What is the
WorldRemit Send Money conversion rate for MYR to PHP?
The WorldRemit MYR to PHP exchange rate is 13.12. This is -1.9% compared to the latest MYR-PHP mid-market rate 13.38.
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 Philippine peso (PHP) rates from different sources before making a conversion.
The above
WorldRemit - Ringgit to Peso comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
WorldRemit and other foreign exchange providers against the latest MYR-PHP mid-rate and the possible savings of using various providers.
How do WorldRemit MYR-PHP rates compare between providers?
Looking at the full
MYR to PHP - Send Money comparison table the provider with the best MYR to PHP exchange rate is OFX at 13.31, -0.52% from the latest mid-market rate 13.38.
The next best is Wise at 13.28, -0.75% from the mid-rate.
Then WorldRemit at 13.12, which is -1.9% from the mid-rate.
Among the banks the CIMB Bank rate is 12.66 at -5.4% the OCBC Bank rate is 12.91 at -3.5% and the Maybank rate is 12.91 at -3.5% compared to the mid-rate 13.38.
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 WorldRemit or platforms that offer rates closer to the mid-market rate.