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The USD/MYR exchange rate rose to 4.2130 on August 15, 2025, up 0.01% from the previous session. Over the past month, the Malaysian Ringgit has strengthened 0.75%, and is up by 4.93% over the last 12 months. Malaysian Ringgit - values, historical data, forecasts and news - updated on August of 2025.
Based on the exchange rate from January to December, the average exchange rate of Malaysian ringgit to U.S. dollar in 2024 was at ****, or that 1 U.S. dollar is equal to **** Malaysian ringgit. The value of Malaysian ringgit has remained stable compared to the previous year.
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Prices for USDMYR US Dollar Malaysian Ringgit including live quotes, historical charts and news. USDMYR US Dollar Malaysian Ringgit was last updated by Trading Economics this August 15 of 2025.
In 2023, the average exchange rate from Malaysian ringgit to Indonesian rupiah amounted to approximately 3,342, meaning that one Malaysian ringgit could buy 3,342 Indonesian rupiah.
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Key information about Malaysia Exchange Rate against USD
Petronas remained Malaysia's most valuable brand in 2024, with a brand value of around 14.56 billion U.S. dollars, far surpassing the second most-valuable Malaysian brand, Genting. Founded in 1974, Petronas has since grown into an integrated international oil and gas company. Key business segments Petronas engages in three main business segments including upstream, gas and new energy, and downstream operations. These business segments represent the company’s production chain ranging from exploration to distribution of crude oil and natural gas products. In financial year 2022, the largest revenue source of Petronas Group was its export, which amounted to more than 154 billion Malaysian ringgit. Market performance As a state-owned oil and gas corporation, Petronas Group takes full responsibility of the entire oil and gas resources in Malaysia as well as developing and adding value to them. In 2023, Malaysia ranked 8th in petroleum gas export value worldwide. In addition, Petronas has seen an upward trend of its global brand value from 2015 to 2023 and ranked tenth in the brand value of leading oil and gas companies worldwide in 2023.
Most derivates were traded in 2022, reaching a recent high point of ********** Malaysian ringgit in Malaysia. A derivate is a contract with a value based on the performance of the underlying object.
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The Malaysian annuity insurance market, valued at approximately RM 960 million in 2025 (based on the provided market size of 9.60 million and assuming the value unit is in Malaysian Ringgit (RM)), exhibits a steady growth trajectory, projected to expand at a Compound Annual Growth Rate (CAGR) of 4.37% from 2025 to 2033. This growth is fueled by several key drivers. Increasing awareness of retirement planning among Malaysians, coupled with government initiatives promoting long-term savings and financial security, are significantly bolstering demand for annuity products. The rising life expectancy within the population further contributes to this trend, as individuals seek secure income streams during their retirement years. Furthermore, the diversification of product offerings, including investment-linked annuities and those catering to specific needs like healthcare expenses, is attracting a wider customer base. Competitive pricing strategies employed by major players such as Allianz Malaysia Berhad, AmMetLife, and Prudential Assurance Malaysia, further stimulate market expansion. The market segmentation reveals that individual purchases represent a significant portion of sales, although group annuity plans targeting corporate clients are also showing promising growth potential. Brokers and banks remain the dominant distribution channels, although online platforms are steadily gaining traction. However, certain challenges restrain market growth. Fluctuations in the global financial markets can impact the performance of investment-linked annuities, potentially affecting consumer confidence. The complexities associated with understanding annuity products can deter some potential customers, highlighting the need for improved financial literacy initiatives. Regulatory changes within the insurance sector may also influence market dynamics. Despite these restraints, the long-term outlook for the Malaysian annuity insurance market remains positive, driven by the country's growing middle class, increased disposable incomes, and the ongoing focus on retirement planning solutions. The strategic expansion of distribution channels, innovative product development, and effective consumer education will be crucial for sustaining this growth trajectory over the forecast period. Recent developments include: July 2022: Liberty Mutual Insurance, which is the sixth-largest global property and casualty insurer, acquired a 100% share of AmGeneral with Am holding a 30% interest in the business through the consideration shares received as part of the deal. AmGeneral serves the Malaysia insurance market with 33 branch locations., August 2022: Generali acquired majority stakes in AXA's property/casualty and life businesses in Malaysia, which will position it as a top-tier general insurer in the country, The combined acquisition transaction resulted in USD 261.2 Million as acquisition cost.. Notable trends are: The life Insurance Segment in Malaysia is Dominated by Endowment and Unit-linked Products.
