MYR to USD Transfers Compared

   

USD to MYR remains stable at 4.2240, close to a 14-day low and within a 2.1% range. Analysts predict upcoming inflation data will influence USD's direction; stronger CPI could boost USD demand while weaker data may lead to declines. MYR benefits from robust fundamentals and Bank Negara's cautious rate stance

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

The best MYR to USD exchange rate is 0.2356 from OFX . This is -0.46% compared to the mid-market rate 0.2367.

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 US dollar (USD) rates from different sources before making a conversion.

The above Ringgit to Dollar 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-USD mid-rate and the possible savings of using various providers. 

How do MYR-USD rates compare between providers?

Looking at the full MYR to USD - Send Money comparison table the provider with the best MYR to USD exchange rate is OFX at 0.2356, -0.46% from the latest mid-market rate 0.2367.

The next best is Wise at 0.2353, -0.59% from the mid-rate.

Then WorldRemit at 0.2332, which is -1.5% from the mid-rate.

Among the banks the CIMB Bank rate is 0.2294 at -3.1% the OCBC Bank rate is 0.2285 at -3.5% and the Maybank rate is 0.2285 at -3.5% compared to the mid-rate 0.2367.

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.