Sending a larger amount to ? Request a Free    Multi-Vendor Quote
Recent Transfers
Request a Multi-Vendor Transfer Quote
Quick Calc

Compare Foreign Exchange Rates | Banks & Online Currency Brokers

         Intn'l Transfer Rates

MYR/USD Exchange Rate

MYR 1.00 = USD Reference Mid-Rate       /
Exchange Rates are different for International Bank Transfers Select
BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your International Money Transfers. We also provide quick currency converter calculators, up-to-date foreign exchange research, news, charts and information and reviews of currency brokers.

Daily Currency Market Commentary
Daily currency news provided by OzForex

The Greenback correction continued Thursday with the Bloomberg dollar spot index advancing for a third consecutive day. Fewer jobless claims and a reported increase in national economic activity according to the Fed Reserves Bank of Chicago helped bolster market confidence sparking a risk on rally. A week of stable and strengthening US data sets supports an overall stronger US economy and view that the recovery can withstand deteriorating global growth. In other news the Euro rot was halted, if only momentarily, by an unexpected expansion in Manufacturing PMI. German and Eurozone reports showed an increase throughout September easing concerns the stagnant European Economy is moving closer to an overall contraction. Finally the Japanese Yen dove downward as Bank of Japan Governor Kuroda said that a weaker Yen appears in line with economic fundamentals and promised to increase stimulus if needed adding to already unprecedented levels of support. With little on the global economic calendar to close the week focus will turn to New Home Sales data in the U.S. for additional indications the economy is rebounding.   
Data releases
No Data
NZD Trade Balance
No Data
GBP Prelim GDP q/q and Index of Services
View more currency reports

Why is it that when I go into a currency vendor to send money I never get the rate on the news?

You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency and there is a gap (or margin) between the price at which you buy and the price at which you sell. ⇒ read article

What makes sending money internationally so expensive?

There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees, Transit fees, Correspondent bank fees etc ⇒ read article

BestExchangeRates in the Money

“A check with the foreign-exchange comparison website shows a big variation in the exchange rates available when sending money and buying cash.” ⇒ read article

This is an information service. By browsing on the website and/or using our comparison tools, you are asking BestExchangeRates to provide you with information about currency exchange products & services from multiple financial institutions. We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product. If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with BestExchangeRates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details. BestExchangeRates may receive fees or other benefits in relation to activity on the BestExchangeRates website. BestExchangeRates may receive remuneration for vendor referral links.    TOS | Full disclaimer | Privacy Statement | Facebook