Send money to Malaysia: Compare MYR rates by provider
WorldRemit
Rate 4.0690 · Fee free
You send
$1,000
Estimated receipt
RM4,069
RM140 more than the lowest estimate · 0.21% markup vs mid-market
Affiliate link · No extra cost to you
Quick answer: WorldRemit ranks first of 8 for 1,000 USD → MYR: 4,068.99 MYR estimated. 138.63 MYR separates first from last.
Latest pricing observation: . Oldest observation used: . Quotes are kept per USD→MYR pair, not per country, so confirm the provider sends from your country before you commit. Methodology.
What is the cheapest way to send USD to MYR?
Sending $1,000 to Malaysia, ranked by estimated payout.
Source: our collected quotes
WorldRemit
1-2 business days
Best valueRM4,068.99
recipient gets
TapTap Send
Under 3 minutes (95% of transfers)
Effectively tied · rated 4.7
RM4,060.02
recipient gets
TapTap Send
Effectively tied · rated 4.7
4.0600
Free
RM4,060.02
Send
InstaReM
1-3 business days
RM4,063.29
recipient gets
Wise
Instant
RM4,054.92
recipient gets
Wise
4.0792
$5.95
RM4,054.92
Send
XE Money Transfer
1-4 business days
RM4,048.20
recipient gets
Western Union
1 business day
RM4,028.22
recipient gets
Remitly
Minutes to 3-5 days
RM4,013.54
recipient gets
Regency FX
Same day may be available; confirm your route
Indicative estimate · not ranked
RM4,044.94
recipient gets
Regency FX
Indicative estimate · not ranked
4.0449
Free
RM4,044.94
SendEstimated payout difference: RM138.63 between first and last on $1,000.
Malaysia is both a significant remittance sender (from its large migrant worker population) and receiver, with inbound flows exceeding $1.8 billion annually. Bank Negara Malaysia (the central bank) oversees a modern financial system where DuitNow — the national real-time payment platform — enables instant transfers between banks and e-wallets. Maybank, CIMB, Public Bank, and RHB Bank dominate retail banking, and all support international SWIFT transfers. The ringgit (MYR) is a managed float currency with periodic intervention by Bank Negara.
- DuitNow enables real-time bank-to-bank and bank-to-e-wallet transfers across all Malaysian banks and is increasingly integrated with international providers.
- Maybank is Southeast Asia's largest bank by assets and Malaysia's top retail bank, handling a large share of inbound remittances.
- Touch 'n Go eWallet, GrabPay, and Boost are popular e-wallets, though bank deposit remains the primary method for international transfers.
- Malaysian bank accounts use standard 10–16 digit account numbers — IBAN is not used in Malaysia.
- Bank Negara Malaysia requires all incoming international transfers to be reported by the receiving bank for compliance purposes.
Which provider offers the best USD to MYR rate?
WorldRemit
4.1Exchange rate
4.0690
Fee
Free
Recipient gets
RM4,068.99
Speed
1-2 business days
Crypto & stablecoin routes for USD → MYR
Each is a fiat on-ramp → blockchain → local cash-out, not a one-tap transfer. All-in cost below.
HataBitcoin · LightningBeats mid-market
Strike → Lightning Network (BTC) → Hata (BTC) · ~1 second
4,089 MYR
0.83% rebate all-in
+
HataBitcoin · LightningBeats mid-market
Strike → Lightning Network (BTC) → Hata (BTC) · ~1 second
4,089 MYR
0.83% rebate all-in
- 1Strike USD→BTC: FREE
- 2Lightning Network network: 0.000001 BTC
- 3Hata (BTC): 0.03% spread
- 41 MYR withdrawal fee
Also routable via Lightning Network (BTC), XRP Ledger (XRP).
Source: Hata Public Orderbook API
Crypto rails involve exchange accounts, wallets, and price/liquidity risk. Costs are estimates from live exchange and network data, collected every 6 hours. Not financial advice.
Guides, fees & how it works
Which provider suits each USD→MYR transfer?
WorldRemit currently delivers the most MYR on this route, while TapTap Send is the fastest.
