Companies for transfers to Malaysia
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Ria Money Transfer has over 35 yeas of trusted experience. Send money online to over 190 countries, and to over 500,000 pickup locations."
"Paysend has transparent fees and rates, with transfer sent within seconds to your recipient's bank. They also have global 24/7 support for any enquiries, and bank-level security."
Best recommended: Wise
Of the 13 money transfer providers tested and reviewed, Wise scored highly for its competitive rates and fees.
Wise appeared in 88.9% of Australia to Malaysia searches, and was the top rated company supporting AUD to MYR transfers.
Make your Australia to Malaysia transfer using Wise for the best mix of cost and speed.
How to get the best deal on your Australia to Malaysia transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Australia to Malaysia.
- Choose a provider
Select the provider that offers you the best value & service for your needs
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Considerations for money transfers from Australia to Malaysia
Comparing providers offering services between Australia and Malaysia, based on your specific needs is the best way to send money with confidence.
Our comparison includes 13 companies that provide the ability to send Australian Dollar to Malaysia.
This ensures you get the best options for transfers to Malaysia from Australia, based on the amount you want to send.
Cheapest way to send money to Malaysia from Australia: Revolut
Data collected over the past six months shows that Revolut is 0.2% cheaper than the second-best option.
The $0 transfer cost represents the most common fee for AUD to MYR international transfers, based on data from the past six months.
If you want to secure the best rates on a AUD to Malaysia transfer, make sure you pick Revolut to send your money online.
*The most common fee applied to AUD-MYR by Revolut, based on data from the past six months.
Fastest money transfers from Australia to Malaysia: Paysend.
Through our comparison, we found Paysend to be the fastest option to transfer money from Australia to Malaysian Ringgit in 55.6% of instances.
Over the last six months, sending money from Australia to Malaysia through Paysend have an average fee of 0 AUD.
Paysend was one of 13 money transfer providers we compared for overall speed of sending money from Australia to Malaysia. This speed test included depositing Australian Dollars to an account and the average timeframe for sending money to Malaysia.
When fast transfers are a priority, Paysend is our best choice for sending from Australia to Malaysia.
Send large sums of money
From the 13 options we compared, Wise offers the strongest all round option for large transfers to Malaysia from Australia.
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 Australia.
Understanding the costs involved when moving money from Australia to Malaysia
When calculating the costs of money transfers between Australia and Malaysia, here's what really matters:
The Mid-Market Rate: Today, the AUD-MYR mid-market rate equals 2.8174 MYR per Australian Dollar.
The AUD-MYR average exchange rate for the past three months has been 3.0422 MYR per Australian Dollar, with a high of 3.1541 and a low of 2.8681.
When looking to send money, we'd recommend Revolut. On average Revolut is 0.12% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from AUD to MYR.
How to find the best exchange rate for Australia to Malaysia
Timing is essential for sending money between AUD and MYR. The exchange rate you secure impacts how much MYR you get for your AUD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from AUD to MYR has seen some fluctuation. On average, it stood at 3.0422.
During this period, the highest value recorded was 3.1541, while the lowest was 2.8681.
Wise, which is our recommended service to send money online from Australia to Malaysia offers an exchange rate that is only 0.12% above the mid-market rate.
Want to secure the best AUD-Malaysian Ringgit exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Australia to Malaysia!
Payment options for transfers from Australia to Malaysia
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Australia to Malaysia.
Using a money transfer company such as Revolut for payments from Australia to Malaysia, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
Revolut is the best money transfer provider for bank transfers of the 13 we compared when sending AUD to Malaysia.
With an average fee of 0 AUD to transfer money from Australia to Malaysia, Revolut offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Australia to Malaysia is easy with Wise.
Wise is a leader in debit card money transfers from Australia to Malaysia. They are the best option of the 13 transfer companies compared.
Credit cards
When it comes to credit card transfers from Australia to Malaysia, Instarem is the top choice of the 13 companies offering this service.
Fee alert: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Malaysia and Australia.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
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 Australia to Malaysia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send AUD to MYR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
