United Overseas Bank SGD to MYR Exchange Rates & Currency Deals

   

What is the United Overseas Bank Send Money conversion rate for SGD to MYR?

The United Overseas Bank SGD to MYR exchange rate is 3.1861. This is -3.5% compared to the latest SGD-MYR mid-market rate 3.3016.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Singapore dollar (SGD) to Malaysian ringgit (MYR) rates from different sources before making a conversion.

The above United Overseas Bank - Singapore dollar to Ringgit 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 SGD-MYR mid-rate and the possible savings of using various providers. 

How do United Overseas Bank SGD-MYR rates compare between providers?

Looking at the full SGD to MYR - Send Money comparison table the provider with the best SGD to MYR exchange rate is OFX at 3.2851, -0.5% from the latest mid-market rate 3.3016.

The next best is XE at 3.2818, -0.6% from the mid-rate.

Then Wise at 3.2818, which is -0.6% from the mid-rate.

Among the banks the CIMB Bank rate is 3.1318 at -5.1% the OCBC Bank rate is 3.2125 at -2.7% and the Maybank rate is 3.1861 at -3.5% compared to the mid-rate 3.3016.

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.

 

Compare SGD to MYR Transfer Rates