What is the
Citibank Send Money conversion rate for EUR to MYR?
The Citibank EUR to MYR exchange rate is 4.639. This is -4.8% compared to the latest EUR-MYR mid-market rate 4.8730.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Euro (EUR) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
The above
Citibank - Euro to Ringgit comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Citibank and other foreign exchange providers against the latest EUR-MYR mid-rate and the possible savings of using various providers.
How do Citibank EUR-MYR rates compare between providers?
Looking at the
full comparison table
the best EUR to MYR exchange rate is 4.8486 from OFX, -0.5% from the mid-market rate 4.8730. The next best rate is 4.8438 from XE, -0.6% from the mid-rate. Then Wise with 4.8389 is -0.7% from the mid-rate.
The Western Union rate is 4.7999 which is -1.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Citibank 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 EUR to MYR Transfer Rates