Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From MYMalaysia you can also send money to

Sending money from MALAYSIA to MYANMAR

Data collected on: Jun 02, 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.
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
5.001.64
5.38
Percentage difference between market reference rate 399.27 and exchange rate charged 377.78
5.38
6.206.20
37.8212.40
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.001.64
6.69
Percentage difference between market reference rate 399.27 and exchange rate charged 372.54
6.69
7.517.51
45.8115.02
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
14.004.59
1.22
Percentage difference between market reference rate 399.27 and exchange rate charged 394.38
1.22
3.523.52
21.477.04
Total Average Second Quarter
5.745.74
Total Average First Quarter
3.873.87
Total Average
Fee
8.002.62
Exchange Rate Margin (%)
4.434.43
Total Cost Percent (%)
5.745.74
Total Cost (MYR) Total Cost (USD)
35.0311.49
Non-Transparent records
Bank account transfer Cash
Less than one hour
Cash
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
14.004.58
1.22
Percentage difference between market reference rate 399.27 and exchange rate charged 394.38
1.22
2.142.14
32.7410.70
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
10.003.27
5.38
Percentage difference between market reference rate 399.27 and exchange rate charged 377.78
5.38
6.046.04
92.4130.20
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.27
6.69
Percentage difference between market reference rate 399.27 and exchange rate charged 372.54
6.69
7.357.35
112.4636.75
Total Average Second Quarter
5.185.18
Total Average First Quarter
2.592.59
Total Average
Fee
11.333.70
Exchange Rate Margin (%)
4.434.43
Total Cost Percent (%)
5.185.18
Total Cost (MYR) Total Cost (USD)
79.2025.88
Non-Transparent records
Bank account transfer Cash
Less than one hour
Cash