MYR to PHP Market Data
Malaysian ringgit (MYR) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
90-day market context
Currency Forecasts related to MYR/PHP
MYR to USD Exchange Rate Forecast & Outlook
Currently, MYR/USD is trading near the 3-month average, holding just below recent lows. The pair is under pressure from US rate hikes and risk-off sentiment.
USD to PHP Exchange Rate Forecast & Outlook
Currently, USD/PHP is trading close to recent lows near 61.45, supported by risk-off sentiment amid geopolitical tensions. Over the next few sessions, the pair may face pressure if risk appetite improves and...
MYR to EUR Exchange Rate Forecast & Outlook
Currently, MYR/EUR is trading near the 3-month average at 0.2171, holding within its recent range. Risk-off conditions, driven by high geopolitical and macroeconomic uncertainty affecting EUR, support a cautious stance.
MYR to PHP Conversion: What Is Your Money Worth?
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.
What is the best Send Money conversion rate for MYR to PHP?
The best MYR to PHP exchange rate is 15.44 from OFX . This is -0.52% compared to the mid-market rate 15.52.
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.
How do MYR-PHP rates compare between 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 15.44, -0.52% from the latest mid-market rate 15.52.
The next best is Wise at 15.43, -0.58% from the mid-rate.
Among the banks the CIMB Bank rate is 14.68 at -5.4% the OCBC Bank rate is 14.98 at -3.5% and the Maybank rate is 14.98 at -3.5% compared to the mid-rate 15.52.
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.