The AUD to MYR (Australian Dollar to Malaysian Ringgit) exchange rate forecast, drawn from various sources, presents a nuanced view of the currency pair’s expected performance. Answering the question, “Are AUD to MYR prices expected to go up or down?” the forecasts suggest that traders should prepare for variability, with the Australian Dollar showing potential for both gains and losses against the Malaysian Ringgit.
In the following article, we delve deeper into the dynamics of the AUD to MYR exchange rate, examining the factors driving its fluctuations and providing a comprehensive analysis of what traders and investors can expect shortly.
The article covers the following subjects:
Highlights and Key Points: AUD to MYR Forecast 2024-2030
- The AUD to MYR is expected to remain within a range of 3.10 – 3.136 RM by the end of 2024, exhibiting continued volatility but avoiding major swings. WalletInvestor predicts extreme volatility with three-digit percentage monthly changes;
- A moderate fluctuation in both directions is forecasted for 2025, with the AUD to MYR exchange rate ranging from 2.973 – 3.227 RM amidst economic developments;
- Long-term projections through 2030: Extreme volatility is anticipated in the coming years for the Australian Dollar against the Malaysian Ringgit, with unpredictable double and even triple-digit percentage changes monthly.
Get access to a demo account on an easy-to-use Forex platform without registration
Analysts’ AUD MYR Projections for 2024
Let’s take a look at AUDMYR’s expert forecasts for 2024.
Australian Dollar Today
Price Range for 2024: RM 2.948 – RM 3.136 (as for July 23, 2024)
In 2024, The Economy Forecast Agency anticipates a side movement in AUD to MYR exchange rate. The narrow trading range of RM 2.948 – RM 3.136 suggests that there will be insignificant monthly fluctuations alongside the lack of strong trend. August will open at RM 3.050 and December will close at RM 3.060, indicating the small surge of rate.
| Month | Opening, RM | Min-Max, RM | Closing, RM | Mon. change,% |
|---|---|---|---|---|
| August | 3.050 | 2.948-3.136 | 2.993 | -1.9% |
| September | 2.993 | 2.968-3.058 | 3.013 | 0.7% |
| October | 3.013 | 3.007-3.099 | 3.053 | 1.3% |
| November | 3.053 | 3.013-3.105 | 3.059 | 0.2% |
| December | 3.059 | 3.014-3.106 | 3.060 | 0.0% |
CoinCodex
Price Range for 2024: RM 2.99 – RM 3.10 (as for July 23, 2024)
CoinCodex also predicts side movement for 2024, with moderate fluctuations within RM 2.99 – RM 3.10 range. It’s August when the pair is volatile the most and the price reaches both observed period’s minimum and maximum.
| Year | Minimum, RM | Maximum, RM |
|---|---|---|
| 2024 | 2.99 | 3.10 |
WalletInvestor
Price Range for 2024: RM 0.127 – RM 82.175 (as for July 23, 2024)
WalletInvestor expects a huge AUDMYR volatility, with price fluctuating within RM 0.13 – RM 82. The forecast marks that the investors’ confidence in the asset is pretty low and both currencies are unstable. The experts’ verdict would be ‘Hold.’
| Month | Opening, RM | Closing, RM | Minimum, RM | Maximum, RM |
|---|---|---|---|---|
| August | 11.501 | 0.650 | 0.127 | 34.116 |
| September | 2.862 | 42.584 | 2.862 | 82.175 |
| October | 38.192 | 16.488 | 0.131 | 51.142 |
| November | 16.949 | 9.862 | 4.394 | 33.139 |
| December | 10.674 | 8.148 | 6.090 | 30.779 |
AUDMYR Technical Analysis
The weekly time frame below shows the historical price movements of the AUDMYR pair since 2007.
A complex correction is underway. Its two parts have been completed, and the third upward wave is forming.
Daily and 4-hour time frames are suitable for analyzing the currency pair. You can use the following technical indicators to conduct the analysis:
- Elliott Waves can be used to identify emerging patterns, as well as to predict potential price movements;
- trends lines indicate the prevailing price direction;
- Fibonacci retracement levels help determine potential pivot points;
- candlestick patterns are designed to analyze market sentiment and define potential price targets.
AUDMYR Analysis For Next Three Months
Let us use a daily time frame to forecast the AUDMYR rate for three months.
In the global perspective the AUDMYR is forming a double zigzag [W]-[X]-[Y]. The price chart shows that the final upward wave [Y] is likely unfolding as a double zigzag (W)-(X)-(Y) of a smaller degree. The motive wave (W) and the linking wave (X) have already been shaped.
