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Understanding the Table:
The comparison table above helps you see the total cost of your OCBC Bank 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’.
Malaysian ringgit (MYR) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
MYR/USD Outlook: Slightly positive, but likely to move sideways as the MYR is above its recent average but lacks a clear driver.
MYR/EUR Outlook: Bullish, with the Malaysian Ringgit trading above its recent average and benefiting from Malaysia's economic resilience.
MYR/JPY Outlook: Slightly positive, but likely to move sideways, as the rate is above its 90-day average and trading near the mid-range of recent levels.
To help you understand the real-world value of the current exchange rate, the table below shows how much Malaysian ringgit are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different MYR amounts at today’s rate * :
*Converted at the current MYR-USD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The OCBC Bank MYR to USD exchange rate is 0.2474. This is -3.5% compared to the latest MYR-USD mid-market rate 0.2564.
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 US dollar (USD) rates from different sources before making a conversion.
The above OCBC Bank - Ringgit to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by OCBC Bank and other foreign exchange providers against the latest MYR-USD mid-rate and the possible savings of using various providers.
Looking at the full MYR to USD - Send Money comparison table the provider with the best MYR to USD exchange rate is OFX at 0.2551, -0.51% from the latest mid-market rate 0.2564.
The next best is Wise at 0.2549, -0.59% from the mid-rate.
Among the banks the CIMB Bank rate is 0.2485 at -3.1% the OCBC Bank rate is 0.2474 at -3.5% and the Maybank rate is 0.2474 at -3.5% compared to the mid-rate 0.2564.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like OCBC 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.
View a full list of exchange rates by selecting your Base (from) currency:
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