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Understanding the Table:
The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
Sending money to Malaysia can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Malaysia bank accounts or pay a Malaysian ringgit invoice.
Euro (EUR) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
EUR/MYR Outlook: Bearish, reflecting the rate being below its recent average and near recent lows, with limited strong drivers.
EUR/USD Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average and lacks a clear driver.
USD/MYR Outlook: Bearish, as the rate is below its recent average and near recent lows due to weak US economic data.
To help you understand the real-world value of the current exchange rate, the table below shows how much Euro are worth in Malaysian ringgit across a range of amounts.
This gives a quick view of what you’d get when converting different EUR amounts at today’s rate * :
*Converted at the current EUR-MYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best EUR to MYR exchange rate is 4.6303 from OFX . This is -0.3% compared to the mid-market rate 4.6443.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Euro (EUR) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
The above Euro to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest EUR-MYR mid-rate and the possible savings of using various providers.
Looking at the full EUR to MYR - Send Money comparison table the provider with the best EUR to MYR exchange rate is OFX at 4.6303, -0.3% from the latest mid-market rate 4.6443.
The next best is XE at 4.6164, -0.6% from the mid-rate.
Then Wise at 4.6152, which is -0.63% from the mid-rate.
The Western Union rate is 4.5746 which is -1.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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