Cheapest transfer
WorldRemit
Delivers the most MYR for your money
Fastest transfer
TapTap Send
Delivers in Under 3 minutes (95% of transfers)
Cash pickup
WorldRemit
Widest cash pickup network
Bank transfer
WorldRemit
Best rate for bank deposit to Malaysia
What you need to send money to Malaysia
Full name
Recipient's full name as registered with their Malaysian bank account (must match IC/passport)
Bank account number
Malaysian bank account number (typically 10–16 digits depending on the bank)
Example: 1234567890123456
Bank name
Name of the recipient's bank (e.g. Maybank, CIMB, Public Bank)
SWIFT/BIC code
SWIFT code for international wire transfers
Note: Malaysia does not use the IBAN system. Bank account numbers vary in length by bank — Maybank uses 12 digits, CIMB uses 14 digits, and Public Bank uses 10 digits. Malaysia's DuitNow system allows transfers using IC number, mobile number, or business registration number.
Transfer examples: USD to MYR
Send $500
| Provider | Fee | Rate | Receives | Speed |
|---|---|---|---|---|
| Wise4.08 · Instant | $1.39 | 4.08 | RM2,034 | Instant |
| WorldRemit4.07 · 1-2 business days | Free | 4.07 | RM2,035 | 1-2 business days |
| TapTap Send4.06 · Under 3 minutes (95% of transfers) | Free | 4.06 | RM2,030 | Under 3 minutes (95% of transfers) |
| InstaReM4.06 · 1-3 business days | Free | 4.06 | RM2,032 | 1-3 business days |
| XE Money Transfer4.05 · 1-4 business days | Free | 4.05 | RM2,024 | 1-4 business days |
| Western Union4.03 · 1 business day | Free | 4.03 | RM2,014 | 1 business day |
Send $1,000
| Provider | Fee | Rate | Receives | Speed |
|---|---|---|---|---|
| WorldRemit4.07 · 1-2 business days | Free | 4.07 | RM4,069 | 1-2 business days |
| TapTap Send4.06 · Under 3 minutes (95% of transfers) | Free | 4.06 | RM4,060 | Under 3 minutes (95% of transfers) |
| InstaReM4.06 · 1-3 business days | Free | 4.06 | RM4,063 | 1-3 business days |
| Wise4.08 · Instant | $5.95 | 4.08 | RM4,055 | Instant |
| XE Money Transfer4.05 · 1-4 business days | Free | 4.05 | RM4,048 | 1-4 business days |
| Western Union4.03 · 1 business day | Free | 4.03 | RM4,028 | 1 business day |
Send $5,000
| Provider | Fee | Rate | Receives | Speed |
|---|---|---|---|---|
| Wise4.07 · Instant | $5.95 | 4.07 | RM20,341 | Instant |
| WorldRemit4.07 · 1-2 business days | Free | 4.07 | RM20,345 | 1-2 business days |
| InstaReM4.07 · 1-3 business days | Free | 4.07 | RM20,329 | 1-3 business days |
| TapTap Send4.06 · Under 3 minutes (95% of transfers) | Free | 4.06 | RM20,300 | Under 3 minutes (95% of transfers) |
| XE Money Transfer4.05 · 1-4 business days | Free | 4.05 | RM20,241 | 1-4 business days |
| Western Union4.03 · 1 business day | Free | 4.03 | RM20,141 | 1 business day |
How much does it cost to send money to Malaysia?
Of the 8 estimates we hold for $1,000 USD to MYR, 7 charge no transfer fee and 1 charge between $5.95 and $5.95. Their exchange rates sit 0.00% to 3.61% above the mid-market rate (median 0.72%), a spread worth 147 MYR on this amount.
A steady pair: just 4.3 points apart; today's "great" is typical. Best payout day TapTap Send (22 June 2026), worst Wise (4 May 2026).
Ways to send money to Malaysia
Bank deposit is the dominant method in Malaysia, which has a highly developed banking system. DuitNow (Malaysia's real-time payment platform) is modernizing transfers. E-wallets like GrabPay and Touch 'n Go are popular for smaller amounts.
How can my recipient receive money in Malaysia?
Bank Deposit
Direct transfer to any Malaysian bank account. The standard and most popular method.
GrabPay Wallet
Transfer to GrabPay e-wallet — Grab's popular Southeast Asian payment platform.
Touch 'n Go eWallet
Transfer to TNG eWallet — Malaysia's widely used contactless payment platform.
Cash Pickup
Collect cash from agent locations and post offices across Malaysia.
What are the transfer limits and regulations for Malaysia?
