|
|
|
||
|
|
|
||
|
|
|
||
|
|
|
Understanding the Table:
The comparison table above helps you see the total cost of your Natwest Bank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
According to the https://www.natwestinternational.com/ website there is no charge to convert money between currencies.
They then go onto say that “Any costs are built into the agreed rate applied to the Foreign Exchange transfer, which includes our margin. The margin applied varies depending upon how much you want to trade.”
That type of hidden cost of Foreign Exchange is what BER makes easier to calculate here.
The best USD to MYR exchange rate is our partner deal rate of 4.2561 from OFX . This is -0.5% compared to the mid-market rate 4.2775.
The standard OFX USD-MYR rate is 4.1178, -3.7% from the mid-rate. Visit OFX here to secure the better rate.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
The above Natwest Bank - Dollar to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Natwest Bank and other foreign exchange providers against the latest USD-MYR mid-rate and the possible savings of using various providers.
Looking at the full USD to MYR - Send Money comparison table the provider with the best USD to MYR exchange rate is OFX at 4.2561, -0.5% from the latest mid-market rate 4.2775.
The next best is XE at 4.2518, -0.6% from the mid-rate.
Then Wise at 4.2497, which is -0.65% from the mid-rate.
The Western Union rate is 4.2347 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 3.8825 at -9.2% the Wells Fargo Bank rate is 3.8569 at -9.8% and the Citibank rate is 4.0536 at -5.2% compared to the mid-rate 4.2775.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Natwest 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.
View a full list of exchange rates by selecting your Base (from) currency:
