The latest on Australian dollar to Malaysian ringgit rates
To learn more about the history of the Malaysian ringgit and its relationship with the Aussie dollar, keep reading below.
Exchange rates last updated Monday, 28 September 2020 3:05:01 PM AEST. The online exchange rates provided by this Currency Converter are intended as a guide only and should not be used for transactional purposes. All rates are subject to change from time to time without notice. Exchange rates used in-store may differ from those offered online. The Travelex online buy rate will be used for conversions from a foreign currency to the local currency. The Travelex online sell rate will be used for conversions from the local currency to a foreign currency.
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: Last month
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 3 months
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 6 months
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 12 months
How to see Travelex historical rates
If you would like to see Travelex historical rates, please select one of the currencies
The lowdown on the Malaysian ringgit
Introduced in 1975 to replace the Malaysian dollar, the ringgit is still a relatively new currency. Its name translates into English as ‘jagged’, which refers to the serrated edges of the Spanish dollar that was widely used throughout Malaysia during the 16th and 17th-century Portuguese colonial era.
In 1996, Malaysia issued its third series of bank notes. They featured a design that incorporated the ‘Wawasan 2020’ ideal. Translated as ‘Vision 2020’, it’s a concept created by former Prime Minister of Malaysia Mahathir bin Mohamad, who wanted the country to achieve a self-sufficient, industrialised nation by 2020.
Today, the colourful fourth series notes still feature the country’s first Supreme Head of State, Tuanku Abdul Rahman, alongside Malaysia’s national flower, the hibiscus. The brightly coloured notes come in shades ranging from blue to orange, in denominations of 1, 5, 10, 20, 50 and 100, with imagery of significant local wildlife on the reverse.
Historic Australian dollar to Malaysian ringgit rates
Anyone exchanging Australian dollars for Malaysian ringgit between 2015 and 2017 will have received anywhere from a low of 2.77 to a high of 3.31. Stepping further back in time to review your return over the last decade, you’ll find a low of 2.18 during October 2008, and a high of 3.31 in February 2017.
With average exchange rates higher than previous years, now is a great time to get a good return on your Australian dollars.
*The information contained in this article has been compiled by Travelex from different external sources. The figures provided are indicative only and are there to provide an idea of the amount of travel money you may need during your trip. Travelex does not ensure the accuracy and completeness of the information shown. Nothing in this article is to be considered financial advice. Travelex Limited does not accept any liability for any loss or damage derived from any reliance on the information in this article. Travelex Limited (ABN 36 004 179 953, AFSL Number 222444) arranges for and sells Online Foreign Currency via its Online Ordering Facility. You should consider the Online Foreign Currency Product Disclosure Statement and Terms and Conditions before deciding whether to acquire the product.