Regulatory body
Bank Negara Malaysia (BNM)
Inbound transfer limits
No cap on incoming remittances for personal transfers
Documentation you may need
- Sender's government-issued photo ID
- Recipient's MyKad (IC) or passport number may be needed
- Purpose of payment for transfers exceeding MYR 50,000
Important things to know
- Bank Negara Malaysia regulates all money service businesses and cross-border payments.
- Malaysia is both a major sender and receiver of remittances due to its large foreign worker population.
- The ringgit (MYR) is a managed float currency — BNM intervenes to prevent excessive volatility.
- DuitNow enables instant domestic transfers and is being expanded for cross-border ASEAN payments.
How long does it take to send money to Malaysia?
3 of the 9 providers quoting USD to MYR advertise delivery within minutes (TapTap Send, Wise, Remitly); 6 quote longer, such as WorldRemit at 1-2 business days on USD to MYR.
Provider-stated speeds for Malaysia, not our measurement.
- TapTap SendUnder 3 minutes (95% of transfers)
- WiseInstant
- RemitlyMinutes to 3-5 days
- WorldRemit1-2 business days
- InstaReM1-3 business days
- XE Money Transfer1-4 business days
- Western Union1 business day
- OFX2 days
Popular banks in Malaysia
SWIFT/BIC codes are shown where we could verify them; confirm the rest with the receiving bank.
Maybank
—
CIMB Bank
—
Public Bank Berhad
—
RHB Bank
—
Hong Leong Bank
—
AmBank
—
Typical time to send
SendScoreBest rate -0.05% vs the 30-day average, 56% up the 90-day range. Rates are falling — -0.14% week on week.
- 40%56% up the 90-day range
- 25%-0.05% vs the 30-day average
- 15%falling — -0.14% week on week
Who is usually cheapest here
TapTap Send delivered the most on 91 of the last 91 days it quoted here (100%); TapTap Send is today's best too.
- 100%TapTap Send — cheapest on 91 of 91 days it quoted
- 0%Wise — cheapest on 0 of 91 days it quoted
91 contested days of 91; single-quote days excluded for USD→MYR. See every corridor.
USD→MYR: 231 days of our recorded provider rates
USD to MYR Exchange Rate History
Per 100 USD sent, 231 days.
| Date | Wise | __mid Market__ | TapTap Send | Remitly | InstaReM |
|---|---|---|---|---|---|
| Trend | |||||
| Nov 12 | 4.0790✓ | 4.0790✓ | 4.0600 | — | — |
| Nov 11 | 4.0735 | 4.0743✓ | 4.0600 | — | — |
| Nov 10 | 4.0560 | 4.0560✓ | 4.0400 | — | — |
| Nov 9 | 4.0587 | 4.0600✓ | 4.0500 | — | — |
| Nov 8 | 4.0611 | 4.0611✓ | 4.0500 | — | — |
| Nov 7 | 4.0600 | 4.0637✓ | 4.0500 | — | — |
| Nov 6 | 4.0600✓ | 4.0600 | 4.0500 | — | — |
| Nov 5 | 4.0471 | 4.0479✓ | 4.0300 | — | — |
| Nov 4 | 4.0600 | 4.0722✓ | 4.0500 | — | — |
| Nov 3 | 4.0773✓ | 4.0773 | 4.0700 | — | — |
| Nov 2 | 4.0728 | 4.0728✓ | 4.0600 | — | — |