The sub-wave Y of the final sub-wave (Y) may form. Sub-waves [W] and [X] have been formed within the wave Y. The final sub-wave [Y] is starting to unfold. The uptrend may end near the 2017 high marked at 3.44.
The price will likely continue to grow within the sub-wave (W) to the 3.24 high this month. The linking wave (X) is expected to evolve to 3.16 during the next month. At this level, the wave (X) may retrace 50% of the wave (W) according to Fibonacci lines. During the third month, growth may resume in the first part of a new motive wave within impulse A to the 3.33 level.
blog
Promo code
Long-Term AUDMYR Technical Analysis for 2024
Let us switch to the weekly time frame for a long-term AUDMYR rate analysis.
The active wave [Y] will likely form three main sub-waves (W)-(X)-(Y). The second half of the first motive wave (W) is forming. The wave (W) will likely become a double zigzag W-X-Y.
The corrective linking wave X must have been completed. Therefore, the pair may grow within the zigzag wave Y until the end of August. The AUDMYR is expected to rise to the 3.24 high. In 2021, the upward wave (W) ended at this level.
Once the price reaches the 3.24 level, a linking sub-wave (X) may unfold, retracing 50% of the wave (W) according to the Fibonacci lines. Thus, the price may fall to 3.17 by the end of September.
Growth may resume in October within the first part of the motive wave (Y), sub-wave A, ending presumably near 3.33.
In November, the price may fall to 3.29 within a corrective wave B, retracing 23.6% of the impulse A, according to Fibonacci lines. In December, an impulsive growth is expected within sub-wave C to the 3.44 high.
| Month | AUDMYR Price Forecast | |
|---|---|---|
| Минимум | Максимум | |
| August | 3,18 | 3,24 |
| September | 3,17 | 3,24 |
| October | 3,17 | 3,33 |
| November | 3,29 | 3,33 |
| December | 3,29 | 3,44 |
Long-Term Trading Plan for AUDMYR
Let us consider a trading plan for three months and to the end of the year.
- Since the upward wave continues, consider long trades at the current level with the target at 3.24, where the sub-wave (W) is expected to end.
- A bearish correction within the wave (X) is expected in early September. Thus, consider short trades with the target at 3.17.
- In October, consider long trades, setting a take-profit at the 3.33 level. A bullish impulse will likely unfold.
In the long term, consider long trades at the current level with a take-profit placed at 3.44. The bullish trend will likely end at this mark.
Start trading with a trustworthy broker
Analysts’ AUD MYR Projections for 2025
Let’s take a look at AUDMYR’s expert forecasts for 2025.
Australian Dollar Today
Price Range for 2025: RM 2.973 – RM 3.227 (as for July 23, 2024)
According to The Economy Forecast Agency, the Australian Dollar is expected to remain relatively stable compared to the Malaysian Ringgit over 2025. The overall 2025 trend is moderately bullish with rates rising from RM 3.060 to RM 3.103 within 12 months. The annual minimum is expected in February at RM 2.973, while October will be marked with an annual maximum of RM 3.227.
| Month | Opening, RM | Min-Max, RM | Closing, RM | Mon. change,% |
|---|---|---|---|---|
| January | 3.060 | 2.991-3.083 | 3.037 | -0.8% |
| February | 3.037 | 2.973-3.063 | 3.018 | -0.6% |
| March | 3.018 | 3.018-3.110 | 3.064 | 1.5% |
| April | 3.064 | 3.064-3.171 | 3.124 | 2.0% |
| May | 3.124 | 3.074-3.168 | 3.121 | -0.1% |
| June | 3.121 | 3.088-3.182 | 3.135 | 0.4% |
| July | 3.135 | 3.066-3.160 | 3.113 | -0.7% |
| August | 3.113 | 2.987-3.113 | 3.032 | -2.6% |
| September | 3.032 | 3.032-3.170 | 3.123 | 3.0% |
| October | 3.123 | 3.123-3.227 | 3.179 | 1.8% |
| November | 3.179 | 3.130-3.226 | 3.178 | 0.0% |
| December | 3.178 | 3.056-3.178 | 3.103 | -2.4% |
CoinCodex
Price Range for 2025: RM 2.94 – RM 3.15 (as for July 23, 2024)
CoinCodex expect high volatility in 2025. From January to September the rate will be jumping back and forth, but within relatively stable range. August might see huge burst, but in November the price will crash down. The correction attempt in December will result in another major drop, this time to annual low.
