Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From MYMalaysia you can also send money to

Sending money from MALAYSIA to MYANMAR

Data collected on: Feb 21, 2023-Mar 13, 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 (%)
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.
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
5.001.64
1.71
Percentage difference between market reference rate 647.92 and exchange rate charged 636.86
1.71
2.532.53
15.435.06
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
10.003.28
1.07
Percentage difference between market reference rate 647.92 and exchange rate charged 641.00
1.07
2.712.71
16.535.42
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Low
10.003.28
1.22
Percentage difference between market reference rate 647.92 and exchange rate charged 640.00
1.22
2.862.86
17.455.72
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
10.003.28
1.22
Percentage difference between market reference rate 647.92 and exchange rate charged 640.00
1.22
2.862.86
17.455.72
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
10.003.28
1.22
Percentage difference between market reference rate 647.92 and exchange rate charged 640.00
1.22
2.862.86
17.455.72
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.28
1.22
Percentage difference between market reference rate 647.92 and exchange rate charged 640.00
1.22
2.862.86
17.455.72
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
12.003.93
1.07
Percentage difference between market reference rate 647.92 and exchange rate charged 641.00
1.07
3.043.04
18.546.08
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
12.003.93
1.22
Percentage difference between market reference rate 647.92 and exchange rate charged 640.00
1.22
3.193.19
19.466.38
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
14.004.59
1.22
Percentage difference between market reference rate 647.92 and exchange rate charged 640.00
1.22
3.523.52
21.477.04
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.001.64
2.78
Percentage difference between market reference rate 647.92 and exchange rate charged 629.93
2.78
3.603.60
21.967.20
Total Average First Quarter
3.003.00
Total Average Fourth Quarter 2022
3.313.31
Total Average
Fee
9.803.21
Exchange Rate Margin (%)
1.401.40
Total Cost Percent (%)
3.003.00
Total Cost (MYR) Total Cost (USD)
18.326.01
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Same day
Bank account Cash Mobile wallet
Payment instrument
Access point
Sending network coverage
Receiving method
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Low
10.003.27
1.07
Percentage difference between market reference rate 647.92 and exchange rate charged 641.00
1.07
1.721.72
26.328.60
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
12.003.92
1.07
Percentage difference between market reference rate 647.92 and exchange rate charged 641.00
1.07
1.851.85
28.319.25
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Low
10.003.27
1.22
Percentage difference between market reference rate 647.92 and exchange rate charged 640.00
1.22
1.871.87
28.619.35
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Medium
10.003.27
1.22
Percentage difference between market reference rate 647.92 and exchange rate charged 640.00
1.22
1.871.87
28.619.35
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
10.003.27
1.22
Percentage difference between market reference rate 647.92 and exchange rate charged 640.00
1.22
1.871.87
28.619.35
Ria
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.27
1.22
Percentage difference between market reference rate 647.92 and exchange rate charged 640.00
1.22
1.871.87
28.619.35
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
12.003.92
1.22
Percentage difference between market reference rate 647.92 and exchange rate charged 640.00
1.22
2.002.00
30.6010.00
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
14.004.58
1.22
Percentage difference between market reference rate 647.92 and exchange rate charged 640.00
1.22
2.142.14
32.7410.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.003.27
1.71
Percentage difference between market reference rate 647.92 and exchange rate charged 636.86
1.71
2.362.36
36.1111.80
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.27
2.78
Percentage difference between market reference rate 647.92 and exchange rate charged 629.93
2.78
3.433.43
52.4817.15
Total Average First Quarter
2.102.10
Total Average Fourth Quarter 2022
2.162.16
Total Average
Fee
10.803.53
Exchange Rate Margin (%)
1.401.40
Total Cost Percent (%)
2.102.10
Total Cost (MYR) Total Cost (USD)
32.1010.49
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Same day
Bank account Cash Mobile wallet