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

Best Exchange Rates | Compare Foreign Exchange Rates from Banks & Currency Providers

         Intn'l Transfer Rates

Welcome to BestExchangeRates

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
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