| Year | Minimum, RM | Maximum, RM |
|---|---|---|
| 2025 | 2.94 | 3.15 |
WalletInvestor
Price Range for 2025: RM 0.0152 – RM 82.921 (as for July 23, 2024)
WalletInvestor analysts expect the AUD to MYR exchange rate to be highly volatile in 2025, with double and even triple-digit percentage price swings almost monthly. The predictions show dramatic crashes in January and October. The sharp rebounds are expected in April and December with the highest surge in September. There will be very high risks and opportunities for traders and businesses exposed to this fluctuating currency pair.
| Month | Opening, RM | Closing, RM | Minimum, RM | Maximum, RM |
|---|---|---|---|---|
| January | 26.163 | 7.446 | 7.015 | 30.182 |
| February | 7.051 | 8.551 | 7.051 | 29.916 |
| March | 7.586 | 10.328 | 7.317 | 29.979 |
| April | 9.855 | 30.049 | 7.384 | 30.266 |
| May | 12.265 | 13.092 | 7.332 | 30.737 |
| June | 13.027 | 13.459 | 6.745 | 30.317 |
| July | 13.960 | 12.090 | 5.458 | 31.790 |
| August | 13.252 | 2.208 | 0.0152 | 35.528 |
| September | 4.953 | 45.702 | 4.953 | 82.921 |
| October | 58.769 | 18.374 | 0.537 | 58.769 |
| November | 18.271 | 11.691 | 5.990 | 35.998 |
| December | 13.163 | 27.476 | 7.808 | 33.285 |
Analysts’ AUD MYR Projections for 2026
Let’s take a look at AUDMYR’s expert forecasts for 2026.
Australian Dollar Today
Price Range for 2026: RM 2.936 – RM 3.204 (as for July 23, 2024)
The Economy Forecast Agency analysts predict a more stable outlook for the AUDMYR pair in 2026. The forecast suggests a steady sideways trend, starting at 3.103 in January and closing at 3.070 in December.
| Month | Opening, RM | Min-Max, RM | Closing, RM | Mon. change,% |
|---|---|---|---|---|
| January | 3.103 | 3.071-3.165 | 3.118 | 0.5% |
| February | 3.118 | 3.079-3.173 | 3.126 | 0.3% |
| March | 3.126 | 3.058-3.152 | 3.105 | -0.7% |
| April | 3.105 | 3.054-3.147 | 3.100 | -0.2% |
| May | 3.100 | 3.100-3.204 | 3.157 | 1.8% |
| June | 3.157 | 3.016-3.157 | 3.062 | -3.0% |
| July | 3.062 | 2.973-3.063 | 3.018 | -1.4% |
| August | 3.018 | 3.018-3.129 | 3.083 | 2.2% |
| September | 3.083 | 2.947-3.083 | 2.992 | -3.0% |
| October | 2.992 | 2.992-3.096 | 3.050 | 1.9% |
| November | 3.050 | 2.936-3.050 | 2.981 | -2.3% |
| December | 2.981 | 2.981-3.116 | 3.070 | 3.0% |
CoinCodex
Price Range for 2026: RM 2.936 – RM 3.204 (as for July 23, 2024)
CoinCodex predicts that the downtrend will be formed in 2026 AUDMYR rates. The price will fluctuate during the whole year, but the overall direction is bearish. the asset will be trading within RM 2.80 – RM 3.06.
| Year | Minimum, RM | Maximum, RM |
|---|---|---|
| 2026 | 2.80 | 3.06 |
WalletInvestor
Price Range for 2026: RM 2.936 – RM 3.204 (as for July 23, 2024)
WalletInvestor predicts a highly volatile AUD to MYR exchange rate in 2026. The forecast shows dramatic fluctuations, with monthly opening rates ranging from RM 6.427 to RM 44.487 and closing rates between RM 4.440 to RM 66.235. Significant monthly changes include a drop in August and a surge in September, indicating a highly unpredictable market trend for the Australian dollar against the ringgit.
| Month | Opening, RM | Closing, RM | Minimum, RM | Maximum, RM |
|---|---|---|---|---|
| January | 10.627 | 8.815 | 8.815 | 32.569 |
| February | 9.026 | 10.059 | 9.026 | 32.228 |
| March | 9.705 | 12.490 | 9.217 | 32.192 |
| April | 29.441 | 14.742 | 9.353 | 32.437 |
| May | 14.401 | 15.133 | 9.339 | 32.368 |
| June | 15.739 | 15.363 | 8.859 | 32.787 |
| July | 33.312 | 13.841 | 7.858 | 33.727 |
| August | 14.375 | 4.440 | 1.039 | 37.475 |
| September | 6.427 | 66.235 | 6.427 | 86.946 |
| October | 44.487 | 19.618 | 0.829 | 44.487 |
| November | 20.204 | 14.164 | 7.786 | 38.547 |
| December | 15.003 | 11.954 | 9.680 | 35.597 |
Recent Price History of the AUD MYR Pair
In the closing weeks of 2023, the AUD to MYR exchange rate exhibited slight fluctuations. Starting at 3.0710 MYR per AUD on December 8, it peaked at 3.1724 MYR on December 27 before settling at 3.1317 MYR on December 31. This period highlighted the currency’s volatility, influenced by varying economic factors.
