Conversion rate from Maybank Online payment, 1 USD = MYR 4.3773!
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 Jun 11 2020, 08:20 PM
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#21
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Senior Member
7,847 posts Joined: Sep 2019 
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QUOTE(Ginny88 @ Jun 11 2020, 05:18 PM) XE Rates are interbank rates. They are not available to retail customers. The proper comparison is local banks' over the counter rates. Yes, in fact, there’s a disclaimer on their mobile app, stating exactly what you mentioned. |
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Jul 9 2020, 09:14 PM
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#22
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Junior Member
367 posts Joined: Apr 2020
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QUOTE(idoblu @ Jun 11 2020, 04:46 PM) use BigPay, few ringgit higher than XE rates. no higher exchange rates or foreign transaction fee Is Bigpay give the best rate for foreign transfer? |
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Jul 9 2020, 10:02 PM
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Junior Member
61 posts Joined: Jun 2020
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QUOTE(NGV22 @ Jun 11 2020, 01:42 PM) Long story short, I purchased something online from US website using Maybank credit card so much higher? it's less than 3%?Now the payment finally shown in Maybank portal. The rate used is 1 USD = MYR 4.3773. Currently the rate should be 1 USD = MYR 4.26 question: is it normal to have bank conversion rate so much higher than the normal conversion rate (difference of 0.11!) Thanks yes, that's how banks make money and is the 4.26 rate you checked from maybank and at the time of transaction? https://www.theguardian.com/notesandqueries...,-20657,00.html |
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