Regency FX is the cheapest right now for transfers from Italy. Using a bank transfer deposit into a bank deposit will get you 31,653.79 MYR in Malaysia.
For speed, Revolut is fastest, with delivery in within minutes.
| 8 of 8 providers Last updated on 28 October 2026 | |||
| Based on 7,000 EUR transfer Best companies for EUR/MYR transfers | |||
| Promoted  Wise Pay via Bank transfer | Fee €35.06 1 EUR = 4.5349 MYR -0.01% vs mid-market | Recipient gets RM 31,585.17 Within minutes | |
Ways to receive money in Malaysia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €35.061 EUR = 4.5349 MYR RM 31,585.17You pay€7,000.00 | |||
| Promoted  Xe Pay via Debit card | Fee €0.00 1 EUR = 4.5153 MYR +0.42% vs mid-market | Recipient gets RM 31,607.10 Minutes - 24 hours | |
Ways to receive money in Malaysia with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 4.5153 MYR RM 31,607.10You pay€7,000.00 | |||
Run a live search Showing top Italy to Malaysia deals for 7,000 EUR. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live EUR to MYR rates. | |||
Run a live search These companies offer multi-currency accounts for spending MYR. We suggest doing a live search based on how much EUR you're planning to spend in Malaysia. | |||
Run a live search These are managed services with real human support for large EUR transfers. Click the link and update the transfer amount to get the best deal. | |||
| Exclusive: First Transfer Deal  Regency FX Pay via Bank transfer | Fee €0.00 1 EUR = 4.5220 MYR +0.27% vs mid-market | Recipient gets RM 31,653.79 Minutes - 24 hours | |
Ways to receive money in Malaysia with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 4.5220 MYR RM 31,653.79You pay€7,000.00 | |||
 TapTap Send Pay via Debit card | Fee €0.00 1 EUR = 4.5200 MYR +0.31% vs mid-market | Recipient gets RM 31,640.00 Minutes | |
Ways to receive money in Malaysia with TapTap Send when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes Free1 EUR = 4.5200 MYR RM 31,640.00You pay€7,000.00 Mobile walletMinutesAvailable via:BigPay Free1 EUR = 4.5200 MYR RM 31,640.00You pay€7,000.00 DuitNowMinutesAvailable via:TNG via DuitNow Free1 EUR = 4.5200 MYR RM 31,640.00You pay€7,000.00 | |||
| Xe Pay via Debit card | Fee €0.00 1 EUR = 4.5153 MYR +0.42% vs mid-market | Recipient gets RM 31,607.10 Minutes - 24 hours | |
Ways to receive money in Malaysia with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 4.5153 MYR RM 31,607.10You pay€7,000.00 | |||
| Xe Pay via Bank transfer | Fee €0.00 1 EUR = 4.5153 MYR +0.42% vs mid-market | Recipient gets RM 31,607.10 Minutes - 24 hours | |
Ways to receive money in Malaysia with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 4.5153 MYR RM 31,607.10You pay€7,000.00 | |||
| Xe Pay via Credit card | Fee €0.00 1 EUR = 4.5153 MYR +0.42% vs mid-market | Recipient gets RM 31,607.10 Minutes - 24 hours | |
Ways to receive money in Malaysia with Xe when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 4.5153 MYR RM 31,607.10You pay€7,000.00 | |||
| Wise Pay via Bank transfer | Fee €35.06 1 EUR = 4.5349 MYR -0.01% vs mid-market | Recipient gets RM 31,585.17 Within minutes | |
Ways to receive money in Malaysia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €35.061 EUR = 4.5349 MYR RM 31,585.17You pay€7,000.00 | |||
 OFX Pay via Bank transfer | Fee €0.00 1 EUR = 4.5115 MYR +0.50% vs mid-market | Recipient gets RM 31,580.79 Minutes - 24 hours | |
Ways to receive money in Malaysia with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 4.5115 MYR RM 31,580.79You pay€7,000.00 | |||
| Wise Pay via iDEAL | Fee €45.20 1 EUR = 4.5349 MYR -0.01% vs mid-market | Recipient gets RM 31,539.18 Within minutes | |
