Remittance Prices Worldwide

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Sending money from MALAYSIA to INDIA

Data collected on: Feb 07, 2020
MYR | USD
Payment instrument
Access point
Sending network coverage
Receiving method
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.28
2.55
Percentage difference between market reference rate 17.23 and exchange rate charged 16.79
2.55
4.194.19
25.568.38
Akbar Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
11.003.61
0.23
Percentage difference between market reference rate 17.23 and exchange rate charged 17.19
0.23
2.042.04
12.444.08
MoneyMatch Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
8.002.62
0.00
Percentage difference between market reference rate 17.23 and exchange rate charged 17.23
0.00
1.311.31
7.992.62
BFC Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
10.003.28
1.04
Percentage difference between market reference rate 17.23 and exchange rate charged 17.05
1.04
2.682.68
16.355.36
Prabhu Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.003.28
0.52
Percentage difference between market reference rate 17.23 and exchange rate charged 17.14
0.52
2.162.16
13.184.32
BFC Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
10.003.28
1.04
Percentage difference between market reference rate 17.23 and exchange rate charged 17.05
1.04
2.682.68
16.355.36
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
12.003.93
0.81
Percentage difference between market reference rate 17.23 and exchange rate charged 17.09
0.81
2.782.78
16.965.56
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
12.003.93
0.75
Percentage difference between market reference rate 17.23 and exchange rate charged 17.10
0.75
2.722.72
16.595.44
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.003.28
0.52
Percentage difference between market reference rate 17.23 and exchange rate charged 17.14
0.52
2.162.16
13.184.32
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
0.75
Percentage difference between market reference rate 17.23 and exchange rate charged 17.10
0.75
1.571.57
9.583.14
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.003.28
0.52
Percentage difference between market reference rate 17.23 and exchange rate charged 17.14
0.52
2.162.16
13.184.32
India International Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
10.003.28
0.41
Percentage difference between market reference rate 17.23 and exchange rate charged 17.16
0.41
2.052.05
12.514.10
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.28
0.64
Percentage difference between market reference rate 17.23 and exchange rate charged 17.12
0.64
2.282.28
13.914.56
KL Remit Xchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
5.001.64
0.46
Percentage difference between market reference rate 17.23 and exchange rate charged 17.15
0.46
1.281.28
7.812.56
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
0.990.32
0.64
Percentage difference between market reference rate 17.23 and exchange rate charged 17.12
0.64
0.800.80
4.881.60
Max Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
10.003.28
1.39
Percentage difference between market reference rate 17.23 and exchange rate charged 16.99
1.39
3.033.03
18.486.06
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
0.990.32
0.52
Percentage difference between market reference rate 17.23 and exchange rate charged 17.14
0.52
0.680.68
4.151.36
maybank2U
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.003.28
2.79
Percentage difference between market reference rate 17.23 and exchange rate charged 16.75
2.79
4.434.43
27.028.86
Xpress Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.003.93
1.16
Percentage difference between market reference rate 17.23 and exchange rate charged 17.03
1.16
3.133.13
19.096.26
Merchantrade Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
10.003.28
0.46
Percentage difference between market reference rate 17.23 and exchange rate charged 17.15
0.46
2.102.10
12.814.20
Total Average First Quarter
2.312.31
Total Average Fourth Quarter 2019
3.113.11
Total Average
Fee
8.852.90
Exchange Rate Margin (%)
0.860.86
Total Cost Percent (%)
2.312.31
Total Cost (MYR) Total Cost (USD)
14.104.62
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 2 days
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
0.00
Percentage difference between market reference rate 17.23 and exchange rate charged 17.23
0.00
0.520.52
7.962.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
0.990.32
0.52
Percentage difference between market reference rate 17.23 and exchange rate charged 17.14
0.52
0.590.59
9.032.95
KL Remit Xchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
5.001.63
0.46
Percentage difference between market reference rate 17.23 and exchange rate charged 17.15
0.46
0.790.79
12.093.95
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.001.63
0.64
Percentage difference between market reference rate 17.23 and exchange rate charged 17.12
0.64
0.970.97
14.844.85
India International Bank
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
10.003.27
0.41
Percentage difference between market reference rate 17.23 and exchange rate charged 17.16
0.41
1.061.06
16.225.30
Akbar Money Changer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
13.004.25
0.23
Percentage difference between market reference rate 17.23 and exchange rate charged 17.19
0.23
1.081.08
16.525.40
Merchantrade Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
10.003.27
0.46
Percentage difference between market reference rate 17.23 and exchange rate charged 17.15
0.46
1.121.12
17.145.60
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.003.27
0.52
Percentage difference between market reference rate 17.23 and exchange rate charged 17.14
0.52
1.181.18
18.055.90
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
10.003.27
0.52
Percentage difference between market reference rate 17.23 and exchange rate charged 17.14
0.52
1.181.18
18.055.90
Prabhu Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
11.003.59
0.52
Percentage difference between market reference rate 17.23 and exchange rate charged 17.14
0.52
1.241.24
18.976.20
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
0.75
Percentage difference between market reference rate 17.23 and exchange rate charged 17.10
0.75
1.281.28
19.586.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.27
0.64
Percentage difference between market reference rate 17.23 and exchange rate charged 17.12
0.64
1.291.29
19.746.45
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
12.003.92
0.75
Percentage difference between market reference rate 17.23 and exchange rate charged 17.10
0.75
1.541.54
23.567.70
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
12.003.92
0.81
Percentage difference between market reference rate 17.23 and exchange rate charged 17.09
0.81
1.601.60
24.488.00
BFC Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
Agent
High
10.003.27
1.04
Percentage difference between market reference rate 17.23 and exchange rate charged 17.05
1.04
1.701.70
26.018.50
BFC Exchange
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent, Internet
Sending network coverage
High
Receiving method
High
10.003.27
1.04
Percentage difference between market reference rate 17.23 and exchange rate charged 17.05
1.04
1.701.70
26.018.50
Xpress Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
13.004.25
1.16
Percentage difference between market reference rate 17.23 and exchange rate charged 17.03
1.16
2.012.01
30.7510.05
Max Money
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
10.003.27
1.39
Percentage difference between market reference rate 17.23 and exchange rate charged 16.99
1.39
2.052.05
31.3710.25
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.003.92
2.55
Percentage difference between market reference rate 17.23 and exchange rate charged 16.79
2.55
3.343.34
51.1016.70
maybank2U
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
High
10.003.27
2.79
Percentage difference between market reference rate 17.23 and exchange rate charged 16.75
2.79
3.443.44
52.6317.20
Total Average First Quarter
1.481.48
Total Average Fourth Quarter 2019
2.302.30
Total Average
Fee
9.503.10
Exchange Rate Margin (%)
0.860.86
Total Cost Percent (%)
1.481.48
Total Cost (MYR) Total Cost (USD)
22.717.42
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day 2 days
Bank account Cash Own/partner bank account