Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From MYMalaysia you can also send money to

Sending money from MALAYSIA to NEPAL

Data collected on: Mar 25, 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)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.
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
5.001.64
1.28
Percentage difference between market reference rate 28.22 and exchange rate charged 27.86
1.28
2.092.09
12.754.18
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
5.001.64
1.88
Percentage difference between market reference rate 28.22 and exchange rate charged 27.69
1.88
2.702.70
16.475.40
Merchantrade Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.28
1.49
Percentage difference between market reference rate 28.22 and exchange rate charged 27.80
1.49
3.133.13
19.096.26
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.003.93
1.38
Percentage difference between market reference rate 28.22 and exchange rate charged 27.83
1.38
3.353.35
20.446.70
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
12.003.93
1.38
Percentage difference between market reference rate 28.22 and exchange rate charged 27.83
1.38
3.353.35
20.446.70
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
12.003.93
1.49
Percentage difference between market reference rate 28.22 and exchange rate charged 27.80
1.49
3.463.46
21.116.92
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
12.003.93
1.49
Percentage difference between market reference rate 28.22 and exchange rate charged 27.80
1.49
3.463.46
21.116.92
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
12.003.93
1.49
Percentage difference between market reference rate 28.22 and exchange rate charged 27.80
1.49
3.463.46
21.116.92
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
12.003.93
1.49
Percentage difference between market reference rate 28.22 and exchange rate charged 27.80
1.49
3.463.46
21.116.92
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
17.145.62
0.67
Percentage difference between market reference rate 28.22 and exchange rate charged 28.03
0.67
3.483.48
21.236.96
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.004.92
1.88
Percentage difference between market reference rate 28.22 and exchange rate charged 27.69
1.88
4.344.34
26.478.68
Total Average First Quarter
3.303.30
Total Average Fourth Quarter 2020
3.803.80
Total Average
Fee
11.293.70
Exchange Rate Margin (%)
1.451.45
Total Cost Percent (%)
3.303.30
Total Cost (MYR) Total Cost (USD)
20.126.60
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
High
10.003.27
1.28
Percentage difference between market reference rate 28.22 and exchange rate charged 27.86
1.28
1.931.93
29.539.65
Merchantrade Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.27
1.49
Percentage difference between market reference rate 28.22 and exchange rate charged 27.80
1.49
2.142.14
32.7410.70
MoneyGram
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
12.003.92
1.38
Percentage difference between market reference rate 28.22 and exchange rate charged 27.83
1.38
2.172.17
33.2010.85
Tik FX
Firm type: Bank
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Agent
High
12.003.92
1.38
Percentage difference between market reference rate 28.22 and exchange rate charged 27.83
1.38
2.172.17
33.2010.85
E-remit
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Agent
Medium
12.003.92
1.49
Percentage difference between market reference rate 28.22 and exchange rate charged 27.80
1.49
2.272.27
34.7311.35
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
Medium
Receiving method
Agent
High
12.003.92
1.49
Percentage difference between market reference rate 28.22 and exchange rate charged 27.80
1.49
2.272.27
34.7311.35
ValYou
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
12.003.92
1.49
Percentage difference between market reference rate 28.22 and exchange rate charged 27.80
1.49
2.272.27
34.7311.35
Wise
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
Medium
Receiving method
Medium
25.168.22
0.67
Percentage difference between market reference rate 28.22 and exchange rate charged 28.03
0.67
2.322.32
35.5011.60
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
10.003.27
1.88
Percentage difference between market reference rate 28.22 and exchange rate charged 27.69
1.88
2.532.53
38.7112.65
IME (International Money Express)
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
Medium
18.005.88
1.49
Percentage difference between market reference rate 28.22 and exchange rate charged 27.80
1.49
2.662.66
40.7013.30
Western Union
Firm type: Money Transfer Operator
Payment instrument
Access point
Agent
Sending network coverage
High
Receiving method
Agent
High
15.004.90
1.88
Percentage difference between market reference rate 28.22 and exchange rate charged 27.69
1.88
2.862.86
43.7614.30
Total Average First Quarter
2.332.33
Total Average Fourth Quarter 2020
2.842.84
Total Average
Fee
13.474.40
Exchange Rate Margin (%)
1.451.45
Total Cost Percent (%)
2.332.33
Total Cost (MYR) Total Cost (USD)
35.5911.63
Non-Transparent records
Bank account transfer Debit/credit card Cash
Less than one hour Same day Next day
Bank account Cash