Best recommended: Wise
Of the 16 money transfer providers tested and reviewed, Wise scored highly for its competitive rates and fees.
Wise appeared in 84.4% of United States to Malaysia searches, and was the top rated company supporting USD to MYR transfers.
Make your United States to Malaysia transfer using Wise for the best mix of cost and speed.
How to compare deals on your United States to Malaysia transfer
Considerations for money transfers from United States to Malaysia
Comparing providers offering services between the United States and Malaysia, based on your specific needs is the best way to send money with confidence.
Our comparison includes 16 companies that provide the ability to send US Dollar to Malaysia.
This ensures you get the best options for transfers to Malaysia from the United States, based on the amount you want to send.
Cheapest way to send money to Malaysia from the United States: Revolut
They offer an average fee of 0* USD and exchange rate between USD-MYR that is 0.16% different to the mid-market rate.
In comparison, Revolut is 0.3% cheaper than the second-best option.
To secure affordable and great rates on a USD to Malaysia transfer, Revolut is our recommended choice.
*The most common fee applied to USD-MYR by Revolut, based on data from the past six months.
Fastest money transfers from United States to Malaysia: Wise.
Through our comparison, we found Wise to be the fastest option to transfer money from the United States to Malaysian Ringgit in 43.4% of instances.
Over the last six months, sending money from the United States to Malaysia through Wise have an average fee of 13.89 USD.
Wise was one of 16 money transfer providers we compared for overall speed of sending money from the United States to Malaysia. This speed test included depositing US Dollars to an account and the average timeframe for sending money to Malaysia.
When fast transfers are a priority, Wise is our best choice for sending from United States to Malaysia.
Send large sums of money
From the 16 options we compared, Wise offers the strongest all round option for large transfers to Malaysia from the United States.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Malaysian Ringgits to Malaysian Ringgit.
As such, we recommend Wise for large transfers between Malaysia and the United States.
Understanding the cost of transferring money from United States to Malaysia
The total cost of money transfers from United States to Malaysia is a combination of fees and exchange rates. Get the best of both, and you will be getting a good deal.
The Mid-Market and Exchange Rates: The mid-market rate for USD-MYR is currently 4.3403 MYR per US Dollar. Providers offering services closer to this rate will ensure more Malaysian Ringgit for your US Dollars.
To give a historic average, over the last three months the USD-MYR mid-market rate has been 4.4306 MYR per US Dollar, this has had a high of 4.7725 and a low of 4.1245.
From the 16 companies compared, Wise offers the best exchange rate on transfers to Malaysia and the United States.
Generally, the exchange rate you receive on converting USD to MYR will be the biggest factor impacting the cost of sending US Dollars to Malaysia.
Fees: Transfer fees are charged alongside a transfer. The company offering the lowest fee is Revolut at an average of 0 USD per transfer over the last 6 months. In all cases, we recommend searching for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount eventually received in Malaysian Ringgit. Simply, the higher the amount received in the United States, the lower the cost of sending from Malaysia.
Finding the best exchange rate for US Dollar to Malaysian Ringgit
Timing is essential for sending money between USD and MYR. The exchange rate you secure impacts how much MYR you get for your USD.
Over the last six months, here’s what we’ve seen:
The exchange rate from USD to MYR averaged 4.4306 MYR.
The highest value recorded was 4.7725 MYR, while the lowest was 4.1245 MYR.
There are currently 16 providers offering transfers between the United States and Malaysia close to this rate
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Payment options for transfers from United States to Malaysia
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Malaysia and United States.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from United States to Malaysia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send USD to MYR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.