Rate direction
Malaysian ringgit to Philippine peso · MYR/PHP trend
Review the recent market direction, current mid-market rate and significant movement alerts.
90-day market context
MYR to PHP at 15.08 is just 1.0% below its 3-month average of 15.23, having traded in a relatively stable 6.8% range from 14.66 to 15.65
Currency Forecasts related to MYR/PHP
MYR to USD Exchange Rate Forecast & Outlook
Currently, MYR/USD is trading close to the 3-month range lows, supported by USD safe-haven flows driven by geopolitical tensions. The pair holds near 0.2445, around 1.6% below its 3-month average, suggesting a...
MYR to PHP Conversion: What Is Your Money Worth?
View common conversion amounts at today’s mid-market rate
To help you understand the real-world value of the current exchange rate, the table below shows how much Malaysian ringgit are worth in Philippine peso across a range of amounts.
This gives a quick view of what you’d get when converting different MYR amounts at today’s rate * :
*Converted at the current MYR-PHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
What is the
best Send Money conversion rate for MYR to PHP?
The best MYR to PHP exchange rate is 15.03 from OFX . This is -0.46% compared to the mid-market rate 15.10.
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 Philippine peso (PHP) rates from different sources before making a conversion.
The above Ringgit to Peso 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-PHP mid-rate and the possible savings of using various providers.
How do MYR-PHP rates compare between providers?
Looking at the full MYR to PHP - Send Money comparison table the provider with the best MYR to PHP exchange rate is OFX at 15.03, -0.46% from the latest mid-market rate 15.10.
The next best is Wise at 15.01, -0.6% from the mid-rate.
Among the banks the CIMB Bank rate is 14.28 at -5.4% the OCBC Bank rate is 14.57 at -3.5% and the Maybank rate is 14.57 at -3.5% compared to the mid-rate 15.10.
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.