Remittance Prices Worldwide

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Sending money from MALAYSIA to CHINA

Data collected on: May 27, 2021-Jun 14, 2021
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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
HLB (Hong Leong Bank)
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
20.006.56
3.06
Percentage difference between market reference rate 1.56 and exchange rate charged 1.51
3.06
6.346.34
38.6712.68
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
40.0013.11
1.97
Percentage difference between market reference rate 1.55 and exchange rate charged 1.52
1.97
8.528.52
51.9717.04
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
35.0011.48
1.01
Percentage difference between market reference rate 0.24 and exchange rate charged 0.24
1.01
6.756.75
41.1813.50
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.001.64
4.72
Percentage difference between market reference rate 1.55 and exchange rate charged 1.48
4.72
5.545.54
33.7911.08
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 1.55 and exchange rate charged 1.54
0.84
1.661.66
10.133.32
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
30.009.84
1.43
Percentage difference between market reference rate 1.55 and exchange rate charged 1.53
1.43
6.356.35
38.7412.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.001.64
0.84
Percentage difference between market reference rate 1.55 and exchange rate charged 1.54
0.84
1.661.66
10.133.32
Bank of China
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
32.0010.49
1.70
Percentage difference between market reference rate 1.54 and exchange rate charged 1.51
1.70
6.956.95
42.4013.90
Total Average Second Quarter
5.475.47
Total Average First Quarter
5.285.28
Total Average
Fee
21.507.05
Exchange Rate Margin (%)
1.951.95
Total Cost Percent (%)
5.475.47
Total Cost (MYR) Total Cost (USD)
33.3810.94
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
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
5.001.63
0.84
Percentage difference between market reference rate 1.55 and exchange rate charged 1.54
0.84
1.161.16
17.755.80
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 1.55 and exchange rate charged 1.54
0.84
1.491.49
22.807.45
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
30.009.80
1.43
Percentage difference between market reference rate 1.55 and exchange rate charged 1.53
1.43
3.393.39
51.8716.95
Bank of China
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
32.0010.46
1.70
Percentage difference between market reference rate 1.54 and exchange rate charged 1.51
1.70
3.793.79
57.9918.95
HLB (Hong Leong Bank)
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
20.006.54
3.06
Percentage difference between market reference rate 1.56 and exchange rate charged 1.51
3.06
4.374.37
66.8621.85
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
40.0013.07
1.97
Percentage difference between market reference rate 1.55 and exchange rate charged 1.52
1.97
4.584.58
70.0722.90
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
60.0019.61
1.01
Percentage difference between market reference rate 0.24 and exchange rate charged 0.24
1.01
4.934.93
75.4324.65
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.27
4.72
Percentage difference between market reference rate 1.55 and exchange rate charged 1.48
4.72
5.385.38
82.3126.90
Total Average Second Quarter
3.643.64
Total Average First Quarter
3.653.65
Total Average
Fee
25.888.46
Exchange Rate Margin (%)
1.951.95
Total Cost Percent (%)
3.643.64
Total Cost (MYR) Total Cost (USD)
55.6418.18
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Same day
Bank account Cash Mobile wallet