The Malaysian ringgit held around 4.4 against the USD on Friday, continuing its upside momentum for the fourth consecutive week, as the dollar index was at its lowest in near five months, with the case for the US Fed to slow the pace of rate hikes strengthening after a slowdown in PCE inflation and the first fall in factory activity in more than two years. Meantime, Malaysia's Prime Minister Anwar Ibrahim said Thursday that discussions on his cabinet line-up are nearly complete and he will announce it in two or three days' time after a meeting with the King. Local media said that the cabinet list will probably consist of around 25 ministries, compared with 31 under the previous government led by Ismail Sabri Yaakob. Also supporting the local currency were growing expectations that China would reopen its economy soon after rare weekend protests related to tough COVID restrictions.

Historically, the Malaysian Ringgit reached an all time high of 4.88 in January of 1998. Malaysian Ringgit - data, forecasts, historical chart - was last updated on December of 2022.

The Malaysian Ringgit is expected to trade at 4.51 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.61 in 12 months time.

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Malaysian Ringgit


Majors Price Day Year
EURUSD 1.0540 0.0014 0.13% -6.80%
GBPUSD 1.2291 0.0031 0.26% -7.11%
AUDUSD 0.6797 -0.0014 -0.21% -2.83%
NZDUSD 0.6408 0.0040 0.63% -4.95%
USDJPY 134.2640 -0.9920 -0.73% 19.03%
USDCNY 7.0176 -0.0201 -0.29% 10.13%
USDCHF 0.9367 -0.0002 -0.02% 2.07%
USDCAD 1.3468 0.0036 0.27% 4.87%
USDMXN 19.3740 0.2510 1.31% -8.94%
USDINR 81.4100 0.2900 0.36% 8.22%
USDBRL 5.2189 0.0341 0.66% -7.68%
USDRUB 61.5000 0.3000 0.49% -16.54%
USDKRW 1,297.8900 -6.3400 -0.49% 9.99%
USDTRY 18.6351 -0.0056 -0.03% 36.02%
DXY 104.5450 -0.1830 -0.17% 8.77%
USDSEK 10.3215 0.0303 0.29% 12.98%
USDPLN 4.4307 -0.0203 -0.46% 9.16%
USDNOK 9.7625 0.0257 0.26% 6.31%
USDZAR 17.5014 -0.1379 -0.78% 8.86%
USDDKK 7.0538 -0.0112 -0.16% 7.31%
USDSGD 1.3517 -0.0016 -0.12% -1.43%
USDILS 3.3955 0.0056 0.17% 7.45%
USDHKD 7.7888 0.0093 0.12% -0.07%
USDCLP 882.2600 4.0300 0.46% 4.98%
USDPKR 223.6500 -0.6000 -0.27% 26.82%
USDCZK 23.1050 -0.0520 -0.22% 2.76%
USDHUF 388.7200 -2.4700 -0.63% 20.92%
Crosses Price Day Year
USDMYR 4.3830 -0.0170 -0.39% 3.64%
EURMYR 4.6166 -0.0148 -0.32% -3.47%
GBPMYR 5.3800 -0.0141 -0.26% -3.85%
AUDMYR 2.9879 -0.0092 -0.31% -0.29%
NZDMYR 2.8039 0.0020 0.07% -1.65%
MYRJPY 30.8907 0.1507 0.49% 15.81%
MYRCNY 1.6071 0.0076 0.47% 6.62%
MYRCHF 0.2145 0.0016 0.76% -1.13%
MYRCAD 0.3076 0.0023 0.75% 1.28%
MYRMXN 4.4196 0.0734 1.69% -12.15%
MYRINR 18.5724 0.1361 0.74% 4.74%
MYRBRL 1.1933 0.0149 1.27% -10.65%
MYRRUB 14.2587 0.3496 2.51% -18.02%
MYRKRW 297.7230 1.3071 0.44% 6.97%
MYRIDR 3,519.2790 -17.0846 -0.48% 3.51%
MYRARS 38.3527 0.2732 0.72% 60.57%
MYRCZK 5.3082 0.0453 0.86% -0.34%
MYRDKK 1.6190 0.0133 0.83% 3.99%
MYRHUF 89.2774 0.3706 0.42% 17.01%


Malaysian Ringgit
The USDMYR spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the MYR. While the USDMYR spot exchange rate is quoted and exchanged in the same day, the USDMYR forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
4.40 4.88 2.43 1992 - Daily