Note: Default rates are approximate market averages. For precise calculations based on your bank or money changer, please enter the specific rate in the "Custom Exchange Rate" field.
MYR – Malaysian Ringgit
USD – US Dollar
SGD – Singapore Dollar
EUR – Euro
GBP – British Pound
AUD – Australian Dollar
JPY – Japanese Yen
CNY – Chinese Yuan
IDR – Indonesian Rupiah
THB – Thai Baht
KRW – South Korean Won
MYR – Malaysian Ringgit
USD – US Dollar
SGD – Singapore Dollar
EUR – Euro
GBP – British Pound
AUD – Australian Dollar
JPY – Japanese Yen
CNY – Chinese Yuan
IDR – Indonesian Rupiah
THB – Thai Baht
KRW – South Korean Won
Leave blank to use estimated market rates.
Converted Amount:
function calculateMyrExchange() {
// 1. Get Inputs
var amount = parseFloat(document.getElementById("amountToConvert").value);
var fromCurr = document.getElementById("fromCurrency").value;
var toCurr = document.getElementById("toCurrency").value;
var customRateInput = document.getElementById("customRate").value;
var resultBox = document.getElementById("exchangeResult");
var amountDisplay = document.getElementById("finalAmountDisplay");
var rateDisplay = document.getElementById("exchangeRateDisplay");
// 2. Validate Amount
if (isNaN(amount) || amount To, and user provides rate X, it's Amount * X.
usedRate = parseFloat(customRateInput);
finalResult = amount * usedRate;
} else {
// Use internal approximate rates
var rateFrom = ratesInMYR[fromCurr];
var rateTo = ratesInMYR[toCurr];
// Formula: (Amount * From_Value_In_MYR) / To_Value_In_MYR
finalResult = (amount * rateFrom) / rateTo;
// Calculate the effective cross rate for display
usedRate = rateFrom / rateTo;
}
// 5. Formatting
// Handle currencies with high denominations (IDR, KRW, JPY) differently
var decimals = 2;
if (toCurr === "IDR" || toCurr === "KRW" || toCurr === "JPY") {
decimals = 0;
}
// Format numbers with commas
var formattedResult = finalResult.toLocaleString('en-MY', { minimumFractionDigits: decimals, maximumFractionDigits: decimals });
var formattedAmount = amount.toLocaleString('en-MY', { minimumFractionDigits: 2, maximumFractionDigits: 2 });
var formattedRate = usedRate.toLocaleString('en-MY', { minimumFractionDigits: 4, maximumFractionDigits: 6 });
// 6. Display Result
resultBox.style.display = "block";
amountDisplay.innerHTML = toCurr + " " + formattedResult;
rateDisplay.innerHTML = "Exchange Rate used: 1 " + fromCurr + " = " + formattedRate + " " + toCurr;
}
function updateCustomRatePlaceholder() {
var from = document.getElementById("fromCurrency").value;
var to = document.getElementById("toCurrency").value;
var helper = document.getElementById("rateHelperText");
helper.innerText = "Enter the rate for 1 " + from + " to " + to + " (e.g., from Money Changer board)";
}
Understanding Exchange Rates in Malaysia
Whether you are planning a holiday, sending money abroad, or conducting international business, understanding the Exchange Rate in Malaysia is crucial. The Malaysian Ringgit (MYR) fluctuates daily against major currencies like the US Dollar (USD), Singapore Dollar (SGD), and Euro (EUR) based on global economic factors, Bank Negara Malaysia policies, and market demand.
How to Use This Calculator
This calculator is designed to help you estimate conversions or verify rates offered by money changers:
Standard Conversion: Simply select your currencies (e.g., converting MYR to SGD) and enter the amount. The tool uses average market rates to give you an estimate.
Manual/Custom Rate: If you are standing at a money changer in Kuala Lumpur or checking a bank's website, enter the specific rate they are offering in the "Custom Exchange Rate" field. This allows you to see exactly how much you will receive after the conversion.
Bank Rates vs. Money Changer Rates
In Malaysia, you will often find two types of rates:
Interbank Rate: The "real" rate seen on Google or XE. This is the rate banks use to trade with each other. Consumers rarely get this exact rate.
Retail Rate (Money Changer/Bank Counter): This includes a spread (profit margin). For example, if the Interbank rate for USD/MYR is 4.70, a money changer might sell USD to you at 4.75 (you pay more Ringgit to get USD) or buy USD from you at 4.65.
Popular locations for competitive money changer rates in the Klang Valley include Mid Valley Megamall, Sungei Wang Plaza, and Nu Sentral. It is often recommended to compare the "We Sell" (if you are buying foreign currency) and "We Buy" (if you are converting foreign currency back to Ringgit) columns on their display boards.
Formula for Calculation
To calculate the exchange manually, the formula is simple:
Final Amount = Amount You Have × Exchange Rate
For example, if you have 1,000 MYR and the rate to convert to SGD is 0.2840 (meaning 1 MYR = 0.2840 SGD): 1,000 × 0.2840 = 284 SGD.
Conversely, if the board says "Selling SGD at 3.52" (meaning you pay RM 3.52 for 1 SGD): 1,000 MYR ÷ 3.52 = 284.09 SGD.
Disclaimer: The default rates used in this calculator are approximate historical averages and should be used for estimation purposes only. Always confirm live rates with your financial institution or licensed money changer before transacting.