Malaysian Ringgit to Nigerian Naira — MYR to NGN
MYR to NGN Converter
MYR/NGN Rate — Last 30 Days
MYR fell 1.77% vs NGN this week — a clear short-term downtrend. Watch whether this continues or reverses.
The 7-day and 30-day averages are very close — MYR/NGN is consolidating without a clear directional bias. Watch for a breakout from this range.
4 consecutive days where MYR fell vs NGN. Sustained selling pressure — could mean a fundamental shift or just a temporary correction.
The rate is at its lowest point in 30 days. MYR is under significant selling pressure. At lows, a bounce is possible — but only if the fundamental drivers change.
RSI of 17 means MYR has fallen fast relative to NGN and may be oversold. RSI below 30 often precedes a bounce — but in a strong downtrend, the rate can stay oversold for weeks.
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Rate Statistics
| Period | High | Low | Average |
|---|---|---|---|
| 7 days | 345.9066 | 339.2944 | 344.1998 |
| 30 days | 348.6572 | 339.2944 | 345.7666 |
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Set a target rate — we email you when MYR/NGN hits it. Checked every 15 minutes.
What drives the MYR/NGN rate?
Whether you're converting MYR for travel, business, or investment, here's what drives the MYR to NGN exchange rate. The MYR/NGN exchange rate is determined by supply and demand in global currency markets, influenced by interest rate decisions from both central banks, economic data releases, inflation figures, and broader risk sentiment in financial markets. Trade flows between the two countries or regions also play an important role in long-term rate direction.
How to get the best MYR to NGN rate
The rate shown above is the interbank mid-market rate — the real exchange rate used between financial institutions. Individual customers cannot access this rate directly. Banks typically add a 2–3% spread on top, meaning you receive significantly less than the rate shown.
Online transfer services like Wise offer rates very close to the interbank rate with a small transparent fee of 0.5–1%. On a $1,000 MYR exchange this typically saves $15–25 compared to a bank. Airport exchange booths charge the highest fees — often 5–8% above the interbank rate — and should be avoided for large amounts.