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Best AUD to MYR exchange rates today
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
Refreshing in: 60s | Sat, Dec 07, 08:47AM GMT
Buy Malaysian ringgit with Australian dollar
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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.
|1 AUD =||2.6362|
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.
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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