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Best AUD to MYR exchange rates

Best AUD > MYR exchange rates as of Jun 22, 2018

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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

The mid-market Australian dollar–to–Malaysia ringgit exchange rate is 1 AUD = 3.38 MYR. (Rate accurate as of March 4, 2017.)

Get the best rate for your AUD > MYR exchange

We’ve gathered today’s best rates to inform your forex decisions when trading Australian dollars for Malaysian ringgits.

Refreshing in: 60s | Fri, 22 Jun 01:31pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3448 Inverse: 0.7436 1.3321 Inverse: 0.7507 0.857523 Inverse: 1.1662 6.4996 Inverse: 0.1539 0.752184 Inverse: 1.3295 67.8047 Inverse: 0.0147 20.1746 Inverse: 0.0496 53.2315 Inverse: 0.0188
1 AUD = 0.7436 Inverse: 1.3448 1.0000 0.9906 Inverse: 1.0095 0.6377 Inverse: 1.5682 4.8332 Inverse: 0.2069 0.5593 Inverse: 1.7878 50.4215 Inverse: 0.0198 15.0024 Inverse: 0.0667 39.5844 Inverse: 0.0253
1 EUR = 1.1662 Inverse: 0.8575 1.5682 Inverse: 0.6377 1.5534 Inverse: 0.6437 1.0000 7.5795 Inverse: 0.1319 0.87716 Inverse: 1.1400 79.070444 Inverse: 0.0126 23.5266 Inverse: 0.0425 62.0759 Inverse: 0.0161
1 GBP = 1.3295 Inverse: 0.7522 1.7878 Inverse: 0.5593 1.7710 Inverse: 0.5647 1.1400 Inverse: 0.8772 8.6409 Inverse: 0.1157 1.0000 90.143739 Inverse: 0.0111 26.8214 Inverse: 0.0373 70.7692 Inverse: 0.0141

How does the Australian dollar trade against the Malaysian ringgit historically?

The Australian dollar was introduced in 1966 to replace the Australian pound. At the time, the dollar was maintained under the Bretton Woods system. Under this agreement, most currencies were pegged to the price of gold, but the Australian dollar was effectively pegged to the British pound. The Australian dollar at the time of its launch was 0.8 per 1 British pound.

The Malaysian ringgit (unofficially, the Malaysian dollar) was introduced in 1967, a year after the Australian dollar’s introduction, and replaced the Malaya and British Borneo dollar. At the time, Malaysia was a participating member of the sterling area — like the Australian dollar — and its new currency was originally valued at 8.57 per 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 > MYR exchange rate history

We’ve put together the annual average exchange rate for the Australian dollar against the Malaysian ringgit from 2007 to 2016.

2016201520142013201220112010200920082007
AUD = MYR3.0801782.9292632.9521793.0443933.1974353.1583132.9586352.8247352.8298652.87401

Here’s the monthly average exchange rate for the Australian dollar over the past 12 months.

MonthAUD = MYR
Feb. 20173.406757
Jan. 20173.321028
Dec. 20163.272345
Nov. 20163.269845
Oct. 20163.179805
Sept. 20163.111859
Aug. 20163.069444
July 20163.024498
June 20163.013961
May 20162.956378
April 20162.987785
March 20163.048553

What affects AUD > 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.

Compare today’s rates from providers who can send AUD to MYR

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Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1,000 1 day AUD 0.00 2.957 MYR 14,783 Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details
USD 1,000 1 day AUD 0.00 2.948 MYR 14,739 Exclusive exchange rate discounts
No-maximum limit transfers with competitive exchange rates for 100+ currencies.
Go to site Show details

Compare up to 4 providers

Bottom line

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. Ultimately, the closer you can get to the mid-market rate, the better the deal.

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