What is the best Send Money conversion rate for MYR to INR?
The best MYR to INR exchange rate is 19.96 from Wise. This is -0.7% compared to the mid-market rate 20.10.
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 Indian rupee (INR) rates from different sources before making a conversion.
How do MYR-INR rates compare between providers?
Looking at our comparison table the best MYR to INR exchange rate is 19.96 from Wise, -0.7% from the mid-market rate 20.10. The next best rate is 19.8588 from , -1.2% from the mid-rate. Then WorldRemit with 19.71 is -1.9% from the mid-rate.
Among the banks, the CIMB Bank rate is 19.48 at -3.1%, the OCBC Bank rate is 19.39 at -3.5%, and the Maybank rate is 19.39 at -3.5% compared to the mid-rate 20.10.
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 or platforms that offer rates closer to the mid-market rate.
The Ringgit to Rupee comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest MYR-INR mid-rate (see Market Data below ) and the possible savings of using various providers.
