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Malaysia
 

MYR 1.00 = USD
Here at BER we are dedicated to helping you find the best possible currency exchange rates for Wire Transfers plus market research and information on both banks and non-bank currency providers. Select
MYR Mid-Rates & Charts (30 days & 3 years) :

Daily Currency Market Commentary
Daily currency news provided by OzForex

Wednesday was another quiet day for the Euro and the US dollar during Asian trade as the currency moved less than 12 points from open. Subdued trade was due to a heavy night session close by as investors waited cautiously for data releases out of the US and Europe.
The main news for the night was US Federal Reserve Janet Yellen’s indication that the time frame as to when interest rates may be lifted in the US will be extended. The rates will be left low as the economy is left to recover and economic indicators will be watched closely to ensure the interest rate adjustments are done at the correct time. 
The Euro’s gain on the US dollar was softened by Inflation data which did slow at the expected rate to 0.5 per cent however has now been below 1 per cent for half a year giving thought to the idea that more stimulus measures need to be put in place to help with the recovery in the Eurozone. Today the Euro opens marginally higher against the US dollar at 1.3815.
All eyes today will turn to the US as Unemployment claims and Philly Fed Manufacturing could give a further indication as to the time frame for further tapering on the US55 billion dollar a month asset purchase program.
Data releases:
Nab Quarterly Business Confidence, New Motor Vehicle Sales m/m
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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 PressSMH.com.au Money

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

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