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Understanding the Table:
The comparison table above helps you see the total cost of your United Overseas 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’.
United Overseas Bank Limited (大华银行有限公司), also known as UOB, is a Singaporean bank that was founded in 1935 and has a presence in most Southeast Asian countries.
The bank is the third-largest bank in Southeast Asia by total assets.
* You must be a customer of UOB to use their exchange currency services.
The United Overseas Bank MYR to USD exchange rate is 0.2269. This is -3.5% compared to the latest MYR-USD mid-market rate 0.2352.
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 US dollar (USD) rates from different sources before making a conversion.
The above United Overseas Bank - Ringgit to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by United Overseas Bank and other foreign exchange providers against the latest MYR-USD mid-rate and the possible savings of using various providers.
Looking at the full MYR to USD - Send Money comparison table the provider with the best MYR to USD exchange rate is OFX at 0.234, -0.51% from the latest mid-market rate 0.2352.
The next best is Wise at 0.2335, -0.72% from the mid-rate.
Then WorldRemit at 0.2316, which is -1.5% from the mid-rate.
Among the banks the CIMB Bank rate is 0.2279 at -3.1% the OCBC Bank rate is 0.2269 at -3.5% and the Maybank rate is 0.2269 at -3.5% compared to the mid-rate 0.2352.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like United Overseas 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:
