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Frequently Asked Questions (FAQs) MYR-EUR

How will I find the best Malaysian Ringgit to euro exchange rate today in Spain? Abrir Respuesta

Cambiator is a currency exchange comparison service that helps you sell your Malaysian Ringgits for euros at the best exchange rate each day in Spain. Our aim is for you to save when exchanging currency for your stay in Spain, and also if you travel abroad and want to buy Malaysian Ringgits with euros.

To receive the best MYR-EUR exchange rate today, select the foreign currency you want to change, type in the amount in Malaysian Ringgits you want to change to euros and choose your city in order to get the nearest currency exchange office.

As a rule, you will find the best foreign exchange prices with us rather than directly at your bank or currency supplier because we have negotiated rates.

Is there a ceiling of Malaysian Ringgits that I can change from an online supplier in Spain when I change Malaysian Ringgits to euros? Abrir Respuesta

The most common amount of the average tourist who sells Malaysian Ringgits to Euros is the equivalent in euros to seven hundred €, which is a quantity that falls within the limits of the currency suppliers that operate with travelers in Spain.

The higher the quantity in euros of your Malaysian Ringgits to change, the larger the probability that you will be required to prove your professional activity data in addition to your ID card or passport.

Where can I change ringgits MYR in exchange for euros during my holidays in Spain today? Abrir Respuesta

Citizens only remember their bank when change ringgits MYR to euros. Yet Cambiator recommends that you weigh in the alternative of foreign exchange suppliers. And this is because virtually all Spanish banks impose on you a fixed fee of 3% (with a minimum of between 6 and 10 euros) as well as a margin on the ringgits MYR that you change with them in exchange for euros.

On the other hand, the foreign exchange suppliers that proclaim no commission are more interesting to your wallet since they do not impose on you this fee.

We compare always for you the Malaysian Ringgit to euro foreign exchange rates in your city so that you can go for the option that best suits you.

Must I provide any kind of identity card to do a MYR-EUR currency exchange? Abrir Respuesta

Generally speaking, if you change ringgits MYR to euros at your bank office, they will already know you and you will only have to identify yourself as a customer of that bank.

When you change ringgits MYR to euros at a currency provider´s branch, on the street or at the airport, you will have to provide an updated and valid identity document (resident´s ID card (DNI or NIE) or passport in Spain). Take into account that your driver's license is not accepted as a valid ID when changing ringgits MYR to Euros.

I have previously changed Euros to ringgits, what can I do if I have remaining ringgits on my way back from a holiday? Abrir Respuesta

Upon return to Spain, you can change your exceeding currency, only banknotes, never loose coins, (ringgits in this caseat your bank or your closest travel money supplier.

Check the MYR-EUR prices firstly and make a comparison on Cambiator to find out the most interesting supplier. If you go to your bank, bear in mind that your bank will impose on you, once again, a fee close to 3% with a minimum of six to nine Euros (the largest of the two).

Is it recommendable to make an online reservation of ringgits MYR for euros in Spain? Abrir Respuesta

The economical ringgits MYR to euro rates are generally obtained when you sell them online to collect them from from an agency of a currency provider around you.

As regards to Spanish banks, the majority offer online booking. Some of them have a website allowing you to reserve online and pick-up your euros some days later. Nevertheless the MYR-EUR price you will have to pay will be, that of the day you collect them, not that of the day you reserved the ringgits MYR to euro change.

When is the best moment to sell ringgits MYR to euros in Spain? Abrir Respuesta

As the rates of currencies change all the time with respect to each other, there is no best time to sell foreign currency (in this case ringgits MYR) for euros in Spain.

It is recommended to understand how the economy of your country evolves in comparison of that of Spain. Generally, when the economy of your country is hard, its local currency tends to depreciate with respect to the euro. This means that for the same ringgits MYR you will get less euros.

Cambiator displays the buy price of ringgits MYR to euros, sorted from cheapest to least, so that you can decide where to sell ringgits MYR.

Where to change and where not to sell ringgits to euros in Spain Abrir Respuesta

Where you are never interested in making a Malaysian Ringgit to euro currency exchange is at the airport. As with the bottle of water at very high prices, the airport manager and the airport currency provider, divide the benefits of your exchange at the airport. Have in mind that, the more participants that intervene in the currency exchange game the higher the prices to apply to travelers.

Practically all banks in Spain apply to you a 3% commission, with a minimum (whichever is higher) amount between 6 and 10 euros.

How does the MYR to EUR currency exchange work? Abrir Respuesta

Currency exchange is an activity like many others: there are individuals who sell and buy currencies like the Malaysian Ringgit in exchange for euros to/from a retail company (the one that sells/buys from us ringgits MYR).

If they do not stock enough number of ringgits MYR, they adquire those ringgits MYR from a wholesaler company. The gap between what they have paid for the ringgits MYR and what they charge you when you demand them is the profit margin they get.

However, in this currency exchange business, it may happen that the bank or currency provider will not obtain the notes from an intermediary, but alternatively buys them from a consumer flying to to Spain with ringgits MYR.

In this case, in addition to making a margin for buying the Malaysian Ringgit banknotes from this individual, they impose on you another margin when they offer you the currency. Double win!

Is it safe to change ringgits to euros online in Spain? Abrir Respuesta

In Spain, holiday money suppliers and some banks are beginning to offer online currency exchange services to their customers when you sell ringgits to euros online.

You just have to place a Malaysian Ringgit to euro booking. Then choose a branch of the provider where to pick the euros from. And the day you will go to the chosen outlet.

Bear in mind that prices vary each day so it will be optimal to order online the same day you will head to the outlet.

Other popular currencies

Best rate of the day (change currency to euros)

1 USD = 0.904 EUR
1 GBP = 1.145 EUR
Czech Koruna
1 CZK = 0.037 EUR
Turkish Lira
1 TRY = 0.027 EUR
Swedish Krona
1 SEK = 0.078 EUR
Norwegian Krone
1 NOK = 0.072 EUR
Australian Dollar
1 AUD = 0.578 EUR
Canadian Dollar
1 CAD = 0.653 EUR
Brazilian Reals
1 BRL = 0.172 EUR
Colombian Pesos
1 COP = 0 EUR
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