Ways to receive money in Malaysia with Wise when paying by ideal. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €45.201 EUR = 4.5349 MYR RM 31,539.18You pay€7,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee €60.40 1 EUR = 4.5251 MYR +0.20% vs mid-market | Recipient gets RM 31,402.52 Within minutes | |
Ways to receive money in Malaysia with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes €60.401 EUR = 4.5251 MYR RM 31,402.52You pay€7,000.00 | |||
| US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details. | |||
| Wise Pay via Debit card | Fee €90.06 1 EUR = 4.5349 MYR -0.01% vs mid-market | Recipient gets RM 31,335.75 Within minutes | |
Ways to receive money in Malaysia with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €90.061 EUR = 4.5349 MYR RM 31,335.75You pay€7,000.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Debit card | Fee €0.99 1 EUR = 4.4609 MYR +1.63% vs mid-market | Recipient gets RM 31,226.30 Minutes - 24 hours | |
Ways to receive money in Malaysia with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:All Banks €0.991 EUR = 4.4609 MYR RM 31,226.30You pay€7,000.99 Mobile walletMinutes - 24 hoursAvailable via:Select Wallets €0.991 EUR = 4.4609 MYR RM 31,226.30You pay€7,000.99 Cash pickupMinutes - 24 hours €4.991 EUR = 4.4609 MYR RM 31,226.30You pay€7,004.99 Card depositMinutes - 24 hoursAvailable via:Bank Debit Card €4.991 EUR = 4.4430 MYR RM 31,101.00You pay€7,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit card | Fee €0.99 1 EUR = 4.4609 MYR +1.63% vs mid-market | Recipient gets RM 31,226.30 Minutes - 24 hours | |
Ways to receive money in Malaysia with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:All Banks €0.991 EUR = 4.4609 MYR RM 31,226.30You pay€7,000.99 Mobile walletMinutes - 24 hoursAvailable via:Select Wallets €0.991 EUR = 4.4609 MYR RM 31,226.30You pay€7,000.99 Cash pickupMinutes - 24 hours €4.991 EUR = 4.4609 MYR RM 31,226.30You pay€7,004.99 Card depositMinutes - 24 hoursAvailable via:Bank Debit Card €4.991 EUR = 4.4430 MYR RM 31,101.00You pay€7,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Bank transfer | Fee €0.99 1 EUR = 4.4609 MYR +1.63% vs mid-market | Recipient gets RM 31,226.30 Minutes - 24 hours | |
Ways to receive money in Malaysia with MoneyGram when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:All Banks €0.991 EUR = 4.4609 MYR RM 31,226.30You pay€7,000.99 Mobile walletMinutes - 24 hoursAvailable via:Select Wallets €0.991 EUR = 4.4609 MYR RM 31,226.30You pay€7,000.99 Cash pickupMinutes - 24 hours €4.991 EUR = 4.4609 MYR RM 31,226.30You pay€7,004.99 | |||
| Wise Pay via Credit card | Fee €132.10 1 EUR = 4.5349 MYR -0.01% vs mid-market | Recipient gets RM 31,145.10 Within minutes | |
Ways to receive money in Malaysia with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer €132.101 EUR = 4.5349 MYR RM 31,145.10You pay€7,000.00 | |||
| Only available via Mobile App  WorldRemit Pay via Debit card | Fee €0.95 1 EUR = 4.3991 MYR +3.02% vs mid-market | Recipient gets RM 30,789.73 Minutes - 2 days | |
Ways to receive money in Malaysia with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days €0.951 EUR = 4.3991 MYR RM 30,789.73You pay€7,000.00 | |||
| Pricing based on Revolut Standard plan Revolut Pay via Debit card | Fee €221.00 1 EUR = 4.5251 MYR +0.20% vs mid-market | Recipient gets RM 30,675.78 Within minutes | |
Ways to receive money in Malaysia with Revolut when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes €221.001 EUR = 4.5251 MYR RM 30,675.78You pay€7,000.00 | |||
| US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details. | |||
| How Our Results Work Mid-market rate: 1 EUR = 4.5342 MYR Updates every 60 minutes. | |||
Transfer details
For a one-off EUR transfer to Malaysia, I suggest picking the cheapest option which is Regency FX.
