Get more money with the best AUD > MYR exchange rate | finder.com
Best AUD to MYR exchange rates

Best AUD > MYR exchange rates as of Dec 13, 2018

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

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 | Thu, 13 Dec 05:28pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3840 Inverse: 0.7225 1.3355 Inverse: 0.7488 0.880524 Inverse: 1.1357 6.8817 Inverse: 0.1453 0.791985 Inverse: 1.2627 71.566062 Inverse: 0.0140 20.2643 Inverse: 0.0493 52.655136 Inverse: 0.0190
1 AUD = 0.7225 Inverse: 1.3840 1.0000 0.9649 Inverse: 1.0363 0.6362 Inverse: 1.5718 4.9723 Inverse: 0.2011 0.5722 Inverse: 1.7475 51.7098 Inverse: 0.0193 14.6419 Inverse: 0.0683 38.0458 Inverse: 0.0263
1 EUR = 1.1357 Inverse: 0.8805 1.5718 Inverse: 0.6362 1.5167 Inverse: 0.6593 1.0000 7.8155 Inverse: 0.1280 0.899447 Inverse: 1.1118 81.276653 Inverse: 0.0123 23.0139 Inverse: 0.0435 59.7998 Inverse: 0.0167
1 GBP = 1.2627 Inverse: 0.7920 1.7475 Inverse: 0.5722 1.6862 Inverse: 0.5930 1.1118 Inverse: 0.8994 8.6892 Inverse: 0.1151 1.0000 90.362924 Inverse: 0.0111 25.5867 Inverse: 0.0391 66.4850 Inverse: 0.0150

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

I want to send

to

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1,000 1 day AUD 0.00 2.996 MYR 14,978 No maximum limit, no fees and competitive exchange rates for 100+ currencies. Go to site Show details
USD 1 1 - 2 days AUD 3.00 3 MYR
14,992
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. 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.

Frequently asked questions

Was this content helpful to you? No  Yes

US International Money Transfers Offers

Important Information*
XE Money Transfer

Transfer up to $500,000 with no minimums and no fees.

WorldRemit International Money Transfers

Use promo code FINDER to send your first transfer with no fee.
Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First

No maximum limit, no fees and competitive exchange rates for 100+ currencies.

TransferWise

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

US International Money Transfers Offers

Important Information*
XE Money Transfer

Transfer up to $500,000 with no minimums and no fees.

WorldRemit International Money Transfers

Use promo code FINDER to send your first transfer with no fee.
Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First

No maximum limit, no fees and competitive exchange rates for 100+ currencies.

TransferWise

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

Go to site