OCBC Bank MYR to CAD Transfers Compared

   

The CAD to MYR exchange rate is at 90-day lows around 3.0069, over 1.2% below its 3-month avg, driven by falling oil prices and expected rate cuts from the Bank of Canada. Analysts note that MYR is supported by strong economic fundamentals and favorable conditions. Monitoring these trends is crucial for intl transactions

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

The OCBC Bank MYR to CAD exchange rate is 0.3217. This is -3.5% compared to the latest MYR-CAD mid-market rate 0.3334.

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 Canadian dollar (CAD) rates from different sources before making a conversion.

The above OCBC Bank - Ringgit to Loonie 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-CAD mid-rate and the possible savings of using various providers. 

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

Looking at the full MYR to CAD - Send Money comparison table the provider with the best MYR to CAD exchange rate is OFX at 0.3317, -0.51% from the latest mid-market rate 0.3334.

The next best is Wise at 0.3314, -0.6% from the mid-rate.

Then WorldRemit at 0.3284, which is -1.5% from the mid-rate.

Among the banks the CIMB Bank rate is 0.3154 at -5.4% the OCBC Bank rate is 0.3217 at -3.5% and the Maybank rate is 0.3217 at -3.5% compared to the mid-rate 0.3334.

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.