MYR – Malaysian Ringgit
USD – US Dollar
SGD – Singapore Dollar
EUR – Euro
GBP – British Pound
AUD – Australian Dollar
JPY – Japanese Yen
CNY – Chinese Yuan
HKD – Hong Kong Dollar
THB – Thai Baht
USD – US Dollar
MYR – Malaysian Ringgit
SGD – Singapore Dollar
EUR – Euro
GBP – British Pound
AUD – Australian Dollar
JPY – Japanese Yen
CNY – Chinese Yuan
HKD – Hong Kong Dollar
THB – Thai Baht
Converted Amount:
0.00
*Based on indicative TT rates. Actual RHB counter rates may vary.
Understanding RHB Foreign Exchange Rates
Whether you are planning a holiday, paying for overseas education, or managing business transactions, understanding how RHB exchange rates work is crucial for maximizing your value. This calculator helps you estimate the conversion between the Malaysian Ringgit (MYR) and major world currencies based on prevailing market trends commonly seen at RHB Bank.
Telegraphic Transfer (TT) vs. Notes (Cash)
When viewing exchange rates at RHB or any major Malaysian bank, you will typically see two distinct categories:
TT Rate (Telegraphic Transfer): This rate applies to non-cash transactions, such as online transfers via RHB Now, foreign wire transfers, or crediting a Multi Currency Account. TT rates are generally more favorable than cash rates.
Notes (Counter) Rate: This applies when you physically exchange cash at an RHB branch or Bureau de Change. The spread (difference between buy and sell) is wider to account for the logistics of handling physical cash.
How to Read "Buy" and "Sell" Columns
Many customers get confused by the "Buy" and "Sell" terminology on bank boards. Always look at it from the bank's perspective:
Bank Sells: If you have MYR and want to buy USD, look at the "Bank Sells" column. This is the rate the bank charges you to give you foreign currency.
Bank Buys: If you have USD and want to change it back to MYR, look at the "Bank Buys" column. This is the rate the bank pays you for your foreign currency.
RHB Multi Currency Account
For frequent travelers or investors, opening an RHB Multi Currency Account can be advantageous. It allows you to buy foreign currency when the MYR is strong and hold it in the account, protecting you from future exchange rate volatility. You can then withdraw or spend this amount directly without incurring further conversion fees at the time of usage.
Factors Affecting the Ringgit Exchange Rate
Exchange rates fluctuate dynamically based on several factors, including:
Interest Rates: Changes in the OPR (Overnight Policy Rate) by Bank Negara Malaysia versus the US Federal Reserve rates.
Commodity Prices: As an oil-exporting nation, Malaysia's currency often correlates with global crude oil prices.
Economic Data: GDP growth, inflation reports, and trade balance data all influence the strength of the Ringgit.
// Indicative rates relative to MYR (1 Unit of Foreign Currency = X MYR)
// Used for cross-rate calculation logic
var rhbRates = {
"MYR": 1.0000,
"USD": 4.7500, // 1 USD = 4.75 MYR
"SGD": 3.5200, // 1 SGD = 3.52 MYR
"EUR": 5.1500,
"GBP": 6.0500,
"AUD": 3.1200,
"JPY": 0.0315, // 1 JPY = 0.0315 MYR
"CNY": 0.6600,
"HKD": 0.6080,
"THB": 0.1320
};
function swapCurrencies() {
var fromSelect = document.getElementById("currencyFrom");
var toSelect = document.getElementById("currencyTo");
var temp = fromSelect.value;
fromSelect.value = toSelect.value;
toSelect.value = temp;
// Hide result when parameters change to avoid confusion
document.getElementById("result").style.display = "none";
}
function calculateRHBRate() {
var amount = parseFloat(document.getElementById("amountInput").value);
var fromCurr = document.getElementById("currencyFrom").value;
var toCurr = document.getElementById("currencyTo").value;
var resultDiv = document.getElementById("result");
var amountDisplay = document.getElementById("convertedAmountDisplay");
var rateDisplay = document.getElementById("exchangeRateDisplay");
// Validation
if (isNaN(amount) || amount <= 0) {
alert("Please enter a valid amount greater than 0.");
return;
}
// Calculation Logic:
// 1. Convert Input to MYR (Base)
// Formula: Amount * Rate_Of_From_Currency_In_MYR
var valueInMYR = amount * rhbRates[fromCurr];
// 2. Convert MYR to Target
// Formula: Value_In_MYR / Rate_Of_To_Currency_In_MYR
var finalValue = valueInMYR / rhbRates[toCurr];
// Calculate the effective cross rate for display
var crossRate = finalValue / amount;
// Formatting Output
// Different decimal places for JPY usually, but standard 2 for currency value is safer for display
var formattedResult = finalValue.toLocaleString('en-US', { minimumFractionDigits: 2, maximumFractionDigits: 2 });
// Display Logic
amountDisplay.innerHTML = toCurr + " " + formattedResult;
// Show the effective rate used
// Precision logic: if rate is very small (like JPY), show more decimals
var ratePrecision = (crossRate < 0.1) ? 6 : 4;
rateDisplay.innerHTML = "Indicative Rate: 1 " + fromCurr + " = " + crossRate.toFixed(ratePrecision) + " " + toCurr;
resultDiv.style.display = "block";
}