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NAB MYR to AUD Transfers Compared

MYR-AUD Rate Calculator

 
 
   
   
   
   
   
 

Compare NAB Exchange Rates & Fees - Save Time & Money

 

The live mid-rate MYR to AUD exchange rate is 0.3598.

NAB Foreign Exchange at a glance

Like all the leading banks, NAB (National Australia Bank) offers a wide range of currency related products and services to its customers. If you are a customer of NAB and use internet banking to transfer money overseas then you will be interested to learn how NAB exchange rates compare to other providers.

* You must be a customer of NAB Bank to use their exchange currency services.

International transfers sent in Australian dollars using the NAB app or NAB Internet Banking incur a $30 transfer fee. International transfers made at a NAB branch (sent in Australian dollars or foreign currency) incur a $30 transfer fee.

Citibank Australia is now NAB

In 2022, NAB (National Australia Bank) announced their acquisition of the Citi consumer banking business in Australia.

If you previously had a Citi branded deposit, home loan or investment account, your account was closed, and balance transferred to your NAB branded account on 24 February 2024.

You can manage your foreign transfers through NAB Internet Banking or the NAB app where NAB exchange rates will now apply.

 
 
   

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

The best MYR to AUD exchange rate is 0.358 from OFX . This is -0.5% compared to the mid-market rate 0.3598.

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 Australian dollar (AUD) rates from different sources before making a conversion.

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

How do NAB MYR-AUD rates compare between providers?

Looking at the full MYR to AUD - Send Money comparison table the provider with the best MYR to AUD exchange rate is OFX at 0.358, -0.5% from the latest mid-market rate 0.3598.

The next best is Wise at 0.3571, -0.75% from the mid-rate.

Among the banks the CIMB Bank rate is 0.3486 at -3.1% the OCBC Bank rate is 0.3473 at -3.5% and the Maybank rate is 0.3473 at -3.5% compared to the mid-rate 0.3598.

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