| Nov 1 | 4.0580 | 4.0600✓ | 4.0500 | — | — |
| Oct 31 | 4.0575 | 4.0583✓ | 4.0500 | — | — |
| Oct 30 | 4.0575 | 4.0575✓ | 4.0500 | — | — |
| Oct 29 | 4.0594 | 4.0639✓ | 4.0500 | — | — |
| Oct 28 | 4.0766 | 4.0828✓ | 4.0600 | — | — |
| Oct 27 | 4.0879✓ | 4.0879 | 4.0800 | — | — |
| Oct 26 | 4.0870✓ | 4.0870 | 4.0700 | — | — |
| Oct 25 | 4.0843 | 4.0859✓ | 4.0700 | — | — |
| Oct 24 | 4.0852 | 4.0856✓ | 4.0700 | — | — |
| Oct 23 | 4.0852✓ | 4.0852 | 4.0700 | — | — |
| Oct 22 | 4.0827 | 4.0827✓ | 4.0700 | — | — |
| Oct 21 | 4.0812 | 4.0816✓ | 4.0700 | — | — |
| Oct 20 | 4.0822 | 4.0830✓ | 4.0700 | — | — |
| Oct 19 | 4.0828 | 4.0829✓ | 4.0700 | — | — |
| Oct 18 | 4.0823✓ | 4.0823 | 4.0700 | — | — |
| Oct 17 | 4.0836 | 4.0840✓ | 4.0700 | — | — |
| Oct 16 | 4.0840✓ | 4.0840 | 4.0700 | — | — |
| Oct 15 | 4.0848✓ | 4.0848✓ | 4.0700 | — | — |
| Oct 14 | 4.0842 | 4.0842✓ | 4.0800 | — | — |
| Oct 13 | 4.0855 | 4.0900✓ | 4.0900✓ | — | — |
| Oct 12 | 4.0910✓ | 4.0910✓ | 4.0800 | — | — |
| Oct 11 | 4.0855 | 4.0900✓ | 4.0900✓ | — | — |
| Oct 10 | 4.0851 | 4.0900✓ | 4.0900✓ | — | — |
| Oct 9 | 4.0851 | 4.0900✓ | 4.0900✓ | — | — |
| Oct 8 | 4.0912 | 4.0912✓ | 4.0900 | — | — |
| Oct 7 | 4.0867 | 4.0900✓ | 4.0900✓ | — | — |
| Oct 6 | 4.0857 | 4.0900✓ | 4.0900✓ | — | — |
| Oct 5 | 4.0865 | 4.0900✓ | 4.0900✓ | — | — |
| Oct 4 | 4.0846 | 4.0854✓ | 4.0800 | — | — |
| Oct 3 | 4.0856 | 4.0856✓ | 4.0800 | — | — |
| Oct 2 | 4.0856 | 4.0856✓ | 4.0800 | — | — |
| Oct 1 | 4.0848 | 4.0869✓ | 4.0800 | — | — |
| Sep 30 | 4.0800 | 4.0808✓ | 4.0400 | — | — |
| Sep 29 | 4.0824 | 4.0832✓ | 4.0400 | — | — |
| Sep 28 | 4.0818✓ | 4.0818 | 4.0400 | — | — |
| Sep 27 | 4.0730 | 4.0746✓ | 4.0300 | — | — |
| Sep 26 | 4.0739 | 4.0743✓ | 4.0300 | — | — |
| Sep 25 | 4.0739 | 4.0780✓ | 4.0700 | — | — |
| Sep 24 | 4.0861 | 4.0900✓ | 4.0900✓ | — | — |
| Sep 23 | 4.0804✓ | 4.0804✓ | 4.0800 | — | — |
| Sep 22 | 4.0749 | 4.0800✓ | 4.0800✓ | — | — |
| Sep 21 | 4.0777 | 4.0800✓ | 4.0800✓ | — | — |
| Sep 20 | 4.0841✓ | 4.0841✓ | 4.0800 | — | — |
| Sep 19 | 4.0837✓ | 4.0837✓ | 4.0800 | — | — |
| Sep 18 | 4.0837✓ | 4.0837✓ | 4.0800 | — | — |
| Sep 17 | 4.0982 | 4.1000✓ | 4.1000✓ | — | — |
| Sep 16 | 4.0701✓ | 4.0700 | 4.0700 | — | — |
| Sep 15 | 4.0739 | 4.0751✓ | 4.0400 | — | — |
| Sep 14 | 4.0702✓ | 4.0702✓ | 4.0700 | — | — |
| Sep 13 | 4.0701✓ | 4.0701✓ | 4.0700 | — | — |
| Sep 12 | 4.0704✓ | 4.0704✓ | 4.0700 | — | — |
| Sep 11 | 4.0705 | 4.0750✓ | 4.0700 | — | — |
| Sep 10 | 4.0655 | 4.0700✓ | 4.0700✓ | — | — |
| Sep 9 | 4.0695 | 4.0700✓ | 4.0700✓ | — | — |
| Sep 8 | 4.0616✓ | 4.0616✓ | 4.0500 | — | — |
| Sep 7 | 4.0457 | 4.0500✓ | 4.0500✓ | — | — |
| Sep 6 | 4.0441✓ | 4.0441✓ | 4.0400 | — | — |
