Remittance Prices Worldwide

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From MYMalaysia you can also send money to

Sending money from MALAYSIA to CHINA

Data collected on: Nov 21, 2023-Nov 30, 2023
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 (%)sort descending
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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
10.103.31
0.00
Percentage difference between market reference rate 1.53 and exchange rate charged 1.53
0.00
1.661.66
10.133.32
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
5.001.64
0.55
Percentage difference between market reference rate 1.53 and exchange rate charged 1.52
0.55
1.371.37
8.362.74
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
20.006.56
0.72
Percentage difference between market reference rate 1.53 and exchange rate charged 1.52
0.72
4.004.00
24.408.00
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
20.006.56
0.74
Percentage difference between market reference rate 1.53 and exchange rate charged 1.52
0.74
4.024.02
24.528.04
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
20.006.56
0.86
Percentage difference between market reference rate 1.53 and exchange rate charged 1.52
0.86
4.144.14
25.258.28
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
20.006.56
0.86
Percentage difference between market reference rate 1.53 and exchange rate charged 1.52
0.86
4.144.14
25.258.28
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
5.001.64
0.95
Percentage difference between market reference rate 1.53 and exchange rate charged 1.52
0.95
1.771.77
10.803.54
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
30.009.84
0.99
Percentage difference between market reference rate 1.53 and exchange rate charged 1.51
0.99
5.915.91
36.0511.82
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.001.64
1.04
Percentage difference between market reference rate 1.53 and exchange rate charged 1.52
1.04
1.861.86
11.353.72
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.001.64
1.04
Percentage difference between market reference rate 1.53 and exchange rate charged 1.52
1.04
1.861.86
11.353.72
Bank of China
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
30.009.84
2.05
Percentage difference between market reference rate 1.53 and exchange rate charged 1.50
2.05
6.976.97
42.5213.94
HLB SuperRemit
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
20.006.56
2.17
Percentage difference between market reference rate 1.53 and exchange rate charged 1.50
2.17
5.455.45
33.2510.90
HLB (Hong Leong Bank)
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
20.006.56
2.99
Percentage difference between market reference rate 1.54 and exchange rate charged 1.49
2.99
6.276.27
38.2512.54
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
5.001.64
4.55
Percentage difference between market reference rate 1.53 and exchange rate charged 1.46
4.55
5.375.37
32.7610.74
Total Average Fourth Quarter 2023
3.913.91
Total Average Third Quarter 2023
3.103.10
Total Average
Fee
15.365.04
Exchange Rate Margin (%)
1.391.39
Total Cost Percent (%)
3.913.91
Total Cost (MYR) Total Cost (USD)
23.877.83
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Next day 3-5 days
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
5.001.63
0.55
Percentage difference between market reference rate 1.53 and exchange rate charged 1.52
0.55
0.880.88
13.464.40
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
22.137.23
0.00
Percentage difference between market reference rate 1.53 and exchange rate charged 1.53
0.00
1.451.45
22.197.25
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.003.27
0.95
Percentage difference between market reference rate 1.53 and exchange rate charged 1.52
0.95
1.601.60
24.488.00
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.001.63
1.04
Percentage difference between market reference rate 1.53 and exchange rate charged 1.52
1.04
1.371.37
20.966.85
WorldRemit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.001.63
1.04
Percentage difference between market reference rate 1.53 and exchange rate charged 1.52
1.04
1.371.37
20.966.85
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
20.006.54
0.72
Percentage difference between market reference rate 1.53 and exchange rate charged 1.52
0.72
2.032.03
31.0610.15
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
25.008.17
0.74
Percentage difference between market reference rate 1.53 and exchange rate charged 1.52
0.74
2.372.37
36.2611.85
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
20.006.54
0.86
Percentage difference between market reference rate 1.53 and exchange rate charged 1.52
0.86
2.172.17
33.2010.85
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
20.006.54
0.86
Percentage difference between market reference rate 1.53 and exchange rate charged 1.52
0.86
2.172.17
33.2010.85
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
High
10.003.27
4.55
Percentage difference between market reference rate 1.53 and exchange rate charged 1.46
4.55
5.205.20
79.5626.00
HLB SuperRemit
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
High
20.006.54
2.17
Percentage difference between market reference rate 1.53 and exchange rate charged 1.50
2.17
3.483.48
53.2417.40
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
30.009.80
0.99
Percentage difference between market reference rate 1.53 and exchange rate charged 1.51
0.99
2.952.95
45.1414.75
HLB (Hong Leong Bank)
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
20.006.54
2.99
Percentage difference between market reference rate 1.54 and exchange rate charged 1.49
2.99
4.304.30
65.7921.50
Bank of China
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
30.009.80
2.05
Percentage difference between market reference rate 1.53 and exchange rate charged 1.50
2.05
4.014.01
61.3520.05
Total Average Fourth Quarter 2023
2.532.53
Total Average Third Quarter 2023
1.971.97
Total Average
Fee
17.305.65
Exchange Rate Margin (%)
1.391.39
Total Cost Percent (%)
2.532.53
Total Cost (MYR) Total Cost (USD)
38.6312.62
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Next day 3-5 days
Bank account Cash Mobile wallet