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Open <% currencies.converter.data.Current.closerate %>
High <% currencies.converter.data.Current.high %>
Low <% currencies.converter.data.Current.low %>
Change
<% currencies.converter.data.Current.absolute|toFixed:5 %> (<% currencies.converter.data.Current.percentage %>%)
Convert
<% 1 %> USD = <% 1 * currencies.converter.rate |toFixed: 4 %> MYR
Into
<% 1 %> MYR = <% 1 / currencies.converter.rate |toFixed: 4 %> USD
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USD to MYR conversion rates
USD
MYR
<% amount %> USD
<% amount * currencies.converter.rate |toFixed: 4 %> MYR
MYR
USD
<% amount %> MYR
<% amount / currencies.converter.rate |toFixed: 4 %> USD
USD to MYR charts
USD/MYR Live Chart
USD/MYR Historical Chart
What impacts the USD/MYR exchange rate
The USD/MYR currency pair denotes trading of the US dollar against the Malaysian Ringgit. The MYR is considered a commodity currency as its value is heavily dependent on prices of LNG and crude oil - key exports from Malaysia. As a result, USD/MYR shares a negative correlation with crude oil. This means that whenever crude oil prices fall, this forex pair trades bullish and vice versa. In addition, the US dollar and Malaysian Ringgit values are also affected by the release of important economic data from the US and Malaysia respectively. Some of the key economic events that drive price action in USD/MYR include GDP, employment, inflation, trade balance, business confidence and retail sales. Changes to the monetary policy and interest rates by the Federal Reserve and the Bank Negara Malaysia also influence the value of the USD and the MYR respectively. For instance, when the Fed eases its monetary policy or cuts interest rates, it reduces the confidence in the US economy and weakens the dollar. As a result, the USD/MYR currency pair turns bearish. On the other hand, a hawkish outlook by the Fed serves to strengthen the US dollar and causes this currency pair to trade bullish as a result.
USD to MYR exchange rate - FAQ
How does international trade impact the exchange rate of the USD/MYR?

Malaysia is a trade dependent economy, and as a result, the value of the MYR sees significant fluctuation due to factors that impact international trade. For instance, the global financial crisis and the US-China trade war, both served to weaken the currency, turning USD/MYR bullish.

What impact does market sentiment have on the Malaysian ringgit?

As an emerging market currency, the Malaysian ringgit is considered among the riskier currencies to trade in the forex market. As a result, when the markets trade with a risk-off sentiment, investors sell-off the MYR and head towards more stable, major currencies like the US dollar. On the other hand, when the market trades with a risk-on sentiment, the USD/MYR turns bearish.

How do economic events in China impact USD/MYR?

Like most Asian economies, Malaysia enjoys a close trade relationship with China. Hence, significant economic events in China that affect its international trade can drive fluctuations in the value of the MYR. Any event that causes a slowdown in China's economic growth weakens the value of the MYR and causes USD/MYR to trade bullish.