| Sep 5 | 4.0440✓ | 4.0440✓ | 4.0400 | — | — |
| Sep 4 | 4.0430 | 4.0434✓ | 4.0400 | — | — |
| Sep 3 | 4.0375✓ | 4.0375✓ | 4.0200 | — | — |
| Sep 2 | 4.0455✓ | 4.0455✓ | 4.0300 | — | — |
| Sep 1 | 4.0350✓ | 4.0350✓ | 4.0100 | — | — |
| Aug 31 | 4.0350✓ | 4.0350✓ | 4.0100 | — | — |
| Aug 30 | 4.0275✓ | 4.0275✓ | 4.0100 | — | — |
| Aug 29 | 4.0275✓ | 4.0275✓ | 4.0100 | — | — |
| Aug 28 | 4.0315✓ | 4.0315✓ | 4.0100 | — | — |
| Aug 27 | 4.0275 | 4.0279✓ | 4.0100 | — | — |
| Aug 26 | 4.0380✓ | 4.0380✓ | 4.0200 | — | — |
| Aug 25 | 4.0420✓ | 4.0420✓ | 4.0300 | — | — |
| Aug 24 | 4.0355✓ | 4.0355✓ | 4.0200 | — | — |
| Aug 23 | 4.0385 | 4.0389✓ | 4.0200 | — | — |
| Aug 22 | 4.0385✓ | 4.0385✓ | 4.0200 | — | — |
| Aug 21 | 4.0460 | 4.0464✓ | 4.0300 | — | — |
| Aug 20 | 4.0450✓ | 4.0450✓ | 4.0300 | — | — |
| Aug 19 | 4.0605✓ | 4.0605✓ | 4.0400 | — | — |
| Aug 18 | 4.0573✓ | 4.0573✓ | 4.0400 | — | — |
| Aug 17 | 4.0825 | 4.0850✓ | 4.0700 | — | — |
| Aug 16 | 4.0860 | 4.0864✓ | 4.0700 | — | — |
| Aug 15 | 4.0860✓ | 4.0860✓ | 4.0700 | — | — |
| Aug 14 | 4.0875✓ | 4.0875✓ | 4.0700 | — | — |
| Aug 13 | 4.0870 | 4.0874✓ | 4.0700 | — | — |
| Aug 12 | 4.0655 | 4.0921✓ | 4.0500 | — | — |
| Aug 11 | 4.0655 | 4.0937✓ | 4.0500 | — | — |
| Aug 10 | 4.0655 | 4.0880✓ | 4.0500 | — | — |
| Aug 9 | 4.0655 | 4.0900✓ | 4.0500 | — | — |
| Aug 8 | 4.0655 | 4.0909✓ | 4.0500 | — | — |
| Aug 7 | 4.0655 | 4.0921✓ | 4.0500 | — | — |
| Aug 6 | 4.0655 | 4.0880✓ | 4.0500 | — | — |
| Aug 5 | 4.0655 | 4.0905✓ | 4.0500 | — | — |
| Aug 4 | 4.0655 | 4.0962✓ | 4.0500 | — | — |
| Aug 3 | 4.0655 | 4.0913✓ | 4.0500 | — | — |
| Aug 2 | 4.0655 | 4.0863✓ | 4.0500 | — | — |
| Aug 1 | 4.0655 | 4.0855✓ | 4.0500 | — | — |
| Jul 31 | 4.0655 | 4.0909✓ | 4.0500 | — | — |
| Jul 30 | 4.0655 | 4.0859✓ | 4.0500 | — | — |
| Jul 29 | 4.0655 | 4.0880✓ | 4.0500 | — | — |
| Jul 28 | 4.0655 | 4.0851✓ | 4.0500 | — | — |
| Jul 27 | 4.0655 | 4.0843✓ | 4.0500 | — | — |
| Jul 26 | 4.0655 | 4.0905✓ | 4.0500 | — | — |
| Jul 25 | 4.0655 | 4.0905✓ | 4.0500 | — | — |
| Jul 24 | 4.0655 | 4.0937✓ | 4.0500 | — | — |
| Jul 23 | 4.0655 | 4.0868✓ | 4.0500 | — | — |
| Jul 22 | 4.0655 | 4.0942✓ | 4.0500 | — | — |
| Jul 21 | 4.0655 | 4.0909✓ | 4.0500 | — | — |
| Jul 20 | 4.0655 | 4.0876✓ | 4.0500 | — | — |
| Jul 19 | 4.0655 | 4.0962✓ | 4.0500 | — | — |
| Jul 18 | 4.0655 | 4.0958✓ | 4.0500 | — | — |
| Jul 17 | 4.0655 | 4.0806✓ | 4.0500 | — | — |
| Jul 16 | 4.0655 | 4.0745✓ | 4.0500 | — | — |
| Jul 15 | 4.0655 | 4.0696✓ | 4.0500 | — | — |
| Jul 14 | 4.0655 | 4.0798✓ | 4.0500 | — | — |
| Jul 13 | 4.0655 | 4.0818✓ | 4.0500 | — | — |
| Jul 12 | 4.0655 | 4.0700✓ | 4.0500 | — | — |
| Jul 11 | 4.0655 | 4.0700✓ | 4.0500 | — | — |
| Jul 10 | 4.0655 | 4.0667✓ | 4.0500 | — | — |
