How to send money to Malaysia from Denmark with the best DKK-MYR rate

Comparing based on your specific needs is the best way to send money from Denmark to Malaysia with confidence.

For DKK/MYR

• Wise is our top pick for sending Danish Krone to Malaysia. For example, sending 50,000 DKK to MYR will cost you kr233.76 in fees, and you will receive 31,410.41 MYR.

• We would recommend Taptap Send for low cost, affordable transfers from Malaysian Ringgits to Malaysia. We found that Taptap Send is 0.09% cheaper than the second-best option. The cost is a combination of a fee of 0 DKK and an exchange rate for converting Danish Krone to Malaysian Ringgit that is 0.18% different to the mid-market rate.

• Fastest way to send money to Malaysia from Denmark is with Revolut. For example, if you send 50,000 DKK with Revolut to Malaysia, the transfer time is within minutes based on our data.

Our analysis, and search results, include 5 providers that operate between Denmark and Malaysia. These are ranked by speed, overall cost and ease of use.

Through this, you get a comprehensive view of all the options you have in Denmark when you need to send money to Malaysia.

The exchange rate determines the price you’ll pay for Malaysian Ringgit when you send Danish Krone to Malaysia.

The current exchange rate between the Danish Krone and Malaysian Ringgit is 0.6308, and it constantly fluctuates.

When calculating the cost of sending money from Denmark to Malaysia, a combination of fees and exchange rates ensure the best deal:

• The Mid-Market and Exchange Rates: The current DKK-MYR mid-market rate is 0.6308 MYR per Danish Krone. Finding a provider as close to this number as possible will ensure more Malaysian Ringgit for your money.

• Fees: Transfer fees are charged on top of a transfer. Taptap Send currently offers the lowest fees of 0 DKK per transfer (based on kr50,000 transfer). Although, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The total amount received in Malaysian Ringgit is the biggest indicator in the total cost of sending money to Denmark from Malaysia. The higher the total amount received in Malaysia, the lower the cost of sending from Denmark.

It’s possible that waiting a day or two can help you get more MYR for the same amount of Danish Krone. But, the best way to lock in a price between Denmark and Malaysia is by using a forward contract.

A bank transfer is our recommended option for money transfers between Denmark and Malaysia. Taptap Send offers the best price on a bank transfer.

Here are all the ways to send money from Denmark to Malaysia:

Bank transfers

Bank transfers are often the best payment method for money transfers from Denmark to Malaysia.

A money transfer company like Regency FX offer bank transfers between Denmark and Malaysia with lower fees and better exchange rates than you would get from a traditional bank.

On average, Regency FX is the cheapest provider for bank transfers of the 5 we tested when sending DKK to Malaysia.

Debit and prepaid cards

Sending money from Denmark to Malaysia with a debit or a prepaid card is very simple with Wise.


Wise is a leader in debit card payments for transfers from Denmark to Malaysia, competing among a total of 5 active money transfer companies on this route.

Credit cards

We recommend avoiding credit cards where possible due to a lack of support and high fees.

If you have to use a credit card, we recommend comparing your options to find the company with the lowest fees.

Always choose providers that are regulated by financial authorities in both Denmark and Malaysia to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between Denmark and Malaysia.

Some services have minimum or maximum thresholds on how much you can transfer from Denmark to Malaysia.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Wise if you need to send large amounts of DKK to Malaysia. The combination of rates and fees when sending to Malaysia is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Denmark, or entering Malaysia. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in Malaysia. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from Denmark to Malaysia will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from Denmark into Malaysian Ringgit. Wise is the best company for bank transfers between Denmark and Malaysia.

And if you need cash right away, check if cash pickup is an option for transfers between Denmark and Malaysia.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Taptap Send.

When signing up to a money transfer company to send between Denmark and Malaysia, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in Denmark this will be a government ID like a passport or driver's license. In Malaysia it will be a similar set of documents, although this should only be needed if you are opening a new account in Malaysia, or collecting in cash.

Big transactions between Denmark and Malaysia, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Wise in part due to their easy sign up process in Denmark.

When sending large amounts of money between Denmark and Malaysia there will be tax implications to consider.

Some transfers into Malaysian Ringgit may need to be reported to tax authorities in Malaysia, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in Malaysia based on age, income and a few other elements. When in doubt, please contact a tax professional in Denmark or Malaysia to discuss your personal circumstances.