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Best AUD to MYR exchange rates

Best AUD > MYR exchange rates as of Apr 20, 2018

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, 20 Apr 04:10pm GMT
1 USD = 1.0000 1.3034 Inverse: 0.7672 1.2735 Inverse: 0.7853 0.813904 Inverse: 1.2286 6.2967 Inverse: 0.1588 0.712418 Inverse: 1.4037 66.175 Inverse: 0.0151 18.6189 Inverse: 0.0537 52.164 Inverse: 0.0192
1 AUD = 0.7672 Inverse: 1.3034 1.0000 0.9770 Inverse: 1.0235 0.6244 Inverse: 1.6014 4.8310 Inverse: 0.2070 0.5466 Inverse: 1.8295 50.7710 Inverse: 0.0197 14.2849 Inverse: 0.0700 40.0214 Inverse: 0.0250
1 EUR = 1.2286 Inverse: 0.8139 1.6014 Inverse: 0.6244 1.5647 Inverse: 0.6391 1.0000 7.7364 Inverse: 0.1293 0.87531 Inverse: 1.1425 81.305693 Inverse: 0.0123 22.8761 Inverse: 0.0437 64.0911 Inverse: 0.0156
1 GBP = 1.4037 Inverse: 0.7124 1.8295 Inverse: 0.5466 1.7875 Inverse: 0.5594 1.1425 Inverse: 0.8753 8.8385 Inverse: 0.1131 1.0000 92.887862 Inverse: 0.0108 26.1348 Inverse: 0.0383 73.2210 Inverse: 0.0137

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.

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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USD 1,000 1 day AUD 0.00 2.981 MYR 14,903 Exclusive offer: $0 transfer fee
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USD 1 Within an hour AUD 3.99 2.982 MYR 14,899 Use promo code FINDER to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 1,000 1 day AUD 0.00 2.967 MYR 14,836 Exclusive exchange rate discounts
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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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