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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 transaction type, details and click ‘GET RATES’.
US dollar (USD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
USD/MYR Outlook: Bearish, as the rate is significantly below its recent average and near recent lows, driven by USD weakness.
USD/EUR Outlook: Bearish, as the rate is below its recent average and near recent lows, driven by ongoing USD weakness and uncertainty.
USD/JPY Outlook: The outlook is slightly weaker but likely to move sideways, as the rate is below its recent average and within the mid-range of its three-month movement.
To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in Malaysian ringgit across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
*Converted at the current USD-MYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The HSBC USD to MYR exchange rate is 3.7822. This is -3.7% compared to the latest USD-MYR mid-market rate 3.9275.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
The above HSBC - Dollar to Ringgit 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 USD-MYR mid-rate and the possible savings of using various providers.
Looking at the full USD to MYR - Send Money comparison table the provider with the best USD to MYR exchange rate is OFX at 3.9079, -0.5% from the latest mid-market rate 3.9275.
The next best is XE at 3.9039, -0.6% from the mid-rate.
Then Western Union at 3.8882, which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 3.6644 at -6.7% the Wells Fargo Bank rate is 3.6408 at -7.3% and the Citibank rate is 3.8215 at -2.7% compared to the mid-rate 3.9275.
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:
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