MYR to PHP Market Data
Malaysian ringgit (MYR) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
90-day market context
Currency Forecasts related to MYR/PHP
MYR to USD Exchange Rate Forecast & Outlook
Currently, MYR/USD is trading close to 14-day highs near 0.2456, below its 3-month average of 0.2499. The pair has held within a narrow range, supported by risk-off sentiment and safe-haven flows into the US dollar.
USD to PHP Exchange Rate Forecast & Outlook
Currently, USD/PHP is trading near 61.50, just above its 90-day average and within its recent range. The dominant driver is the central bank policy outlook, with the dollar supported by Fed rate hike...
MYR to EUR Exchange Rate Forecast & Outlook
Currently, MYR/EUR is trading close to its 3-month average, holding within a very stable range near recent highs. The pair's position suggests limited movement in the short term, with risk-off sentiment...
MYR to PHP 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 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 15.01 from OFX . This is -0.53% compared to the mid-market rate 15.09.
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 15.01, -0.53% from the latest mid-market rate 15.09.
The next best is Wise at 15, -0.6% from the mid-rate.
Among the banks the CIMB Bank rate is 14.28 at -5.4% the OCBC Bank rate is 14.56 at -3.5% and the Maybank rate is 14.56 at -3.5% compared to the mid-rate 15.09.
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.