 minutes from their published rates. These are their online rates, which can differ from the walk-in counter rate at an individual branch. Notice the two sides are not priced the same: buying currency sits close to the mid-market reference, while selling leftover notes back is where most of the margin is taken. Confirm the live rate with the provider before you transact.
Understanding the Ringgit exchange rate
What is a mid-market rate?
The mid-market rate is the midpoint between the buy and sell price on the global currency market — the rate you see quoted in the news or on Google. Banks, money changers and remittance apps all add their own margin on top of it, so the rate you're actually offered will always be a little worse than the mid-market figure shown here.
Getting the best rate when exchanging
Compare a few money changers or your bank's forex counter before exchanging cash — rates can differ meaningfully. For sending money abroad, dedicated remittance apps (e.g. Wise, InstaRem) usually beat traditional bank telegraphic transfers on both the exchange rate and the fee.
Why does the Ringgit move?
MYR moves with Bank Negara's policy rate (OPR), crude oil prices (Malaysia is a net oil exporter), broader emerging-market sentiment, and the US Federal Reserve's own rate decisions. A weaker Ringgit makes imports and overseas spending pricier but helps exporters.
Locking in a rate
If you hold foreign-currency savings and want to convert to Ringgit at a good moment, compare it against parking spare cash in a fixed deposit or high-yield savings account while you wait for a favourable rate.
Currency Exchange FAQ
1 USD is currently worth about RM4.09 — see the live rate and converter above for the exact figure and to convert any amount. This is the mid-market rate; banks, money changers and remittance apps add their own margin, so what you actually receive when exchanging or transferring will be a little less.
1 SGD is currently worth about RM3.19 — see the live rate and converter above for the exact figure and to convert any amount. This is the mid-market rate; banks, money changers and remittance apps add their own margin, so what you actually receive when exchanging or transferring will be a little less.
1 CNY is currently worth about RM0.61 — see the live rate and converter above for the exact figure and to convert any amount. This is the mid-market rate; banks, money changers and remittance apps add their own margin, so what you actually receive when exchanging or transferring will be a little less.
1,000 KRW is currently worth about RM3.04 — see the live rate and converter above for the exact figure and to convert any amount. This is the mid-market rate; banks, money changers and remittance apps add their own margin, so what you actually receive when exchanging or transferring will be a little less.
1 GBP is currently worth about RM5.41 — see the live rate and converter above for the exact figure and to convert any amount. This is the mid-market rate; banks, money changers and remittance apps add their own margin, so what you actually receive when exchanging or transferring will be a little less.
1 EUR is currently worth about RM4.58 — see the live rate and converter above for the exact figure and to convert any amount. This is the mid-market rate; banks, money changers and remittance apps add their own margin, so what you actually receive when exchanging or transferring will be a little less.
10,000 IDR is currently worth about RM2.28 — see the live rate and converter above for the exact figure and to convert any amount. This is the mid-market rate; banks, money changers and remittance apps add their own margin, so what you actually receive when exchanging or transferring will be a little less.
1 THB is currently worth about RM0.12 — see the live rate and converter above for the exact figure and to convert any amount. This is the mid-market rate; banks, money changers and remittance apps add their own margin, so what you actually receive when exchanging or transferring will be a little less.
Latest analysis
Recent Rates.my reporting on this topic.