What is the Citibank Send Money conversion rate for MYR to THB?
The Citibank MYR to THB exchange rate is 7.4493. This is -2.6% compared to the latest MYR-THB mid-market rate 7.6482.
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 Thai baht (THB) rates from different sources before making a conversion.
How do Citibank MYR-THB rates compare between providers?
Looking at our comparison table the best MYR to THB exchange rate is 7.61 from OFX, -0.5% from the mid-market rate 7.6482. The next best rate is 7.5947 from Wise, -0.7% from the mid-rate. Then WorldRemit with 7.5335 is -1.5% from the mid-rate.
Among the banks, the CIMB Bank rate is 7.4111 at -3.1%, the OCBC Bank rate is 7.3805 at -3.5%, and the Maybank rate is 7.3805 at -3.5% compared to the mid-rate 7.6482.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Citibank 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 Citibank Ringgit to Baht comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Citibank and other foreign exchange providers against the latest MYR-THB mid-rate (see Market Data below ) and the possible savings of using various providers.