Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From MYMalaysia you can also send money to

Sending money from MALAYSIA to INDIA

Data collected on: Oct 29, 2020
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.
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
5.001.64
0.95
Percentage difference between market reference rate 17.87 and exchange rate charged 17.70
0.95
1.771.77
10.803.54
MoneyMatch Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
8.002.62
0.61
Percentage difference between market reference rate 17.87 and exchange rate charged 17.76
0.61
1.931.93
11.773.86
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.001.64
1.29
Percentage difference between market reference rate 17.87 and exchange rate charged 17.64
1.29
2.112.11
12.874.22
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
5.001.64
1.40
Percentage difference between market reference rate 17.87 and exchange rate charged 17.62
1.40
2.222.22
13.544.44
KL Remit Xchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.003.28
1.23
Percentage difference between market reference rate 17.87 and exchange rate charged 17.65
1.23
2.872.87
17.515.74
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
12.003.93
0.95
Percentage difference between market reference rate 17.87 and exchange rate charged 17.70
0.95
2.922.92
17.815.84
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.28
1.29
Percentage difference between market reference rate 17.87 and exchange rate charged 17.64
1.29
2.932.93
17.875.86
Merchantrade Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
10.003.28
1.40
Percentage difference between market reference rate 17.87 and exchange rate charged 17.62
1.40
3.043.04
18.546.08
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
12.003.93
1.73
Percentage difference between market reference rate 17.87 and exchange rate charged 17.56
1.73
3.703.70
22.577.40
Max Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
10.003.28
2.35
Percentage difference between market reference rate 17.87 and exchange rate charged 17.45
2.35
3.993.99
24.347.98
Prabhu Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.003.28
2.63
Percentage difference between market reference rate 17.87 and exchange rate charged 17.40
2.63
4.274.27
26.058.54
India International Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
10.003.28
2.63
Percentage difference between market reference rate 17.87 and exchange rate charged 17.40
2.63
4.274.27
26.058.54
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.003.28
2.63
Percentage difference between market reference rate 17.87 and exchange rate charged 17.40
2.63
4.274.27
26.058.54
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.003.28
2.63
Percentage difference between market reference rate 17.87 and exchange rate charged 17.40
2.63
4.274.27
26.058.54
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.28
2.74
Percentage difference between market reference rate 17.87 and exchange rate charged 17.38
2.74
4.384.38
26.728.76
maybank2U
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.003.28
4.36
Percentage difference between market reference rate 17.87 and exchange rate charged 17.09
4.36
6.006.00
36.6012.00
Total Average Fourth Quarter 2020
3.433.43
Total Average Third Quarter 2020
2.772.77
Total Average
Fee
9.193.01
Exchange Rate Margin (%)
1.931.93
Total Cost Percent (%)
3.433.43
Total Cost (MYR) Total Cost (USD)
20.956.87
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day
Bank account Cash Own/partner bank account
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyMatch Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
8.002.61
0.61
Percentage difference between market reference rate 17.87 and exchange rate charged 17.76
0.61
1.141.14
17.445.70
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
8.002.61
0.95
Percentage difference between market reference rate 17.87 and exchange rate charged 17.70
0.95
1.471.47
22.497.35
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
12.003.92
0.95
Percentage difference between market reference rate 17.87 and exchange rate charged 17.70
0.95
1.731.73
26.478.65
KL Remit Xchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.003.27
1.23
Percentage difference between market reference rate 17.87 and exchange rate charged 17.65
1.23
1.881.88
28.769.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.27
1.29
Percentage difference between market reference rate 17.87 and exchange rate charged 17.64
1.29
1.941.94
29.689.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.27
1.29
Percentage difference between market reference rate 17.87 and exchange rate charged 17.64
1.29
1.941.94
29.689.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
10.003.27
1.40
Percentage difference between market reference rate 17.87 and exchange rate charged 17.62
1.40
2.052.05
31.3710.25
Merchantrade Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
10.003.27
1.40
Percentage difference between market reference rate 17.87 and exchange rate charged 17.62
1.40
2.052.05
31.3710.25
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
12.003.92
1.73
Percentage difference between market reference rate 17.87 and exchange rate charged 17.56
1.73
2.522.52
38.5612.60
Max Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
10.003.27
2.35
Percentage difference between market reference rate 17.87 and exchange rate charged 17.45
2.35
3.003.00
45.9015.00
India International Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
10.003.27
2.63
Percentage difference between market reference rate 17.87 and exchange rate charged 17.40
2.63
3.283.28
50.1816.40
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.003.27
2.63
Percentage difference between market reference rate 17.87 and exchange rate charged 17.40
2.63
3.283.28
50.1816.40
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.003.27
2.63
Percentage difference between market reference rate 17.87 and exchange rate charged 17.40
2.63
3.283.28
50.1816.40
Prabhu Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
11.003.59
2.63
Percentage difference between market reference rate 17.87 and exchange rate charged 17.40
2.63
3.353.35
51.2616.75
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.003.92
2.74
Percentage difference between market reference rate 17.87 and exchange rate charged 17.38
2.74
3.533.53
54.0117.65
maybank2U
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.003.27
4.36
Percentage difference between market reference rate 17.87 and exchange rate charged 17.09
4.36
5.025.02
76.8125.10
Total Average Fourth Quarter 2020
2.592.59
Total Average Third Quarter 2020
1.921.92
Total Average
Fee
10.193.33
Exchange Rate Margin (%)
1.931.93
Total Cost Percent (%)
2.592.59
Total Cost (MYR) Total Cost (USD)
39.6512.96
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day
Bank account Cash Own/partner bank account