Remittance Prices Worldwide

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Sending money from MALAYSIA to CHINA

Data collected on: Feb 07, 2020
MYR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
Bank of China
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
30.009.84
1.45
Percentage difference between market reference rate 1.69 and exchange rate charged 1.67
1.45
6.376.37
38.8612.74
BFC Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
35.0011.48
1.75
Percentage difference between market reference rate 1.69 and exchange rate charged 1.66
1.75
7.487.48
45.6314.96
BFC Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
35.0011.48
1.75
Percentage difference between market reference rate 1.69 and exchange rate charged 1.66
1.75
7.487.48
45.6314.96
HLB (Hong Leong Bank)
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
0.110.04
3.52
Percentage difference between market reference rate 1.69 and exchange rate charged 1.63
3.52
3.543.54
21.597.08
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
40.0013.11
1.60
Percentage difference between market reference rate 0.24 and exchange rate charged 0.24
1.60
8.168.16
49.7816.32
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
35.0011.48
1.27
Percentage difference between market reference rate 0.24 and exchange rate charged 0.24
1.27
7.007.00
42.7014.00
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
30.009.84
1.15
Percentage difference between market reference rate 1.69 and exchange rate charged 1.67
1.15
6.076.07
37.0312.14
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
32.0010.49
4.11
Percentage difference between market reference rate 1.69 and exchange rate charged 1.62
4.11
9.369.36
57.1018.72
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
0.990.32
4.11
Percentage difference between market reference rate 1.69 and exchange rate charged 1.62
4.11
4.284.28
26.118.56
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
0.990.32
1.15
Percentage difference between market reference rate 1.69 and exchange rate charged 1.67
1.15
1.321.32
8.052.64
Total Average First Quarter
6.116.11
Total Average Fourth Quarter 2019
5.725.72
Total Average
Fee
23.917.84
Exchange Rate Margin (%)
2.192.19
Total Cost Percent (%)
6.116.11
Total Cost (MYR) Total Cost (USD)
37.2512.21
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Bank of China
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
30.009.80
1.45
Percentage difference between market reference rate 1.69 and exchange rate charged 1.67
1.45
3.413.41
52.1717.05
BFC Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
60.0019.61
1.75
Percentage difference between market reference rate 1.69 and exchange rate charged 1.66
1.75
5.675.67
86.7528.35
BFC Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
60.0019.61
1.75
Percentage difference between market reference rate 1.69 and exchange rate charged 1.66
1.75
5.675.67
86.7528.35
HLB (Hong Leong Bank)
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
0.110.04
3.52
Percentage difference between market reference rate 1.69 and exchange rate charged 1.63
3.52
3.533.53
54.0117.65
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
40.0013.07
1.60
Percentage difference between market reference rate 0.24 and exchange rate charged 0.24
1.60
4.214.21
64.4121.05
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
60.0019.61
1.27
Percentage difference between market reference rate 0.24 and exchange rate charged 0.24
1.27
5.195.19
79.4125.95
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
30.009.80
1.15
Percentage difference between market reference rate 1.69 and exchange rate charged 1.67
1.15
3.113.11
47.5815.55
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
32.0010.46
4.11
Percentage difference between market reference rate 1.69 and exchange rate charged 1.62
4.11
6.206.20
94.8631.00
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.001.63
4.11
Percentage difference between market reference rate 1.69 and exchange rate charged 1.62
4.11
4.444.44
67.9322.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
0.990.32
1.15
Percentage difference between market reference rate 1.69 and exchange rate charged 1.67
1.15
1.221.22
18.676.10
Total Average First Quarter
4.274.27
Total Average Fourth Quarter 2019
4.084.08
Total Average
Fee
31.8110.40
Exchange Rate Margin (%)
2.192.19
Total Cost Percent (%)
4.274.27
Total Cost (MYR) Total Cost (USD)
65.2521.32
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day 2 days
Bank account Cash