Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From MYMalaysia you can also send money to
Transfer money

Sending money from MALAYSIA to MYANMAR

Data collected on: Nov 24, 2023-Dec 05, 2023
MYR | USD
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Disbursing network coverage
Fee
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.
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
5.001.64
Exchange rate margin (%)
5.91
Percentage difference between market reference rate 738.84 and exchange rate charged 695.185.91
Total cost (%)
6.736.73
Total cost (MYR)sort descendingTotal cost (USD)sort descending
41.0513.46
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
5.001.64
Exchange rate margin (%)
7.21
Percentage difference between market reference rate 738.84 and exchange rate charged 685.547.21
Total cost (%)
8.038.03
Total cost (MYR)sort descendingTotal cost (USD)sort descending
48.9816.06
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
12.003.93
Exchange rate margin (%)
6.88
Percentage difference between market reference rate 738.84 and exchange rate charged 688.006.88
Total cost (%)
8.858.85
Total cost (MYR)sort descendingTotal cost (USD)sort descending
53.9917.70
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
12.003.93
Exchange rate margin (%)
6.88
Percentage difference between market reference rate 738.84 and exchange rate charged 688.006.88
Total cost (%)
8.858.85
Total cost (MYR)sort descendingTotal cost (USD)sort descending
53.9917.70
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
12.003.93
Exchange rate margin (%)
6.88
Percentage difference between market reference rate 738.84 and exchange rate charged 688.006.88
Total cost (%)
8.858.85
Total cost (MYR)sort descendingTotal cost (USD)sort descending
53.9917.70
Firm
E-remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.003.93
Exchange rate margin (%)
9.59
Percentage difference between market reference rate 738.84 and exchange rate charged 668.009.59
Total cost (%)
11.5611.56
Total cost (MYR)sort descendingTotal cost (USD)sort descending
70.5223.12
Firm
E-remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.003.93
Exchange rate margin (%)
9.72
Percentage difference between market reference rate 738.84 and exchange rate charged 667.009.72
Total cost (%)
11.6911.69
Total cost (MYR)sort descendingTotal cost (USD)sort descending
71.3123.38
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
12.003.93
Exchange rate margin (%)
9.72
Percentage difference between market reference rate 738.84 and exchange rate charged 667.009.72
Total cost (%)
11.6911.69
Total cost (MYR)sort descendingTotal cost (USD)sort descending
71.3123.38
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
12.003.93
Exchange rate margin (%)
9.99
Percentage difference between market reference rate 738.84 and exchange rate charged 665.009.99
Total cost (%)
11.9611.96
Total cost (MYR)sort descendingTotal cost (USD)sort descending
72.9623.92
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
12.003.93
Exchange rate margin (%)
9.99
Percentage difference between market reference rate 738.84 and exchange rate charged 665.009.99
Total cost (%)
11.9611.96
Total cost (MYR)sort descendingTotal cost (USD)sort descending
72.9623.92
Total Average Fourth Quarter 2023
10.0210.02
Total Average Third Quarter 2023
3.463.46
Total Average
Fee
10.603.48
Exchange Rate Margin (%)
8.288.28
Total Cost Percent (%)
10.0210.02
Total Cost (MYR) Total Cost (USD)
61.1120.03
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Same day
Bank account Cash Mobile wallet
Firm
Payment instrument
Access point
Sending network coverage
Transfer speed
Receiving method
Disbursing network coverage
Fee
Exchange rate margin (%)
Total cost (%)
Total cost (MYR)sort descendingTotal cost (USD)sort descending
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
10.003.27
Exchange rate margin (%)
5.91
Percentage difference between market reference rate 738.84 and exchange rate charged 695.185.91
Total cost (%)
6.566.56
Total cost (MYR)sort descendingTotal cost (USD)sort descending
100.3732.80
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
12.003.92
Exchange rate margin (%)
6.88
Percentage difference between market reference rate 738.84 and exchange rate charged 688.006.88
Total cost (%)
7.667.66
Total cost (MYR)sort descendingTotal cost (USD)sort descending
117.2038.30
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
12.003.92
Exchange rate margin (%)
6.88
Percentage difference between market reference rate 738.84 and exchange rate charged 688.006.88
Total cost (%)
7.667.66
Total cost (MYR)sort descendingTotal cost (USD)sort descending
117.2038.30
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
12.003.92
Exchange rate margin (%)
6.88
Percentage difference between market reference rate 738.84 and exchange rate charged 688.006.88
Total cost (%)
7.667.66
Total cost (MYR)sort descendingTotal cost (USD)sort descending
117.2038.30
Firm
Western Union
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
10.003.27
Exchange rate margin (%)
7.21
Percentage difference between market reference rate 738.84 and exchange rate charged 685.547.21
Total cost (%)
7.867.86
Total cost (MYR)sort descendingTotal cost (USD)sort descending
120.2639.30
Firm
E-remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.003.92
Exchange rate margin (%)
9.59
Percentage difference between market reference rate 738.84 and exchange rate charged 668.009.59
Total cost (%)
10.3710.37
Total cost (MYR)sort descendingTotal cost (USD)sort descending
158.6651.85
Firm
E-remit
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
Medium
Transfer speed
Receiving method
Disbursing network coverage
High
Fee
12.003.92
Exchange rate margin (%)
9.72
Percentage difference between market reference rate 738.84 and exchange rate charged 667.009.72
Total cost (%)
10.5010.50
Total cost (MYR)sort descendingTotal cost (USD)sort descending
160.6552.50
Firm
MoneyGram
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Agent
Sending network coverage
High
Transfer speed
Receiving method
Agent
Disbursing network coverage
High
Fee
12.003.92
Exchange rate margin (%)
9.72
Percentage difference between market reference rate 738.84 and exchange rate charged 667.009.72
Total cost (%)
10.5010.50
Total cost (MYR)sort descendingTotal cost (USD)sort descending
160.6552.50
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Low
Fee
12.003.92
Exchange rate margin (%)
9.99
Percentage difference between market reference rate 738.84 and exchange rate charged 665.009.99
Total cost (%)
10.7710.77
Total cost (MYR)sort descendingTotal cost (USD)sort descending
164.7853.85
Firm
Ria
Firm type: Money Transfer Operator
 
Payment instrument
Access point
Internet
Sending network coverage
High
Transfer speed
Receiving method
Disbursing network coverage
Medium
Fee
12.003.92
Exchange rate margin (%)
9.99
Percentage difference between market reference rate 738.84 and exchange rate charged 665.009.99
Total cost (%)
10.7710.77
Total cost (MYR)sort descendingTotal cost (USD)sort descending
164.7853.85
Total Average Fourth Quarter 2023
9.039.03
Total Average Third Quarter 2023
2.442.44
Total Average
Fee
11.603.79
Exchange Rate Margin (%)
8.288.28
Total Cost Percent (%)
9.039.03
Total Cost (MYR) Total Cost (USD)
138.1845.16
Non-Transparent records
Bank account transfer Debit card Cash
Less than one hour Same day
Bank account Cash Mobile wallet
Least Costly Corridors To Myanmar
Least Costly Corridors From Malaysia
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