We show that MFDEs with infinite range discrete and/or continuous interactions admit exponential dichotomies, building on the Fredholm theory developed by Faye and Scheel for such systems. For the half line, we refine the earlier approach by Hupkes and Verduyn Lunel. For the full line, we construct these splittings by generalizing the finite-range results obtained by Mallet-Paret and Verduyn Lunel. The finite dimensional space that is 'missed' by these splittings can be characterized using the Hale inner product, but the resulting degeneracy issues raise subtle questions that are much harder to resolve than in the finite-range case. Indeed, there is no direct analogue for the standard 'atomicity' condition that is typically used to rule out degeneracies, since it explicitly references the smallest and largest shifts.We construct alternative criteria that exploit finer information on the structure of the MFDE. Our results are optimal when the coefficients are cyclic with respect to appropriate shift semigroups or when the standard positivity conditions typically associated to comparison principles are satisfied. We illustrate these results with explicit examples and counter-examples that involve the Nagumo equation.