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Best AUD to MYR exchange rates today
You'll get the best rate for your exchange with an online forex expert.
If you’re a forex investor or simply looking to trade Australian dollars for Malaysian ringgits, get the most for your money with a strong exchange rate.
Today’s mid-market rate
Refreshing in: 60s | Mon, Oct 14, 12:45PM GMT
Buy Malaysian ringgit with Australian dollar
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How does the Australian dollar trade against the Malaysian ringgit historically?
The Malaysian ringgit and the Australian dollar were introduced roughly around the same time in the late 1960s. Both currencies replaced its British currency, with 0.8 AUD worth 1 GBP and 8.57 MYR worth 1 British pound.
In 1997, a financial crisis erupted in Asia. The Aussie dollar strengthened and went from 2.079857 per ringgit in 1997 to 3.05344 per ringgit in 2005. With government corruption and the election of Prime Minister Najib Razak in 2009, the ringgit has remained consistently weak against the Australian dollar — between 2.8 to 3.3 ringgits per Aussie dollar.
AUD to MYR exchange rate history
We’ve put together the average exchange rate for the Australian dollar against the Malaysian ringgit over the past week.
|Oct 07||Oct 08||Oct 09||Oct 10||Oct 11||Oct 12||Oct 13|
|1 AUD =||2.8227 Inverse: 0.3543||2.8221 Inverse: 0.3543||2.8202 Inverse: 0.3546||2.8327 Inverse: 0.3530||2.8434 Inverse: 0.3517||2.8435 Inverse: 0.3517||2.8428 Inverse: 0.3518|
Average exchange rate over the past 6 months.
|May 15||Jun 09||Jul 04||Jul 29||Aug 23||Sep 17|
|1 AUD =||2.8906 Inverse: 0.3460||2.9017 Inverse: 0.3446||2.9029 Inverse: 0.3445||2.8427 Inverse: 0.3518||2.8302 Inverse: 0.3533||2.8750 Inverse: 0.3478|
Average exchange rate over the past 10 years.
|1 AUD =||2.6362|
What affects AUD to MYR exchange rates?
There are five factors that affect how the Australian dollar trades with the Malaysian ringgit: the country’s GDP, retail sales, industrial production, relative inflation rates and trade balances.
Less aggressive factors are consumer confidence, the strength of other currencies, investor speculation and day-to-day news about natural disasters, elections and new government policies.
When exchanging Australian dollars for Malaysian ringgits, find a provider that offers two-sided quotes to understand the spread they charge. If they show you only the buy or sell rate — but not both — consider looking elsewhere. The closer to the mid-market rate the better the deal.
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