Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From MYMalaysia you can also send money to

Sending money from MALAYSIA to MYANMAR

Data collected on: Aug 17, 2022-Aug 31, 2022
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
Agent
High
5.001.64
0.84
Percentage difference between market reference rate 470.27 and exchange rate charged 466.30
0.84
1.661.66
10.133.32
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
12.003.93
0.61
Percentage difference between market reference rate 467.86 and exchange rate charged 465.00
0.61
2.582.58
15.745.16
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.001.64
1.92
Percentage difference between market reference rate 470.27 and exchange rate charged 461.22
1.92
2.742.74
16.715.48
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
12.003.93
0.90
Percentage difference between market reference rate 469.22 and exchange rate charged 465.00
0.90
2.872.87
17.515.74
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
14.004.59
0.90
Percentage difference between market reference rate 469.22 and exchange rate charged 465.00
0.90
3.193.19
19.466.38
Total Average Third Quarter 2022
2.612.61
Total Average Second Quarter 2022
2.322.32
Total Average
Fee
9.603.15
Exchange Rate Margin (%)
1.031.03
Total Cost Percent (%)
2.612.61
Total Cost (MYR) Total Cost (USD)
15.915.22
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour
Cash
Payment instrument
Access point
Sending network coverage
Receiving method
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
12.003.92
0.61
Percentage difference between market reference rate 467.86 and exchange rate charged 465.00
0.61
1.401.40
21.427.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
10.003.27
0.84
Percentage difference between market reference rate 470.27 and exchange rate charged 466.30
0.84
1.501.50
22.957.50
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
12.003.92
0.90
Percentage difference between market reference rate 469.22 and exchange rate charged 465.00
0.90
1.681.68
25.708.40
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
14.004.58
0.90
Percentage difference between market reference rate 469.22 and exchange rate charged 465.00
0.90
1.811.81
27.699.05
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.27
1.92
Percentage difference between market reference rate 470.27 and exchange rate charged 461.22
1.92
2.582.58
39.4712.90
Total Average Third Quarter 2022
1.791.79
Total Average Second Quarter 2022
1.501.50
Total Average
Fee
11.603.79
Exchange Rate Margin (%)
1.031.03
Total Cost Percent (%)
1.791.79
Total Cost (MYR) Total Cost (USD)
27.458.97
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour
Cash