| Jul 9 | 4.0655 | 4.0806✓ | 4.0500 | — | — |
| Jul 8 | 4.0655 | 4.0769✓ | 4.0500 | — | — |
| Jul 7 | 4.0655 | 4.0761✓ | 4.0500 | — | — |
| Jul 6 | 4.0655 | 4.0773✓ | 4.0500 | — | — |
| Jul 5 | 4.0655 | 4.0708✓ | 4.0500 | — | — |
| Jul 4 | 4.0655 | 4.0712✓ | 4.0500 | — | — |
| Jul 3 | 4.0655 | 4.0692✓ | 4.0500 | — | — |
| Jul 2 | 4.0900✓ | 4.0900✓ | 4.0700 | — | — |
| Jul 1 | 4.0785 | 4.0793✓ | 4.0600 | — | — |
| Jun 30 | 4.0600✓ | 4.0600✓ | 4.0400 | — | — |
| Jun 29 | 4.0897✓ | 4.0897✓ | 4.0700 | — | — |
| Jun 28 | 4.0897✓ | 4.0897✓ | 4.0700 | — | — |
| Jun 27 | 4.0897✓ | 4.0897✓ | 4.0700 | — | — |
| Jun 26 | 4.1255✓ | 4.1255✓ | 4.1000 | — | — |
| Jun 25 | 4.1350 | 4.1354✓ | 4.1200 | — | — |
| Jun 24 | 4.1470✓ | 4.1470✓ | 4.1300 | — | — |
| Jun 23 | 4.1490✓ | 4.1490✓ | 4.1300 | — | — |
| Jun 22 | 4.1420✓ | 4.1420✓ | 4.1300 | — | — |
| Jun 21 | 4.1380✓ | 4.1380✓ | 4.1200 | — | — |
| Jun 20 | 4.1380 | 4.1384✓ | 4.1200 | — | — |
| Jun 19 | 4.1190✓ | 4.1190✓ | 4.0900 | — | — |
| Jun 18 | 4.0875✓ | 4.0875✓ | 4.0500 | — | — |
| Jun 17 | 4.0425 | 4.0437✓ | 4.0200 | — | — |
| Jun 16 | 4.0425 | 4.0437✓ | 4.0200 | — | — |
| Jun 15 | 4.0425 | 4.0437✓ | 4.0200 | — | — |
| Jun 14 | 4.0578✓ | 4.0578✓ | 4.0400 | — | — |
| Jun 13 | 4.0578✓ | 4.0578✓ | 4.0400 | — | — |
| Jun 12 | 4.0578✓ | 4.0578✓ | 4.0400 | — | — |
| Jun 11 | 4.0670 | 4.0678✓ | 4.0600 | — | — |
| Jun 10 | 4.0670 | 4.0678✓ | 4.0600 | — | — |
| Jun 9 | 4.0725✓ | 4.0725✓ | 4.0600 | — | — |
| Jun 8 | 4.0655✓ | 4.0655✓ | 4.0400 | — | — |
| Jun 7 | 4.0290 | 4.0300✓ | 4.0300✓ | — | — |
| Jun 6 | 4.0290 | 4.0300✓ | 4.0300✓ | — | — |
| Jun 5 | 4.0220✓ | 4.0220✓ | 4.0200 | — | — |
| Jun 4 | 3.9970 | 4.0000✓ | 4.0000✓ | — | — |
| Jun 3 | 3.9740 | 3.9744✓ | 3.9700 | — | — |
| Jun 2 | 3.9648✓ | 3.9648✓ | 3.9600 | — | — |
| Jun 1 | 3.9669 | 3.9700✓ | 3.9700✓ | — | — |
| May 31 | 3.9643 | 3.9700✓ | 3.9700✓ | — | — |
| May 30 | 3.9643 | 3.9700✓ | 3.9700✓ | — | — |
| May 29 | 3.9690 | 3.9700✓ | 3.9700✓ | — | — |
| May 28 | 3.9700✓ | 3.9700✓ | 3.9700✓ | — | — |
| May 27 | 3.9683 | 3.9700✓ | 3.9700✓ | — | — |
| May 26 | 3.9555✓ | 3.9555✓ | 3.9300 | — | — |
| May 25 | 3.9500✓ | 3.9500✓ | 3.9300 | — | — |
| May 24 | 3.9688✓ | 3.9688✓ | 3.9400 | — | — |
| May 23 | 3.9688✓ | 3.9688✓ | 3.9400 | — | — |
| May 22 | 3.9600✓ | 3.9600✓ | 3.9300 | — | — |
| May 21 | 3.9690✓ | 3.9690✓ | 3.9400 | — | — |
| May 20 | 3.9830✓ | 3.9830✓ | 3.9600 | — | — |
| May 19 | 3.9700✓ | 3.9700✓ | 3.9500 | — | — |
| May 18 | 3.9765 | 3.9769✓ | 3.9400 | — | — |
| May 17 | 3.9511 | 3.9551✓ | 3.9300 | — | — |
| May 16 | 3.9511✓ | 3.9511✓ | 3.9500 | — | — |
| May 15 | 3.9450 | 3.9478✓ | 3.9400 | — | — |
| May 14 | 3.9315✓ | 3.9315✓ | 3.9300 | — | — |
