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Malaysia
 

MYR 1.00 = USD Inter-Bank Mid-Market Rate    Invert Rate
Here at BER we are dedicated to helping you find the best possible currency exchange rates for Malaysian Ringgit 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

The Greenback was the strongest performer overnight underpinned by an impressive fall in unemployment claims. The numbers were at 8 year lows after the US labour department printed the amount of citizens claiming jobless benefits dropped by 19,000 where an increase in claims was expected.  These figures are important indicators as the US Federal Reserve is currently in the process of reducing its stimulus program based on the US economies health so there is a clear path for an interest rate increase sometime in 2015. The US gains were softened however only slightly by a fall in new home sales as the market seemed to shrug off this negative economic data. Out of Europe impressive services and manufacturing data were shown, the main highlight out of Germany which showed strong numbers across the board. This morning the Euro opens slightly lower against the US dollar and investors will watch US and Euro markets tonight for guidance heading into the weekend.
Data releases:
No Data
ANZ Business Confidence
Tokyo Core CPI y/y, National Core CPI y/y, SPPI y/y
Prelim GDP q/q, Index of Services 3m/3m
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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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