Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From MYMalaysia you can also send money to

Sending money from MALAYSIA to NEPAL

Data collected on: Nov 04, 2024-Nov 25, 2024
MYR | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (MYR)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.28
0.24
Percentage difference between market reference rate 30.67 and exchange rate charged 30.60
0.24
1.881.88
11.473.76
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8.002.62
0.91
Percentage difference between market reference rate 30.83 and exchange rate charged 30.55
0.91
2.222.22
13.544.44
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8.002.62
0.91
Percentage difference between market reference rate 30.83 and exchange rate charged 30.55
0.91
2.222.22
13.544.44
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Low
8.002.62
0.91
Percentage difference between market reference rate 30.83 and exchange rate charged 30.55
0.91
2.222.22
13.544.44
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
8.002.62
0.91
Percentage difference between market reference rate 30.83 and exchange rate charged 30.55
0.91
2.222.22
13.544.44
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
10.003.28
0.69
Percentage difference between market reference rate 30.81 and exchange rate charged 30.60
0.69
2.332.33
14.214.66
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.003.28
0.70
Percentage difference between market reference rate 30.26 and exchange rate charged 30.05
0.70
2.342.34
14.274.68
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
10.003.28
0.70
Percentage difference between market reference rate 30.26 and exchange rate charged 30.05
0.70
2.342.34
14.274.68
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.001.64
1.53
Percentage difference between market reference rate 30.26 and exchange rate charged 29.80
1.53
2.352.35
14.344.70
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
12.003.93
0.93
Percentage difference between market reference rate 30.84 and exchange rate charged 30.55
0.93
2.902.90
17.695.80
Merchantrade Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.003.93
0.93
Percentage difference between market reference rate 30.89 and exchange rate charged 30.60
0.93
2.902.90
17.695.80
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
0.000.00
4.75
Percentage difference between market reference rate 30.64 and exchange rate charged 29.18
4.75
4.754.75
28.989.50
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
0.000.00
4.75
Percentage difference between market reference rate 30.64 and exchange rate charged 29.18
4.75
4.754.75
28.989.50
Prabhu Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.003.28
5.37
Percentage difference between market reference rate 30.86 and exchange rate charged 29.20
5.37
7.017.01
42.7614.02
Total Average Fourth Quarter 2024
3.033.03
Total Average Third Quarter 2024
3.683.68
Total Average
Fee
7.932.60
Exchange Rate Margin (%)
1.731.73
Total Cost Percent (%)
3.033.03
Total Cost (MYR) Total Cost (USD)
18.496.06
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Next day
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.003.92
0.24
Percentage difference between market reference rate 30.67 and exchange rate charged 30.60
0.24
1.021.02
15.615.10
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
8.002.61
0.91
Percentage difference between market reference rate 30.83 and exchange rate charged 30.55
0.91
1.431.43
21.887.15
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
8.002.61
0.91
Percentage difference between market reference rate 30.83 and exchange rate charged 30.55
0.91
1.431.43
21.887.15
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Low
8.002.61
0.91
Percentage difference between market reference rate 30.83 and exchange rate charged 30.55
0.91
1.431.43
21.887.15
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
8.002.61
0.91
Percentage difference between market reference rate 30.83 and exchange rate charged 30.55
0.91
1.431.43
21.887.15
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
12.003.92
0.69
Percentage difference between market reference rate 30.81 and exchange rate charged 30.60
0.69
1.471.47
22.497.35
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.003.92
0.70
Percentage difference between market reference rate 30.26 and exchange rate charged 30.05
0.70
1.481.48
22.647.40
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
12.003.92
0.70
Percentage difference between market reference rate 30.26 and exchange rate charged 30.05
0.70
1.481.48
22.647.40
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
12.003.92
0.93
Percentage difference between market reference rate 30.84 and exchange rate charged 30.55
0.93
1.711.71
26.168.55
Merchantrade Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.003.92
0.93
Percentage difference between market reference rate 30.89 and exchange rate charged 30.60
0.93
1.711.71
26.168.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
10.003.27
1.53
Percentage difference between market reference rate 30.26 and exchange rate charged 29.80
1.53
2.182.18
33.3510.90
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
0.000.00
4.75
Percentage difference between market reference rate 30.64 and exchange rate charged 29.18
4.75
4.754.75
72.6823.75
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
0.000.00
4.75
Percentage difference between market reference rate 30.64 and exchange rate charged 29.18
4.75
4.754.75
72.6823.75
Prabhu Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.003.27
5.37
Percentage difference between market reference rate 30.86 and exchange rate charged 29.20
5.37
6.026.02
92.1130.10
Total Average Fourth Quarter 2024
2.312.31
Total Average Third Quarter 2024
2.922.92
Total Average
Fee
8.862.89
Exchange Rate Margin (%)
1.731.73
Total Cost Percent (%)
2.312.31
Total Cost (MYR) Total Cost (USD)
35.2911.53
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Next day
Bank account Cash Mobile wallet