Understanding the Table:
The comparison table above helps you see the total cost of your OCBC Bank 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’.
Australian dollar (AUD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
AUD/MYR Outlook: Slightly positive, but likely to move sideways, as the rate is above its recent average yet lacks a clear driver.
AUD/USD Outlook: Likely to increase, supported by a strong domestic monetary stance and favorable market conditions.
USD/MYR Outlook: Bearish, as the rate is below its recent average and near recent lows due to current pressures in the market.
To help you understand the real-world value of the current exchange rate, the table below shows how much Australian dollar are worth in Malaysian ringgit across a range of amounts.
This gives a quick view of what you’d get when converting different AUD amounts at today’s rate * :
| AUD | MYR |
|---|---|
| A$ 1,000 | RM 2,776 |
| A$ 5,000 | RM 13,880 |
| A$ 20,000 | RM 55,518 |
| A$ 100,000 | RM 277,590 |
| AUD | MYR |
|---|---|
| A$ 360.20 | RM 1,000 |
| A$ 1,801 | RM 5,000 |
| A$ 7,204 | RM 20,000 |
| A$ 36,020 | RM 100,000 |
More amounts
*Converted at the current AUD-MYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The OCBC Bank AUD to MYR exchange rate is 2.6787. This is -3.5% compared to the latest AUD-MYR mid-market rate 2.7759.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Australian dollar (AUD) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
The above OCBC Bank - Aussie to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by OCBC Bank and other foreign exchange providers against the latest AUD-MYR mid-rate and the possible savings of using various providers.
Looking at the full AUD to MYR - Send Money comparison table the provider with the best AUD to MYR exchange rate is OFX at 2.762, -0.5% from the latest mid-market rate 2.7759.
The next best is Wise at 2.7607, -0.55% from the mid-rate.
Then XE at 2.7592, which is -0.6% from the mid-rate.
The Western Union rate is 2.7343 which is -1.5% from the mid-rate.
Among the banks the Commonwealth Bank rate is 2.5629 at -7.7% and the ING Bank rate is 2.5907 at -6.7% compared to the mid-rate 2.7759.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like OCBC Bank 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.
View a full list of exchange rates by selecting your Base (from) currency:
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