Understanding the Table:
The comparison table above helps you see the total cost of your OFX 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’.
Malaysian ringgit (MYR) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
The current market bias for the MYR to EUR exchange rate leans towards a bullish outlook.
The MYR to USD exchange rate shows a neutral bias in the near term, with the MYR trading close to recent highs.
Bias: Bearish-to-range-bound, as USD/EUR sits below the 90-day average and in the lower half of the three-month range.
To help you understand the real-world value of the current exchange rate, the table below shows how much Malaysian ringgit are worth in Euro across a range of amounts.
This gives a quick view of what you’d get when converting different MYR amounts at today’s rate * :
*Converted at the current MYR-EUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The OFX MYR to EUR exchange rate is 0.2103. This is -0.52% compared to the latest MYR-EUR mid-market rate 0.2114.
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 Euro (EUR) rates from different sources before making a conversion.
The above OFX - Ringgit to Euro comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by OFX and other foreign exchange providers against the latest MYR-EUR mid-rate and the possible savings of using various providers.
Looking at the full MYR to EUR - Send Money comparison table the provider with the best MYR to EUR exchange rate is OFX at 0.2103, -0.52% from the latest mid-market rate 0.2114.
The next best is Wise at 0.2101, -0.61% from the mid-rate.
Among the banks the CIMB Bank rate is 0.2048 at -3.1% the OCBC Bank rate is 0.204 at -3.5% and the Maybank rate is 0.204 at -3.5% compared to the mid-rate 0.2114.
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 like OFX 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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