About this pair
MYR/USD: what to know
The MYR/USD rate shows how much USD you get for 1 MYR. Right now, 1 MYR buys 0.2449 USD at the mid-market rate. In the other direction, 1 USD is worth 4.0840 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while USD responds to Fed policy, US growth and global risk appetite.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Your bank, card issuer or exchange office may use a different rate and charge fees. Compare the final amount after the charges disclosed for your offer.