Understanding the Table:
The comparison table above helps you see the total cost of your Western Union 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’.
The Western Union USD to MYR exchange rate is 4.2347. This is -1% compared to the latest USD-MYR mid-market rate 4.2775.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
The above Western Union - Dollar to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Western Union and other foreign exchange providers against the latest USD-MYR mid-rate and the possible savings of using various providers.
Looking at the full USD to MYR - Send Money comparison table the provider with the best USD to MYR exchange rate is OFX at 4.2561, -0.5% from the latest mid-market rate 4.2775.
The next best is XE at 4.2518, -0.6% from the mid-rate.
Then Wise at 4.2497, which is -0.65% from the mid-rate.
The Western Union rate is 4.2347 which is -1% from the mid-rate.
Among the banks the Chase Bank rate is 3.8825 at -9.2% the Wells Fargo Bank rate is 3.8569 at -9.8% and the Citibank rate is 4.0536 at -5.2% compared to the mid-rate 4.2775.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers 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 like Western Union or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
