MYR to AUD Exchange Rates & Currency Deals

   

AUD/MYR update: As of Oct 23, the exchange rate is 2.7440, stable near its 3-mo avg (2.7615). Analysts caution that RBA rate cuts and global trade tensions may pressure the AUD, while the MYR benefits from solid fundamentals and a stable monetary policy. Stay alert to market shifts

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What is the best Send Money conversion rate for MYR to AUD?

The best MYR to AUD exchange rate is 0.3612 from OFX . This is -0.5% compared to the mid-market rate 0.3630.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Malaysian ringgit (MYR) to Australian dollar (AUD) rates from different sources before making a conversion.

The above Ringgit to Aussie 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 MYR-AUD mid-rate and the possible savings of using various providers. 

How do MYR-AUD rates compare between providers?

Looking at the full MYR to AUD - Send Money comparison table the provider with the best MYR to AUD exchange rate is OFX at 0.3612, -0.5% from the latest mid-market rate 0.3630.

The next best is Wise at 0.3603, -0.74% from the mid-rate.

Then WorldRemit at 0.3576, which is -1.5% from the mid-rate.

Among the banks the CIMB Bank rate is 0.3517 at -3.1% the OCBC Bank rate is 0.3503 at -3.5% and the Maybank rate is 0.3503 at -3.5% compared to the mid-rate 0.3630.

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.

 

Compare MYR to AUD Transfer Rates