What is the best Send Money conversion rate for MYR to USD?

The best MYR to USD exchange rate is 0.2397 from OFX . This is -0.5% compared to the mid-market rate 0.2409.

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 US dollar (USD) rates from different sources before making a conversion.

The above Commonwealth Bank - Ringgit to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Commonwealth Bank and other foreign exchange providers against the latest MYR-USD mid-rate and the possible savings of using various providers. 

How do Commonwealth Bank MYR-USD rates compare between providers?

Looking at the full MYR to USD - Send Money comparison table the provider with the best MYR to USD exchange rate is OFX at 0.2397, -0.5% from the latest mid-market rate 0.2409.

The next best is Wise at 0.2394, -0.62% from the mid-rate.

Among the banks the CIMB Bank rate is 0.2334 at -3.1% the OCBC Bank rate is 0.2324 at -3.5% and the Maybank rate is 0.2324 at -3.5% compared to the mid-rate 0.2409.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Commonwealth Bank 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.

 

Compare MYR to USD Transfer Rates