| May 13 | 3.9290✓ | 3.9290✓ | — | — | — |
| May 12 | 3.9320✓ | 3.9320✓ | — | — | — |
| May 11 | 3.9265 | 3.9269✓ | — | — | — |
| May 10 | 3.9208 | 3.9220✓ | — | — | — |
| May 9 | 3.9208✓ | 3.9208✓ | — | — | — |
| May 8 | 3.9150✓ | 3.9150✓ | — | — | — |
| May 7 | 3.9110✓ | 3.9110✓ | — | — | — |
| May 6 | 3.9525✓ | 3.9525✓ | — | — | — |
| May 5 | 3.9630 | 3.9634✓ | — | — | — |
| May 4 | 3.9585✓ | 3.9585✓ | — | — | — |
| May 3 | 3.9704 | 3.9708✓ | — | — | — |
| May 2 | 3.9704✓ | 3.9704✓ | — | — | — |
| May 1 | 3.9701✓ | 3.9701✓ | — | — | — |
| Apr 30 | 3.9615✓ | 3.9615✓ | — | — | — |
| Apr 29 | 3.9515✓ | 3.9515✓ | — | — | — |
| Apr 28 | 3.9510✓ | 3.9510✓ | — | — | — |
| Apr 27 | 3.9530✓ | 3.9530✓ | — | — | — |
| Apr 26 | 3.9655✓ | 3.9655✓ | — | — | — |
| Apr 25 | 3.9655✓ | 3.9655✓ | — | — | — |
| Apr 24 | 3.9715 | 3.9719✓ | — | — | — |
| Apr 23 | 3.9560✓ | 3.9560✓ | — | — | — |
| Apr 22 | 3.9565✓ | 3.9565✓ | — | — | — |
| Apr 21 | 3.9500✓ | 3.9500✓ | — | — | — |
| Apr 20 | 3.9520 | 3.9524✓ | — | — | — |
| Apr 19 | 3.9520 | 3.9528✓ | — | — | — |
| Apr 18 | 3.9520✓ | 3.9520✓ | — | — | — |
| Apr 17 | 3.9575✓ | 3.9575✓ | — | — | — |
| Apr 16 | 3.9525✓ | 3.9525✓ | — | — | — |
| Apr 15 | 3.9455✓ | 3.9455✓ | — | — | — |
| Apr 14 | 3.9535✓ | 3.9535✓ | — | — | — |
| Apr 13 | 3.9720✓ | 3.9720✓ | — | — | — |
| Apr 12 | 3.9653 | 3.9661✓ | — | — | — |
| Apr 11 | 3.9653 | 3.9693✓ | — | — | — |
| Apr 10 | 3.9735✓ | 3.9735✓ | — | — | — |
| Apr 9 | 3.9865✓ | 3.9865✓ | — | — | — |
| Apr 8 | 3.9960 | 3.9976✓ | — | — | — |
| Apr 7 | 4.0340✓ | 4.0340✓ | — | — | — |
| Apr 6 | 4.0275 | 4.0327✓ | — | — | — |
| Apr 5 | 4.0323✓ | 4.0323✓ | — | — | — |
| Apr 4 | 4.0323✓ | 4.0323✓ | — | — | — |
| Apr 3 | 4.0323 | 4.0347✓ | — | — | — |
| Apr 2 | 4.0398✓ | 4.0398✓ | — | — | — |
| Apr 1 | 4.0268 | 4.0349✓ | — | — | — |
| Mar 31 | 4.0498✓ | 4.0498✓ | — | — | — |
| Mar 30 | 4.0315✓ | 4.0315✓ | — | — | — |
| Mar 29 | 4.0131✓ | 4.0131✓ | — | — | — |
| Mar 28 | 4.0123 | 4.0131✓ | — | — | — |
| Mar 18 | 3.9115✓ | 3.9115✓ | — | 3.8831 | 3.8924 |
Frequently asked questions
Common questions about sending money to Malaysia
What is the cheapest way to send money to Malaysia?
Wise and InstaReM (Nium) consistently deliver the most MYR per dollar, pound, or Singapore dollar. Both use competitive mid-market-adjacent rates with transparent fees. Funding via bank transfer is cheapest. From Singapore (the largest corridor), InstaReM's regional expertise often provides a slight edge on the SGD/MYR rate.
How long does a money transfer to Malaysia take?
Providers using DuitNow-connected local rails can deliver to Malaysian bank accounts within hours or even minutes. Traditional SWIFT transfers take 1–2 business days. Cash pickup at Western Union agents is ready within an hour. Transfers from Singapore are typically fastest due to geographic proximity and banking relationships.
