Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From MYMalaysia you can also send money to
Transfer money

Sending money from MALAYSIA to MYANMAR

Data collected on: Aug 23, 2024-Sep 03, 2024
MYR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
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.
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
12.003.93
Exchange rate margin (%)
25.24
Percentage difference between market reference rate 1,280.00 and exchange rate charged 956.9825.24
Total cost (%)
27.2127.21
Total cost (MYR)sort descendingTotal cost (USD)sort descending
165.9854.42
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
12.003.93
Exchange rate margin (%)
25.78
Percentage difference between market reference rate 1,280.00 and exchange rate charged 950.0025.78
Total cost (%)
27.7527.75
Total cost (MYR)sort descendingTotal cost (USD)sort descending
169.2855.50
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
12.003.93
Exchange rate margin (%)
25.78
Percentage difference between market reference rate 1,280.00 and exchange rate charged 950.0025.78
Total cost (%)
27.7527.75
Total cost (MYR)sort descendingTotal cost (USD)sort descending
169.2855.50
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
12.003.93
Exchange rate margin (%)
25.78
Percentage difference between market reference rate 1,280.00 and exchange rate charged 950.0025.78
Total cost (%)
27.7527.75
Total cost (MYR)sort descendingTotal cost (USD)sort descending
169.2855.50
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.003.93
Exchange rate margin (%)
26.13
Percentage difference between market reference rate 1,280.00 and exchange rate charged 945.5826.13
Total cost (%)
28.1028.10
Total cost (MYR)sort descendingTotal cost (USD)sort descending
171.4156.20
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.001.64
Exchange rate margin (%)
27.29
Percentage difference between market reference rate 1,280.00 and exchange rate charged 930.6927.29
Total cost (%)
28.1128.11
Total cost (MYR)sort descendingTotal cost (USD)sort descending
171.4756.22
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
12.003.93
Exchange rate margin (%)
26.33
Percentage difference between market reference rate 1,280.00 and exchange rate charged 943.0026.33
Total cost (%)
28.3028.30
Total cost (MYR)sort descendingTotal cost (USD)sort descending
172.6356.60
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
12.003.93
Exchange rate margin (%)
26.33
Percentage difference between market reference rate 1,280.00 and exchange rate charged 943.0026.33
Total cost (%)
28.3028.30
Total cost (MYR)sort descendingTotal cost (USD)sort descending
172.6356.60
Firm
E-remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.003.93
Exchange rate margin (%)
27.66
Percentage difference between market reference rate 1,280.00 and exchange rate charged 926.0027.66
Total cost (%)
29.6329.63
Total cost (MYR)sort descendingTotal cost (USD)sort descending
180.7459.26
Firm
E-remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.003.93
Exchange rate margin (%)
27.73
Percentage difference between market reference rate 1,280.00 and exchange rate charged 925.0027.73
Total cost (%)
29.7029.70
Total cost (MYR)sort descendingTotal cost (USD)sort descending
181.1759.40
Total Average Third Quarter 2024
28.2628.26
Total Average Second Quarter 2024
16.3116.31
Total Average
Fee
11.303.70
Exchange Rate Margin (%)
26.4126.41
Total Cost Percent (%)
28.2628.26
Total Cost (MYR) Total Cost (USD)
172.3956.52
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Next day
Bank account Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (MYR)sort descendingTotal cost (USD)sort descending
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
12.003.92
Exchange rate margin (%)
25.24
Percentage difference between market reference rate 1,280.00 and exchange rate charged 956.9825.24
Total cost (%)
26.0226.02
Total cost (MYR)sort descendingTotal cost (USD)sort descending
398.11130.10
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
12.003.92
Exchange rate margin (%)
25.78
Percentage difference between market reference rate 1,280.00 and exchange rate charged 950.0025.78
Total cost (%)
26.5626.56
Total cost (MYR)sort descendingTotal cost (USD)sort descending
406.37132.80
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
12.003.92
Exchange rate margin (%)
25.78
Percentage difference between market reference rate 1,280.00 and exchange rate charged 950.0025.78
Total cost (%)
26.5626.56
Total cost (MYR)sort descendingTotal cost (USD)sort descending
406.37132.80
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
12.003.92
Exchange rate margin (%)
25.78
Percentage difference between market reference rate 1,280.00 and exchange rate charged 950.0025.78
Total cost (%)
26.5626.56
Total cost (MYR)sort descendingTotal cost (USD)sort descending
406.37132.80
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
12.003.92
Exchange rate margin (%)
26.33
Percentage difference between market reference rate 1,280.00 and exchange rate charged 943.0026.33
Total cost (%)
27.1127.11
Total cost (MYR)sort descendingTotal cost (USD)sort descending
414.78135.55
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
12.003.92
Exchange rate margin (%)
26.33
Percentage difference between market reference rate 1,280.00 and exchange rate charged 943.0026.33
Total cost (%)
27.1127.11
Total cost (MYR)sort descendingTotal cost (USD)sort descending
414.78135.55
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
20.006.54
Exchange rate margin (%)
26.13
Percentage difference between market reference rate 1,280.00 and exchange rate charged 945.5826.13
Total cost (%)
27.4427.44
Total cost (MYR)sort descendingTotal cost (USD)sort descending
419.83137.20
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.003.27
Exchange rate margin (%)
27.29
Percentage difference between market reference rate 1,280.00 and exchange rate charged 930.6927.29
Total cost (%)
27.9427.94
Total cost (MYR)sort descendingTotal cost (USD)sort descending
427.48139.70
Firm
E-remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.003.92
Exchange rate margin (%)
27.66
Percentage difference between market reference rate 1,280.00 and exchange rate charged 926.0027.66
Total cost (%)
28.4428.44
Total cost (MYR)sort descendingTotal cost (USD)sort descending
435.13142.20
Firm
E-remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.003.92
Exchange rate margin (%)
27.73
Percentage difference between market reference rate 1,280.00 and exchange rate charged 925.0027.73
Total cost (%)
28.5128.51
Total cost (MYR)sort descendingTotal cost (USD)sort descending
436.20142.55
Total Average Third Quarter 2024
27.2327.23
Total Average Second Quarter 2024
15.3215.32
Total Average
Fee
12.604.12
Exchange Rate Margin (%)
26.4126.41
Total Cost Percent (%)
27.2327.23
Total Cost (MYR) Total Cost (USD)
416.54136.12
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Next day
Bank account Cash Mobile wallet
Least Costly Corridors To Myanmar
Least Costly Corridors From Malaysia
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