Best AUD to MYR exchange rates today | finder.com

Best AUD to MYR exchange rates today

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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

Live Rate

= RM 2.8665

Refreshing in: 60s | Thu, 20 Jun 03:03pm GMT

Buy Malaysian ringgit with Australian dollar

Find your best exchange rate by comparing online forex services for AUD to MYR.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 1 - 2 days AUD 0.00 2.855 MYR
14,275
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USD 1 Within an hour AUD 0.00 2.816 MYR 14,082 Use promo code 3FREE to send your first 3 transfers with no fee. Send 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 2.826 MYR 14,132 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details

Compare up to 4 providers

The exchange rates in the table are not locked in. Confirm your final rate on the provider’s site before completing any transaction.

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.

Jun 13 Jun 14 Jun 15 Jun 16 Jun 17 Jun 18 Jun 19
1 AUD = 2.8768 Inverse: 0.3476 2.8642 Inverse: 0.3491 2.8635 Inverse: 0.3492 2.8663 Inverse: 0.3489 2.8630 Inverse: 0.3493 2.8659 Inverse: 0.3489 2.8736 Inverse: 0.3480

Average exchange rate over the past 6 months.

Jan 18 Feb 13 Mar 11 Apr 06 May 02 May 28
1 AUD = 2.9478 Inverse: 0.3392 2.8841 Inverse: 0.3467 2.8921 Inverse: 0.3458 2.9070 Inverse: 0.3440 2.8920 Inverse: 0.3458 2.9005 Inverse: 0.3448

Average exchange rate over the past 10 years.

2009201020112012201320142015201620172018
1 AUD =2.6362
Inverse: 0.3793
2.9167
Inverse: 0.3428
3.2211
Inverse: 0.3105
3.1060
Inverse: 0.3220
3.1289
Inverse: 0.3196
3.0215
Inverse: 0.3310
2.8501
Inverse: 0.3509
2.9876
Inverse: 0.3347
3.2079
Inverse: 0.3117
2.9703
Inverse: 0.3367

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.

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. The closer to the mid-market rate the better the deal.

Frequently asked questions

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Important Information*
Logo for XE Money Transfer
XE Money Transfer

Offering no maximum and no minimum limit transfers with $0 fees.

Logo for WorldRemit International Money Transfers
WorldRemit International Money Transfers

Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

Logo for TransferWise
TransferWise

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

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CurrencyTransfer

Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.

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