Maybank MYR to USD Transfers Compared

   

USD/MYR is currently at a 60-day low of approx 4.2050, fluctuating in a 2.3% range around the 3-month avg of 4.2329. Analysts anticipate Fed rate cuts amid rising US inflation, while MYR may appreciate to 4.10-4.15 by Dec due to stable BNM rates and oil price dynamics. Volatility expected as market conditions evolve

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

The Maybank MYR to USD exchange rate is 0.2295. This is -3.5% compared to the latest MYR-USD mid-market rate 0.2378.

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 Maybank - Ringgit to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Maybank and other foreign exchange providers against the latest MYR-USD mid-rate and the possible savings of using various providers. 

How do Maybank MYR-USD rates compare between providers?

The next best is Wise at 0.2361, -0.71% from the mid-rate.

Then WorldRemit at 0.2342, which is -1.5% from the mid-rate.

Among the banks the CIMB Bank rate is 0.2304 at -3.1% the OCBC Bank rate is 0.2295 at -3.5% and the Maybank rate is 0.2295 at -3.5% compared to the mid-rate 0.2378.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Maybank 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.