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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 currency converter calculators, up-to-date foreign exchange research, news, charts and information on currency vendors.

Daily Currency Market Commentary
Daily currency news provided by OzForex

Despite Eurozone data once again disappointing the Euro climbed against the Greenback during Tuesday’s trade. Investors looked to be taking recent profits as the USD was sold off after a recent run of strong gains. A string of soft manufacturing numbers from the Eurozone put the European economy on schedule for a 0.3 percent growth in Q3 this year. The slowdown is likely to have follow on affects to future growth and this resinates from Draghi’s speech on Monday with regards to “risks for further downturn”. Elsewhere US markets saw upbeat manufacturing data reaching the highest levels since early 2010. Investors tonight will turn to Germany’s business climate and new home sales in the US for guidance.
Data releases:
CB Leading Index m/m, RBA Financial Stability Review
Trade Balance
Flash Manufacturing PMI
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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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