What is the best Send Money conversion rate for MYR to TWD?
The best MYR to TWD exchange rate is 7.3066 from Wise. This is -0.7% compared to the mid-market rate 7.3581.
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 New Taiwan dollar (TWD) rates from different sources before making a conversion.
How do MYR-TWD rates compare between providers?
Looking at our comparison table the best MYR to TWD exchange rate is 7.3066 from Wise, -0.7% from the mid-market rate 7.3581. The next best rate is 7.2698028 from , -1.2% from the mid-rate. Then WorldRemit with 7.2477 is -1.5% from the mid-rate.
Among the banks, the CIMB Bank rate is 7.13 at -3.1%, the OCBC Bank rate is 7.1006 at -3.5%, and the Maybank rate is 7.1006 at -3.5% compared to the mid-rate 7.3581.
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 New Taiwan dollar 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-TWD mid-rate (see Market Data below ) and the possible savings of using various providers.
