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Understanding the Table:
The comparison table above helps you see the total cost of your 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’.
Sending money to Philippines can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Philippines bank accounts or pay a Philippine peso invoice.
Malaysian ringgit (MYR) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
MYR/USD Outlook: The outlook for the MYR against the USD is bullish, as the rate is significantly above its 90-day average and near recent highs, supported...
USD/PHP Outlook: Slightly weaker, but likely to move sideways, as the rate is below its recent average and near recent lows with no clear driver.
MYR/EUR Outlook: Slightly positive, but likely to move sideways, as the rate is above its recent average and within the mid-range of past three months.
To help you understand the real-world value of the current exchange rate, the table below shows how much Malaysian ringgit are worth in Philippine peso 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-PHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best MYR to PHP exchange rate is 14.95 from OFX . This is -0.53% compared to the mid-market rate 15.03.
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 Philippine peso (PHP) rates from different sources before making a conversion.
The above Ringgit to Peso comparison table 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-PHP mid-rate and the possible savings of using various providers.
Looking at the full MYR to PHP - Send Money comparison table the provider with the best MYR to PHP exchange rate is OFX at 14.95, -0.53% from the latest mid-market rate 15.03.
The next best is Wise at 14.94, -0.6% from the mid-rate.
Among the banks the CIMB Bank rate is 14.22 at -5.4% the OCBC Bank rate is 14.5 at -3.5% and the Maybank rate is 14.5 at -3.5% compared to the mid-rate 15.03.
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.
View a full list of exchange rates by selecting your Base (from) currency:
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