As of Nov 15, EUR/MYR trades at 4.8038, 2.1% lower than its 3-month avg. Analysts indicate that the euro's weakness stems from poor Eurozone industrial data and a dovish ECB outlook. Meanwhile, the MYR strengthens amid robust GDP growth and stable monetary policy, suggesting a consolidation phase

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

The OCBC Bank MYR to EUR exchange rate is 0.2009. This is -3.5% compared to the latest MYR-EUR mid-market rate 0.2082.

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 Euro (EUR) rates from different sources before making a conversion.

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

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

Looking at the full MYR to EUR - Send Money comparison table the provider with the best MYR to EUR exchange rate is OFX at 0.2072, -0.48% from the latest mid-market rate 0.2082.

The next best is Wise at 0.2069, -0.62% from the mid-rate.

Among the banks the CIMB Bank rate is 0.2017 at -3.1% the OCBC Bank rate is 0.2009 at -3.5% and the Maybank rate is 0.2009 at -3.5% compared to the mid-rate 0.2082.

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.