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Maybank exchange rates

See how Maybank's exchange rates stack up for your next international money transfer.

If you need to transfer money overseas or receive an overseas payment, the competitiveness of the exchange rate you’re offered can make a big difference to the amount of money that ends up with you or your recipient at the end of the day. However, the exchange rates are everchanging and will also vary widely from one money transfer service to another.

This guide shows the typical foreign currency exchange rates at Maybank, and how they compare to some other options.

What are Maybank’s exchange rates like?

Take a look at the foreign exchange rates Maybank is offering in the table below. This table is accurate as of 27 October 2020.

When looking at the table, the buying rate is used when you sell a foreign currency to Maybank and converted to Singapore dollars in exchange. The selling rate, on the other hand, is when Maybank buys your Singapore dollars and convert it into the foreign currency you need. This is the exchange rate you’ll need to pay if you want to send local currency overseas.

Per Unit of Foreign CurrencyCountrySelling TT/ODBuying TTBuying OD
US DOLLARUSD1.37661.34661.3411
BRITISH POUNDGBP1.79321.74981.7443
AUSTRALIAN DOLLARAUD0.98970.95120.9457
CANADIAN DOLLARCAD1.04201.04131.0088
NEW ZEALAND DOLLARNZD0.92780.89210.8866
Per 100 Units of Foreign CurrencyCountrySelling TT/ODBuying TTBuying OD
JAPANESE YENJPY1.32071.28831.2843
HONG KONG DOLLARHKD17.900017.370017.1700
INDIAN RUPEESIDR1.96001.68001.3800
SWISS FRANCCHF151.900147.7900147.1900
DANISH KRONEDKK22.050021.330021.3200
NORWEGIAN KRONENOK15.200014.530014.4600
SWEDISH KRONASEK15.880015.240014.9400

Sending money with Maybank: What to know

What we like

  • Instant funds transfer to Brunei, Malaysia and the Philippines. Maybank’s RegionLink service provides the convenience of transferring funds to accounts with Maybank in Brunei, Malaysia and the Philippines via Maybank Online Banking instantly at discounted rates.
  • Wide network. You can send money to virtually anywhere in the world with Maybank’s wide network of correspondent banks.

What to watch out for

  • Not the best rates. Maybank often adds a larger margin to the exchange rate than specialist money transfer services typically do.
  • Fees apply. Although Maybank’s overseas transfer fees may be lower than some other banks, it is still high compared to most specialist transfer services. Extra fees such as agent charges can also apply in different circumstances.

Find out what it’s like to send a money transfer with Maybank

How do Maybank’s exchange rates compare?

Maybank can be a great money transfer option if you make transfers to Brunei, Malaysia and the Philippines frequently. But if you need to transfer to other countries, other specialist money transfer companies can typically offer you better exchange rates than Maybank.

The table below shows a list of money transfer service providers and gives an indication of their exchange rates and fees.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
SGD 0 Same day SGD 4.99 0.726 USD
Special offers like free transfers and better exchange rates available for new customers.
Remitly has quick, affordable transfers around the world, with both express and economy options.
Go to site Show details
SGD 250 1 day SGD 0.00 0.732 USD
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
SGD 2,000 1 day SGD 0.00 0.732 USD
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Go to site Show details
SGD 1 Same day SGD 3.99 0.731 USD
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
SGD 250 1 day SGD 0.00 0.732 USD
Send guarantees to match any competitor's exchange rate. T&Cs apply.
Send has fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
SGD 1 1 - 2 days SGD 45.00 0.735 USD
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
SGD 5 1 - 2 days SGD 3.00 0.731 USD
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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SGD 1 1 day SGD 43.00 0.735 USD
Pay no fees on your first two transfers, up to S$3000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
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SGD 200 2 days SGD 50.00 0.729 USD
Exclusive: Use code FINDER10 to receive US$10 off your first transaction.
InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers.
Go to site Show details

Compare up to 4 providers

The “Rate” and “Amount Received” displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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