Understanding the Table:
The comparison table above helps you see the total cost of your HSBC 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 HSBC MYR to CNY exchange rate is 1.628. This is -3.7% compared to the latest MYR-CNY mid-market rate 1.6905.
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 Chinese yuan (CNY) rates from different sources before making a conversion.
The above HSBC - Ringgit to Yuan comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by HSBC and other foreign exchange providers against the latest MYR-CNY mid-rate and the possible savings of using various providers.
Looking at the full MYR to CNY - Send Money comparison table the provider with the best MYR to CNY exchange rate is Wise at 1.6787, -0.7% from the latest mid-market rate 1.6905.
Then WorldRemit at 1.6432, which is -2.8% from the mid-rate.
Among the banks the CIMB Bank rate is 1.6381 at -3.1% the OCBC Bank rate is 1.6314 at -3.5% and the Maybank rate is 1.6314 at -3.5% compared to the mid-rate 1.6905.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like HSBC 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:
