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Best AUD to MYR exchange rates

Best AUD > MYR exchange rates as of Oct 20, 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 | Sat, 20 Oct 02:36pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.4045 Inverse: 0.7120 1.3115 Inverse: 0.7625 0.86744 Inverse: 1.1528 6.9296 Inverse: 0.1443 0.764995 Inverse: 1.3072 73.473469 Inverse: 0.0136 19.2699 Inverse: 0.0519 53.643753 Inverse: 0.0186
1 AUD = 0.7120 Inverse: 1.4045 1.0000 0.9338 Inverse: 1.0709 0.6176 Inverse: 1.6191 4.9339 Inverse: 0.2027 0.5447 Inverse: 1.8360 52.3129 Inverse: 0.0191 13.7201 Inverse: 0.0729 38.1942 Inverse: 0.0262
1 EUR = 1.1528 Inverse: 0.8674 1.6191 Inverse: 0.6176 1.5119 Inverse: 0.6614 1.0000 7.9886 Inverse: 0.1252 0.8819 Inverse: 1.1339 84.7015 Inverse: 0.0118 22.2147 Inverse: 0.0450 61.8415 Inverse: 0.0162
1 GBP = 1.3072 Inverse: 0.7650 1.8360 Inverse: 0.5447 1.7144 Inverse: 0.5833 1.1339 Inverse: 0.8819 9.0584 Inverse: 0.1104 1.0000 96.044378 Inverse: 0.0104 25.1895 Inverse: 0.0397 70.1230 Inverse: 0.0143

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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USD 1,000 1 day AUD 0.00 2.934 MYR 14,669 Exclusive offer: $0 transfer fee
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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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