Currency
Buy
Sell
USD
3507
3517
EUR
3890
3901
SGD
2700
2708
THB
106.50
106.80
MYR
814
816
Rate
4,150 MMK
Effective on16/09/2024
*Rate shown is indicative only and subject to change without notice.
CNY
497.30
498
For Global Transaction Banking, we provide trade finance as well as worldwide payment services including Western Union and telegraphic transfer service, foreign currency account, foreign exchange services, etc.
MAB offers foreign exchange service in accordance with the rules and regulations of the Central Bank Myanmar. Customers can exchange the designated foreign currencies against the Myanmar kyat and or against each other at our exchange counter in our following branches during the banking hours (9:30 am – 3:00 pm). Tourists, study abroad students, importers and exporters, foreigners can use our foreign exchange service widely.
MAB offers foreign exchange service in accordance with the rules and regulations of the Central Bank Myanmar. Customers can exchange the designated foreign currencies against the Myanmar kyat and or against each other at our exchange counter in our following branches during the banking hours (9:30 am – 3:00 pm). Tourists, study abroad students, importers and exporters, those leaving for the meeting at the invitation of foreign government organizations, pilgrims leave and foreigners can use our foreign exchange service widely.
Minimum Purchasing Amount – USD 300
Maximum Purchasing Amount – USD 500
Foreign Exchange Counters
MAB is participating in the Foreign Currency Online Trading Platform which is collaborated by Central Bank of Myanmar and Local AD Licensed Banks.
Moreover, please be informed that the average selling price in USD for trade-related activities from the central bank is 3,517 as of 13rd September 2024.
Check here for your reference: [https://www.cbm.gov.mm/]
Please make contact MAB (Foreign Exchange Counter) University Avenue Branch No – 20, University Avenue, Shwe Taung Kyar No (1) Ward, Bahan, Yangon, Myanmar. T: +95 (1) 8605041 for further information.
Foreign Currency Accounts can be used to transfer funds and facilitate domestic and international payments such as
Whether it is trade with Singapore, Indonesia, Malaysia, Thailand, China or any other country, our team of trade specialists with a complete suite of products covering Imports, Exports, L/Cs, Guarantees and Collection services as well as payment products, provide our clients with the tools to optimize the opportunities and stay ahead of the competition.
To assist our customers to import goods from overseas, we are able either on our own or through our well connected oversea correspondents to issue Letter of Credit on behalf of our customers worldwide.
A very fast, safe and reliable way of transferring money between two persons or entities anywhere in the world through use of MAB’s wide correspondent relationship and the SWIFT network. This service make you a lot easier to pay your annual school fees and others expenses for your study life in very short time.
Sending money to beneficiaries outside Myanmar from your MAB account.
To receive money worldwide through our well connected oversea correspondents to your MAB Account.
In collaboration with Western Union, MAB is servicing incoming and outgoing international remittances. Now, you can receive and send Money around the world in minutes at MAB branches throughout Myanmar.
In doing business, organization or business unit at times requires bank guarantee to fulfill a contract. MAB is ready to provide this service. To comply with rules and regulations of the Central Bank of Myanmar, normally 100% deposit is required.
1. Bank Guarantee Form
2. Trust Receipt Form
3. LC Application Form
4. Documentary Collection Remittance Form
5. TT Remittance Application Form