AUD to MYR Currency Converter
The AUD to MYR exchange rate changes all the time. Use this free tool to convert AUD to MYR at the live exchange rate today.
Please understand that the rates displayed on the graph are historical. They are NOT the exchange rates that S Money is offering today. The rates displayed are the “interbank” or “wholesale” exchange rates that you can find on Google or XE. We show these rates so you can see when the best time to buy Malaysian ringgit was.
About the AUD to MYR exchange rate
It's easy to see the AUD to MYR exchange rate on XE, Yahoo or any other currency converter. It's the real exchange rate set by the foreign exchange market. It's also sometimes called the 'wholesale' rate or the 'interbank' rate because it's used for wholesale amounts between banks. It's the best rate to convert foreign currency but often, it's very hard to actually get.
Where is the best place to exchange AUD to MYR?
It's simple to buy Malaysian ringgit in Australia online but it may not necessarily be as fast as walking into a money changer. Services like Australia Post also offer a foreign exchange service online but it takes between two and five business days before the currency is ready for pick-up or delivery so you need to be organised!
Alternatively, buying your currency in Malaysia can be a good option but it all depends on where you go. The money changers in the centre of the main cities like Kuala Lumpur tend to be more competitive than smaller stores in towns.
Only change money at the airport as a last resort. The exchange rates and fees at Australian airports are among the worst in the world so avoid it at all costs if you want to get the best bang for your buck.
How can I convert AUD to MYR at the best rate?
The key to finding the best foreign currency rate is to compare your options. Make sure that you compare not just the exchange rate, but the total cost of your currency including any service or delivery fees.
Learn more: Get the best AUD to MYR exchange rate
What is the best time to exchange AUD to MYR?
As a rule of thumb, if you are buying MYR with Australian dollars, you want the AUD/MYR exchange rate to be as high as possible. The higher the rate, the better it is for you. It means that you will receive more Malaysian ringgit for the same amount of Australian dollars.
Unfortunately there isn't a particular day of the week or time of the day that is the best time.
While it's impossible to pick the perfect time, you can set up a free rate tracker to keep an eye on the rate.
Also keep in mind that if you buy it online, it may take 2-4 business days to arrive so make sure you finalise your financial transaction at least a week before you are due to travel overseas.
Latest AUD to MYR News, Views and Forecasts
There are many different influences over the local currency, increasing commodity prices appear to be the key driver of the recent rise of the Australian dollar. Prices of commodities like oil, wheat and nickel have soared recently on the back of the war in Europe. This has increased the demand for ‘commodity’ currencies like the Aussie dollar, helping it move higher against most major currencies including the US dollar, Euro and British pound. According to the Reserve Bank Australia There has been a close relationship between the terms of trade and the value of the Australian dollar over […]
The AUD to USD exchange rate rose above 75 cents for only the second time since the end of July. At 12:50pm, the CPI or inflation data was released. It showed that prices in Australia are rising faster than previously forecasted. Here are some of the key points: Consumer prices rose 0.8 per cent during the September quarter (July, August and September). Prices are 3% higher than a year earlier. The increase was largely because of fuel which increased 7.1% and rising house prices which increased 3.3%. Interest rates are one of the big drivers of Australian dollar. Right […]
In the past 12 months, the Australian dollar has been sent lower against US dollar, New Zealand dollar and the British pound. The exchange rate is also slightly down against the Japanese yen and Euro. It’s largely because of two large influences over the Australia dollar – interest rates and commodity prices. The strength or weakness of the Australian dollar exchange rate is also impacted by the value of the other currency. For example, if the US dollar gets stronger in its own right, then all other things being equal, the Australian dollar will weaken and the AUD to […]
If you are travelling overseas this year from Australia, the best time to buy US dollars with Australian dollars was in late February 2021. This is because the AUD/USD peaked at 0.7997 and has fallen gradually since. The same applies to anyone transferring money overseas in US dollars. More recently, the AUD/USD exchange rate rose above 75 cents for the first time since late October 2021, making it the best time to buy US dollars so far this year. In general, if you are buying US dollars with Australian dollars, you want the AUD/USD exchange rate to be as […]
This article looks at what the banks are predicting for the AUD to USD exchange rate over the long term in 2022.
This article looks at what the banks are predicting for the Australian dollar (AUD) over the long term in 2022.