What is DuitNow and does it speed up international transfers?
DuitNow is Malaysia's national real-time payment platform, connecting all domestic banks and several e-wallets. Some international providers route their Malaysia-bound transfers through DuitNow rails, enabling same-day or even instant delivery. Ask your provider whether they use DuitNow for Malaysian payouts — it can significantly reduce settlement time.
What details do I need for a Malaysian bank transfer?
You need the recipient's full name (matching their bank account), bank name (Maybank, CIMB, Public Bank, RHB, etc.), and account number (typically 10–16 digits depending on the bank). Malaysia does not use IBAN. The SWIFT/BIC code is also helpful (e.g., CIBBMYKL for CIMB).
Can I send money to Touch 'n Go eWallet in Malaysia?
Direct international transfers to Touch 'n Go eWallet are not widely supported by remittance providers. The most reliable approach is to send to your recipient's Malaysian bank account, and they can then top up their Touch 'n Go, GrabPay, or Boost wallet domestically via DuitNow, which is instant and free.
Are there regulations on receiving money in Malaysia?
Bank Negara Malaysia requires all inbound transfers above MYR 50,000 to be reported with documentation of purpose. Personal remittances are not taxed. Malaysia's exchange control rules are relatively liberal — individuals can receive unlimited foreign currency, though banks may request supporting documents for very large amounts.
Which providers send money from Singapore to Malaysia?
The Singapore-to-Malaysia corridor is the largest for MYR remittances. InstaReM, Wise, SingX, and WorldRemit all offer competitive SGD/MYR rates. Many Malaysians working in Singapore use InstaReM or Wise for regular transfers home, benefiting from tight spreads on this high-volume corridor.
Can I pick up cash in Malaysia?
Western Union and MoneyGram have cash pickup locations across Malaysia, including inside major banks and dedicated money changer shops. However, with over 95% banking penetration, bank deposit is overwhelmingly the preferred delivery method in Malaysia. Cash pickup is mainly used by foreign workers without local bank accounts.
How does the ringgit exchange rate work?
The Malaysian ringgit operates under a managed float system — Bank Negara allows market forces to determine the rate but intervenes to prevent excessive volatility. MYR has been under pressure against the USD in recent years, trading around 4.4–4.7 per USD. Provider markups of 0.3–1.5% over the mid-market rate are typical.