Understanding the Table:
The comparison table above helps you see the total cost of your HSBC 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 details and click ‘Get Rates’.
The HSBC MYR to TWD exchange rate is 6.8185. This is -3.7% compared to the latest MYR-TWD mid-market rate 7.0805.
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 New Taiwan dollar (TWD) rates from different sources before making a conversion.
The above HSBC - Ringgit to New Taiwan dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by HSBC and other foreign exchange providers against the latest MYR-TWD mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best MYR to TWD exchange rate is 7.031 from Wise, -0.7% from the mid-market rate 7.0805. The next best rate is 6.995534 from , -1.2% from the mid-rate. Then WorldRemit with 6.9743 is -1.5% from the mid-rate.
Among the banks the CIMB Bank rate is 6.861 at -3.1% the OCBC Bank rate is 6.8327 at -3.5% and the Maybank rate is 6.8327 at -3.5% compared to the mid-rate 7.0805.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like HSBC 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: