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Maybank exchange rates

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

Zyane Tan

Updated Oct 27, 2020. What changed?

Fact checked

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.

Also known as the interbank rate, the mid-market rate is the price on the halfway point between a bid and offer spread in a financial market. This means that it’s the true exchange rate before having a margin added, a common practice among most banks and money transfer services. You should always compare the rate you’re offered against the mid-market rate to see if it’s a good deal or not. The calculator below will give you an idea of the mid-market rate.

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Updated: 15 Jan 2021 16:03:12 UTC

Per unit of foreign currency
Per 100 units of foreign currency

Per Unit of Foreign Currency	Country	Selling TT/OD	Buying TT	Buying OD
US DOLLAR	USD	1.3766	1.3466	1.3411
BRITISH POUND	GBP	1.7932	1.7498	1.7443
AUSTRALIAN DOLLAR	AUD	0.9897	0.9512	0.9457
CANADIAN DOLLAR	CAD	1.0420	1.0413	1.0088
NEW ZEALAND DOLLAR	NZD	0.9278	0.8921	0.8866
EURO	EUR	1.6276	1.5909	1.5854

Per 100 Units of Foreign Currency	Country	Selling TT/OD	Buying TT	Buying OD
JAPANESE YEN	JPY	1.3207	1.2883	1.2843
HONG KONG DOLLAR	HKD	17.9000	17.3700	17.1700
INDIAN RUPEES	IDR	1.9600	1.6800	1.3800
SWISS FRANC	CHF	151.900	147.7900	147.1900
DANISH KRONE	DKK	22.0500	21.3300	21.3200
NORWEGIAN KRONE	NOK	15.2000	14.5300	14.4600
SWEDISH KRONA	SEK	15.8800	15.2400	14.9400

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.