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The Malaysia lubricants market presents a dynamic landscape characterized by steady growth driven by the nation's robust automotive sector, expanding industrialization, and increasing power generation capacity. The market, segmented by end-user industries (automotive, heavy equipment, metallurgy, power generation, and others) and product types (engine oils, greases, hydraulic fluids, metalworking fluids, transmission & gear oils, and others), is expected to experience consistent expansion over the forecast period (2025-2033). While precise figures for market size and CAGR are unavailable, considering the strong economic growth in Malaysia and its reliance on industries requiring lubricants, a conservative estimate places the 2025 market size at approximately RM 1.5 billion (Malaysian Ringgit), with a projected CAGR of 4-5% through 2033. This growth is fueled by increasing vehicle ownership, infrastructure development projects, and the ongoing expansion of manufacturing and industrial activities. However, challenges such as fluctuating crude oil prices and the increasing adoption of environmentally friendly lubricants could influence market dynamics. The presence of major international players like BP, Chevron, ExxonMobil, and Shell alongside local companies indicates a competitive market with potential for both organic growth and mergers & acquisitions. The automotive segment is expected to remain a dominant driver of market growth, owing to Malaysia’s expanding vehicle population and the government’s initiatives to improve road infrastructure. The increasing adoption of advanced engine technologies and stricter emission regulations will necessitate the development and adoption of higher-performance, environmentally sustainable lubricants. The industrial sector, encompassing heavy equipment, metallurgy, and power generation, will contribute significantly to market growth, particularly with continued investments in manufacturing and infrastructure projects. The demand for specialized lubricants, such as hydraulic fluids and metalworking fluids, will likely increase in tandem with industrial activity. Competitive pressures and technological advancements will necessitate continuous innovation and diversification for companies operating within the Malaysian lubricants market. Recent developments include: May 2022: TotalEnergies, NEXUS Automotive Extend Strategic Partnership for a period of five years. As part of this partnership, TotalEnergies Lubricants will be expanding its presence in the burgeoning N! community, which has seen rapid growth in sales from EUR 7.2 billion in 2015 to nearly EUR 35 billion by the end of 2021.March 2022: ExxonMobil Corporation company has appointed Jay Hooley as lead managing director of the company.January 2022: Effective April 1, ExxonMobil Corporation was organized along three business lines - ExxonMobil Upstream Company, ExxonMobil Product Solutions and ExxonMobil Low Carbon Solutions.. Notable trends are: Largest Segment By End User : Automotive.
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The Malaysia Automotive Lubricants Industry is poised for steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 2.81% from 2019 to 2033. While the precise market size in 2025 is not provided, considering typical market growth in Southeast Asia and a projected CAGR, a reasonable estimate for the 2025 market size would be between RM 1.2 Billion and RM 1.5 Billion (in Malaysian Ringgit). This growth is driven by a number of factors, including the increasing number of vehicles on Malaysian roads, a rising middle class with greater disposable income for vehicle maintenance, and the government's continued investment in infrastructure development. Furthermore, the growing adoption of advanced engine technologies and a focus on fuel efficiency are leading to higher demand for specialized and high-performance lubricants. However, the industry also faces challenges such as fluctuating crude oil prices, intense competition among established players (including BP Plc (Castrol), Chevron Corporation, ExxonMobil Corporation, and Shell), and the need to comply with increasingly stringent environmental regulations. The forecast period of 2025-2033 presents significant opportunities for lubricant manufacturers to capitalize on evolving consumer preferences and technological advancements. The segmentations within the industry (though unspecified here) likely include passenger car motor oil, heavy-duty diesel engine oil, and specialty lubricants. Successful players will need to focus on innovation, developing sustainable products, and establishing strong distribution networks to effectively penetrate the Malaysian market. Strategic partnerships with local automotive companies and after-market service providers will be vital for gaining a competitive edge. The industry's growth is also intricately tied to the overall health of the Malaysian automotive sector, making economic indicators and government policies relevant factors to monitor. Notable trends are: Largest Segment By Vehicle Type : Passenger Vehicles.
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Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically
The USD/MYR exchange rate rose to 4.2130 on August 15, 2025, up 0.01% from the previous session. Over the past month, the Malaysian Ringgit has strengthened 0.75%, and is up by 4.93% over the last 12 months. Malaysian Ringgit - values, historical data, forecasts and news - updated on August of 2025.