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’.
MYR to EUR Market Data
Malaysian ringgit (MYR) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: Bearish-to-range-bound.
Key drivers:
• The European Central Bank's neutral policy contrasts with Malaysia's higher interest rates.
• Strong oil prices could aid the MYR but the euro remains weak amid Eurozone challenges.
• Germany's unexpected drop in exports is adding pressure on the euro.
Range: Expected to hold steady or drift within the recent 3-month range.
What could change it:
• Upside risk: Improved Eurozone economic data could strengthen the euro.
• Downside risk: Ongoing trade and inflation issues in the Eurozone could weaken the euro further.
EUR/MYR is currently below the 90-day avg and may remain within the lower half of the 3-month range. Watch for any shifts in Eurozone economic data
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MYR to EUR Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Malaysian ringgit are worth in Euro across a range of amounts.
This gives a quick view of what you’d get when converting different MYR amounts at today’s rate * :
What is the
best Send Money conversion rate for MYR to EUR?
The best MYR to EUR exchange rate is 0.2113 from OFX . This is -0.47% compared to the mid-market rate 0.2123.
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 Euro (EUR) rates from different sources before making a conversion.
The above
Ringgit to Euro 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-EUR mid-rate and the possible savings of using various providers.
How do MYR-EUR rates compare between providers?
Looking at the full
MYR to EUR - Send Money comparison table the provider with the best MYR to EUR exchange rate is OFX at 0.2113, -0.47% from the latest mid-market rate 0.2123.
The next best is Wise at 0.2108, -0.71% 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.