I want to send

Min. Transfer Amount	Transfer Speed	Online Transfer Fee	Rate	Amount Received	Description	CTA	Details
SGD 2,000	1 - 2 days	SGD 0.00	0.749	USD 7,488	WorldFirst sends 60+ currencies at competitive rates with no fees. If you find a better eligible quote, WorldFirst will beat it.	Go to site	Compare	Show details	Details Minimum transfer amount SGD 2,000.00 Transfer methods Online, Phone Transfer options One off payments, Market orders Customer service Phone, Email Available currencies AED, AUD, BBD, BGN, CAD, CHF, CZK, DKK, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KES, LKR, MUR, MYR, NOK, NZD, PHP, PLN, RUB, SEK, SGD, TND, USD, ZAR Go to site Read the full review
USD 60	1 day	-	-		Skrill offers easy transfers to many popular destinations, but keep an eye out for added fees.	Go to site	Compare	Show details	Details Minimum transfer amount USD 60.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments Customer service Phone, Email Available currencies AUD, BDT, EUR, GBP, IDR, INR, KES, LKR, MXN, MYR, NPR, PHP, PKR, PLN, SGD, THB, USD, VND Go to site Read the full review
SGD 250	1 day	SGD 0.00	0.749	USD 7,488	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	Compare	Show details	Details Minimum transfer amount SGD 250.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, ARS, AUD, AZN, BGN, BHD, BND, BRL, CAD, CHF, CLP, CNY, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KRW, KWD, LKR, MAD, MGA, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, RUB, SAR, SBD, SCR, SEK, SGD, THB, TOP, TRY, TWD, TZS, USD, VEF, VND, VUV, WST, XOF, XPF, YER, ZAR Go to site Read the full review
SGD 2,000	1 day	SGD 0.00	0.749	USD 7,488	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	Compare	Show details	Details Minimum transfer amount SGD 2,000.00 Transfer methods Online, Phone, Agent Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AUD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, ILS, JPY, NOK, NZD, PLN, SEK, SGD, THB, TRY, USD, ZAR Go to site Read the full review
SGD 1	Same day	SGD 3.99	0.748	USD 7,481	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	Compare	Show details	Details Minimum transfer amount SGD 1.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options One off payments Customer service Phone, Email Available currencies AED, ALL, AMD, ANG, AOA, ARS, AUD, BAM, BBD, BDT, BGN, BHD, BIF, BOB, BRL, BWP, CAD, CDF, CLP, CNY, COP, CRC, CVE, CZK, DKK, DOP, EGP, ETB, EUR, FJD, GBP, GEL, GHS, GMD, GNF, GTQ, HKD, HRK, HTG, HUF, IDR, ILS, INR, ISK, JMD, JOD, KES, KGS, KHR, KMF, KRW, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, MAD, MDL, MGA, MRO, MVR, MWK, MXN, MYR, MZN, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PHP, PKR, PLN, PYG, QAR, RON, RUB, RWF, SCR, SEK, SGD, SLL, SRD, THB, TJS, TND, TOP, TRY, TZS, UAH, UGX, USD, UYU, VND, WST, XAF, XCD, XOF, YER, ZAR, ZMW, ZWD, BYN Go to site Read the full review
SGD 250	1 day	SGD 0.00	0.749	USD 7,488	SendFX guarantees to match any competitor's exchange rate. T&Cs apply. SendFX has fee-free transfers in 30+ currencies to over 200 countries.	Go to site	Compare	Show details	Details Minimum transfer amount SGD 250.00 Transfer methods Online, Bank Account to Bank Account Transfer options Regular payments, One off payments, Forward contracts Customer service Phone, Email Available currencies AED, AUD, BGN, BHD, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HUF, ILS, INR, JPY, KES, KWD, MXN, NOK, NZD, OMR, PHP, PLN, QAR, RON, SAR, SEK, SGD, THB, TRY, USD, YER, ZAR, CHE Go to site Read the full review
SGD 1	1 - 2 days	SGD 45.00	0.752	USD 7,484	TransferWise uses the mid-market rate and transparent fees to help you send money in 45+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount SGD 1.00 Transfer methods Online Transfer options One off payments Customer service Phone, Email Available currencies AED, ARS, AUD, BDT, BGN, BRL, BWP, CAD, CHF, CLP, CNY, COP, CRC, CZK, DKK, EGP, EUR, GBP, GEL, GHS, HKD, HRK, HUF, IDR, ILS, INR, JPY, KES, KRW, LKR, MAD, MXN, MYR, NGN, NOK, NPR, NZD, PEN, PHP, PKR, PLN, RON, RUB, SEK, SGD, THB, TRY, TZS, UAH, UGX, USD, UYU, VND, XOF, ZAR, ZMW Go to site Read the full review
SGD 5	1 - 2 days	SGD 3.00	0.748	USD 7,475	Special offer: Zero fees on your first 10 transfers. CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.	Go to site	Compare	Show details	Details Minimum transfer amount SGD 5.00 Transfer methods Online Transfer options One off payments Customer service Phone, Email Available currencies AED, AUD, CAD, CHF, CLP, CZK, DKK, EUR, GBP, HKD, HUF, IDR, ILS, INR, NOK, NZD, PAB, PHP, PLN, SEK, SGD, THB, USD, YER, ZAR Go to site Read the full review
SGD 1	1 day	SGD 43.00	0.752	USD 7,486	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.	Go to site	Compare	Show details	Details Minimum transfer amount SGD 1.00 Transfer methods Online, Bank Account to Bank Account, Cash Transfer Transfer options One off payments Customer service Phone, Email Available currencies AUD, BDT, CAD, CNY, EUR, GBP, HKD, IDR, INR, JPY, KRW, LKR, MYR, NPR, NZD, PHP, PKR, SGD, THB, USD, VND Go to site Read the full review
SGD 200	2 days	SGD 50.00	0.746	USD 7,420	InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies.	Go to site	Compare	Show details	Details Minimum transfer amount SGD 200.00 Transfer methods Online, Phone Transfer options N/A Customer service Phone, Chat, Email Available currencies ARS, AUD, BDT, CAD, CLP, CNY, COP, CZK, DKK, EUR, GBP, HKD, HUF, IDR, INR, KRW, LKR, MXN, MYR, NOK, NPR, PEN, PHP, PLN, SEK, SGD, THB, USD, VND, YER Go to site Read the full review

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.

Thank you for your feedback!

Zyane Tan

Zyane Tan is an associate editor at Finder. An experienced copywriter and content creator, Zyane enjoys writing on a wide array of subjects. When she’s not busy typing away, she’s reading and musing over a pint.

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Maybank exchange rates

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

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