Malaysian ringgit (Malaysia ringgit, MYR) · updated 3:57 PM IST, 12 Oct 2026
Malaysian Ringgit rate today
Today's Malaysian ringgit rate, live from the Matrix Forex desk: the ringgit price for notes, on a forex card, and what we pay when you sell ringgit back.
MYR rate today: how the ringgit moved
The ringgit against the rupee, day by day: the market's daily reference (European Central Bank), as a change in per cent. Our rates follow the market through the day.
- Mon5 Oct▼-0.09%
- Tue6 Oct▲+0.18%
- Wed7 Oct▲+0.25%
- Thu8 Oct▼-0.04%
- Fri9 Oct▲+0.11%
Ten years of history and the outlook are on the MYR to INR converter.
One ringgit, three prices
How you take a ringgit decides what it costs. Each pillar stands as tall as its price on the same rupee scale.
Notes we buy are checked, stored and shipped back.
Loaded electronically, reloadable from abroad.
Notes are imported, insured, stored and delivered.
less per ringgit with a forex card than in cash today. On RM 7,500 that is ₹8,925.
Get a forex cardRinggit price today: what your ringgit cost
The same amount, two ways. Cash stops at the per-trip limit; a card covers the rest.
Cash limit. Up to the USD 3,000 equivalent as currency notes per trip; the rest goes on a forex card, within the USD 250,000 annual LRS limit.
TCS. Tax collected at source applies once your foreign-exchange purchases in a financial year cross ₹10 lakh: nil when an education loan pays, 2% for self-funded education and medical treatment, and 20% for travel and everything else. It is credited against your income tax when you file.
Matrix ForexRupees, rounded · 3:57 PM IST, 12 Oct 2026
| You need | Cash | Forex card | Card saves |
|---|---|---|---|
| RM 400 | ₹9,930 | ₹9,454 | ₹476 |
| RM 2,000 | ₹49,651 | ₹47,271 | ₹2,380 |
| RM 4,000 | ₹99,302 | ₹94,542 | ₹4,760 |
| RM 7,500 | ₹1,86,191 | ₹1,77,266 | ₹8,925 |
| RM 10,000 | ₹2,48,255 | ₹2,36,355 | ₹11,900 |
| RM 20,000 | Above the cash limit | ₹4,72,710 | · |
| RM 40,000 | Above the cash limit | ₹9,45,420 | · |
Your exact quote comes on the callback.
Buy ringgit in your city
Book here or on WhatsApp. We have eight branches and deliver to eight more cities.
Ringgit rate questions
The rate questions people search for, answered with today's numbers.
Still deciding? Ask the deskA person replies on WhatsApp01Today's rate
What is the ringgit rate today?
At 3:57 PM IST on 12 Oct 2026, Matrix Forex sells Malaysian ringgit notes at ₹24.83 and buys them back at ₹22.95. On a forex card it is ₹23.64. Rates move with the market through the day.
What is today's ringgit buying and selling rate?
You buy ringgit at ₹24.83 and sell them back at ₹22.95. The gap pays for handling real notes both ways: importing, insuring, storing and delivering them, then checking and shipping them back.
Does the ringgit rate change during the day?
Yes. Our rates follow the market through the trading day. The rate on your quote is the one the desk gives you on the callback.
How much did the ringgit move this week?
Up 0.42% between 2 Oct and 9 Oct on the European Central Bank's daily reference rate. The chart above shows the trend.
02Quick answers
What is the Malaysia currency rate today?
The Malaysia currency rate today is ₹24.83 at Matrix Forex: Malaysia uses the Malaysian ringgit (MYR), and that is our price for its notes. On a forex card it is ₹23.64. The rate moves with the market through the day.
What is the MYR rate today?
The MYR rate today is ₹24.83 for cash at Matrix Forex. On a forex card it is ₹23.64. We buy ringgit back at ₹22.95.
What is the ringgit price today?
The ringgit price today is ₹24.83 for notes, delivered or collected, with GST and any TCS shown as separate lines on your quote, never inside the rate. On a forex card it is ₹23.64.
What is the Malaysian ringgit buying rate today?
It depends on which way you trade. To buy ringgit from us you pay ₹24.83 for cash today and ₹23.64 on a forex card; when you sell ringgit back, we pay ₹22.95. Both move with the market through the day.
03Cash, card or transfer
Is a forex card cheaper than cash?
Today, yes: ₹23.64 on a card against ₹24.83 in notes. On RM 7,500 that is ₹8,925 less. Most travellers take a little cash and load the rest on a card.
Can I sell my leftover ringgit?
Yes. We buy Malaysian ringgit notes back at ₹22.95 today. Get a buy-back quote.
04Rules
What rules apply when I buy ringgit?
Up to the USD 3,000 equivalent as currency notes per trip; the rest goes on a forex card, within the USD 250,000 annual LRS limit. That is about RM 12,000 in notes. You need your passport, ticket, visa where required, and PAN: see the document checklist.
Is tax charged when I buy ringgit?
Tax collected at source applies once your foreign-exchange purchases in a financial year cross ₹10 lakh: nil when an education loan pays, 2% for self-funded education and medical treatment, and 20% for travel and everything else. It is credited against your income tax when you file.