We save you time and money when transferring money to Malaysia by comparing providers to help you get the Best Service, Rates and Fees.
Sending money to Malaysia can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfer to Malaysia can be very expensive – often 5% to 10% worse than using a foreign exchange specialist to send to a Malaysian bank account or pay a ringgit invoice.
We make it easy to save money by making these fees and exchange rates easier to see and compare.
When choosing a provider to send money to Malaysia finding the best currency rate is generally everyone’s number one factor. Other important criteria to also consider are transfer speed, delivery options (bank transfer or cash pickup), customer service, mobile apps and extra fees.
You can read more about Currency Transfer and Travel Tips for Malaysia in our Malaysia FX guide.
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Malaysian ringgit current value is to look the MYR performance against a range of other currencies over various time periods.
The following table looks at the performance of the MYR exchange rate against other currencies over time periods from the previous 2 days back to the last 5 years.