Best AUD to MYR exchange rates today

You'll get the best rate for your exchange with an online forex expert.

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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

Live Rate

= RM 2.8521

Refreshing in: 60s | Sat, Dec 07, 08:47AM 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 0 1 - 2 days AUD 0.00 2.841 MYR 14,203 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
EUR 1,000 1 - 2 days USD 10.00 2.824 MYR 14,037 Use TransferMate to help you send money to almost any country around the world for a small fee. Go to site Show details
USD 1 Within an hour USD 3.99 2.84 MYR 14,168 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 2.824 MYR 14,118 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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.

Nov 30 Dec 01 Dec 02 Dec 03 Dec 04 Dec 05 Dec 06
1 AUD = 2.8233 Inverse: 0.3542 2.8255 Inverse: 0.3539 2.8490 Inverse: 0.3510 2.8603 Inverse: 0.3496 2.8602 Inverse: 0.3496 2.8512 Inverse: 0.3507 2.8521 Inverse: 0.3506

Average exchange rate over the past 6 months.

Jul 08 Aug 02 Aug 27 Sep 21 Oct 16 Nov 10
1 AUD = 2.8866 Inverse: 0.3464 2.8276 Inverse: 0.3537 2.8387 Inverse: 0.3523 2.8265 Inverse: 0.3538 2.8312 Inverse: 0.3532 2.8342 Inverse: 0.3528

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.

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