OCBC Bank MYR to AED Transfers Compared

       

What is the OCBC Bank Send Money conversion rate for MYR to AED?

The OCBC Bank MYR to AED exchange rate is 0.8428. This is -3.5% compared to the latest MYR-AED mid-market rate 0.8734.

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 United Arab Emirates dirham (AED) rates from different sources before making a conversion.

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

How do OCBC Bank MYR-AED rates compare between providers?

The next best is Wise at 0.8673, -0.7% from the mid-rate.

Then WorldRemit at 0.8603, which is -1.5% from the mid-rate.

Among the banks the CIMB Bank rate is 0.8262 at -5.4% the OCBC Bank rate is 0.8428 at -3.5% and the Maybank rate is 0.8428 at -3.5% compared to the mid-rate 0.8734.

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