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 2.8269

Refreshing in: 60s | Mon, Oct 14, 12:45PM 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 Within an hour USD 3.99 2.815 MYR 14,043 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 2.799 MYR 13,993 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details

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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.

Oct 07 Oct 08 Oct 09 Oct 10 Oct 11 Oct 12 Oct 13
1 AUD = 2.8227 Inverse: 0.3543 2.8221 Inverse: 0.3543 2.8202 Inverse: 0.3546 2.8327 Inverse: 0.3530 2.8434 Inverse: 0.3517 2.8435 Inverse: 0.3517 2.8428 Inverse: 0.3518

Average exchange rate over the past 6 months.

May 15 Jun 09 Jul 04 Jul 29 Aug 23 Sep 17
1 AUD = 2.8906 Inverse: 0.3460 2.9017 Inverse: 0.3446 2.9029 Inverse: 0.3445 2.8427 Inverse: 0.3518 2.8302 Inverse: 0.3533 2.8750 Inverse: 0.3478

Average exchange rate over the past 10 years.

1 AUD =2.6362
Inverse: 0.3793
Inverse: 0.3428
Inverse: 0.3105
Inverse: 0.3220
Inverse: 0.3196
Inverse: 0.3310
Inverse: 0.3509
Inverse: 0.3347
Inverse: 0.3117
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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