Such trends are vital for forecasting the AUD to MYR rate, offering insights into future predictions and the anticipated currency landscape. As we look beyond 2023, the movement of the AUD to the MYR exchange rate remains a focal point for those analyzing the financial outlook and preparing for possible shifts in the exchange rates.
Long-Term AUD to MYR Forecast for 2027-2030
The last third of the current decade the events for AUDMYR will develop according to a dramatic scenario. As CoinCodex reports, the bearish trend of 2026 will logically close at the beginning of 2027 reaching the next all-time low in AUDMYR rates on RM 2.56. But as the year progresses the confident rise begins and by the year-end the prices will reach RM 3.24. The surge continues in 2028, reaching RM 3.32, but a correction is expected by the year-end with prices landing at RM 3.07. 2029 will see the high volatility resulting in new all-time high of RM 3.44 in AUDMYR rates. 2030 also promises to be volatile with a major burst in May, but the overall forecast is flat.
| Year | Minimum, RM | Maximum, RM |
|---|---|---|
| 2027 | 2.56 | 3.24 |
| 2028 | 3.00 | 3.32 |
| 2029 | 2.87 | 3.44 |
| 2030 | 2.99 | 3.31 |
Which Factors Impact AUD MYR Price?
- Economic Indicators: The performance of both Australia’s and Malaysia’s economies greatly influences the AUD to MYR exchange rate.
- Commodity Prices: As Australia is a major commodity exporter, fluctuating prices, especially in the mining sector, can impact the Australian dollar’s strength.
- Central Bank Policies: The monetary policies of the Reserve Bank of Australia and Bank Negara Malaysia, including interest rate changes, play a significant role in the AUD-MYR movement.
- Global Market Sentiment: World economic events and market sentiment can cause investors to favor or avoid riskier currencies like the AUD, affecting its value against the MYR.
- Political Stability: Political events and stability in both countries can influence investor confidence, thus impacting the exchange rate.
- Geopolitical Factors: International geopolitical events can indirectly impact the AUD-MYR exchange rate through global economic repercussions.
Is AUD/MYR Still a Good Investment?
Based on the projections and analysis presented, the AUD to MYR remains a viable long-term investment option despite some anticipated volatility. While presenting risks, the forecasted exchange rate fluctuations also provide opportunities for thoughtful investors and traders to capitalize on currency movements.
As economic ties strengthen between Australia and Malaysia, the outlook is optimistic for this pair. Investors can make informed decisions regarding the AUD and MYR as part of a diversified portfolio by considering factors driving the trends and monitoring key developments. This currency pair holds potential, albeit requiring an understanding of its complex dynamics.
FAQs on AUDMYR Price Prediction
The current trends point towards continued volatility in the AUD to MYR exchange rate over 2024, with analyst predictions suggesting ongoing monthly fluctuations within a relatively stable range of 3.10 – RM 3.136 MYR per AUD.
The short-term outlook is for continued volatility and variability in the AUD to MYR rate, with forecasts suggesting fluctuating exchange rates over the coming weeks and months.
Forecasts suggest moderate fluctuations in the 3.10 – 3.136 MYR per AUD for 2024, indicating a relatively stable yet dynamic trend anticipated.
Key economic factors like commodity prices, central bank policies, economic growth, and political stability in Australia and Malaysia significantly influence the AUD to MYR exchange rate forecast.
The MYR to AUD outlook is the inverse of the AUD to MYR forecast, so as of July 23, 2024, the price for 1 MYR equals 0,31 AUD.
The forecasts indicate continued volatility is anticipated, with both monthly increases and decreases expected rather than a flat or steadily trending exchange rate.
Long-term projections stretching to 2030 suggest the AUD to MYR will likely exhibit ongoing significant volatility and fluctuations in exchange rates. 2027 will see the new all-time low in AURMYR rates, but then prices will start rising which will result in updating AUDMYR’s all-time high in 2029.
Analysis of historical price trends and exchange rate data informs predictions of future volatility and movements, establishing expectations for variability in the rate.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
{{value}} ( {{count}} {{title}} )
This post is originally published on LITEFINANCE.