Regency FX was the cheapest on 26 of the 28 days it quoted €7,000 transfers to Malaysia.
On a 7,000 EUR transfer, Regency FX delivers the most MYR.
The best option will change depending on how much you actually send, so I suggest to get the best EUR/MYR rate.
You have 4 ways to fund your transfer: bank transfer, debit card, credit card, and iDEAL.
Sending money to Malaysia directly with SEPA is expensive, but it's a cheap and quick way to fund your money transfer account.
You can also use a debit card to fund the transfer, including the Postepay card.
First time round you'll need your codice fiscale and a photo ID to verify your account.
How much EUR you send to Malaysia heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.
Our analysis shows Regency FX was the cheapest in 93% of the transfers from €5,000 it quoted, and in 93% of all the transfers it quoted.
| Cheapest service | |||||
|---|---|---|---|---|---|
| €500 | €0.00 | RM 2,260.00with debit card to bank deposit | +RM 121.81 | ||
| €1,000 | 0.20% | €0.40 | RM 4,523.10with bank transfer to bank deposit | +RM 43.40 | |
| €2,000 | 0.31% | €0.00 | RM 9,040.00with debit card to bank deposit | +RM 75.37 | |
| €5,000 | 0.36% | €0.00 | RM 22,600.00with debit card to bank deposit | +RM 219.30 | |
| €7,000This page | 0.27% | €0.00 | RM 31,653.79with bank transfer to bank deposit | +RM 288.29 |
Mid-market rate: 1 EUR = 4.5342 MYR
The cheapest way to send EUR to MYR can change every day, or stay with the same company all month.
We've compared the mid-market rate with the cheapest option each day (today it's Regency FX), across 30 days of comparisons for 7,000 EUR transfers to Malaysia.
Wed, 28 Oct 2026Mid-market rateRM 31,739.49 Regency FX RM 31,653.79Regency FXRM 31,653.79TapTap SendRM 31,640.00XeRM 31,607.10
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.6298 | – | RM 32,408.69 | |
| | 4.6173 | €0.00 | RM 32,321.19 | −RM 87.50 |
| | 4.6080 | €0.00 | RM 32,256.00 | −RM 152.69 |
| | 4.5900 | €0.00 | RM 32,130.00 | −RM 278.69 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.6330 | – | RM 32,431.06 | |
| | 4.6205 | €0.00 | RM 32,343.50 | −RM 87.56 |
| | 4.5912 | €0.00 | RM 32,138.40 | −RM 292.66 |
| | 4.5900 | €0.00 | RM 32,130.00 | −RM 301.06 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.6196 | – | RM 32,337.03 | |
| | 4.6071 | €0.00 | RM 32,249.72 | −RM 87.31 |
| | 4.6000 | €0.00 | RM 32,200.00 | −RM 137.03 |
| | 4.5866 | €0.00 | RM 32,106.20 | −RM 230.83 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5980 | – | RM 32,186.32 | |
| | 4.5856 | €0.00 | RM 32,099.42 | −RM 86.90 |
| | 4.5800 | €0.00 | RM 32,060.00 | −RM 126.32 |
| | 4.5593 | €0.00 | RM 31,915.10 | −RM 271.22 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5993 | – | RM 32,195.37 | |
| | 4.5869 | €0.00 | RM 32,108.44 | −RM 86.93 |
| | 4.5800 | €0.00 | RM 32,060.00 | −RM 135.37 |
| | 4.5633 | €0.00 | RM 31,943.10 | −RM 252.27 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5993 | – | RM 32,195.37 | |
| | 4.5869 | €0.00 | RM 32,108.44 | −RM 86.93 |
| | 4.5800 | €0.00 | RM 32,060.00 | −RM 135.37 |
| | 4.5633 | €0.00 | RM 31,943.10 | −RM 252.27 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5772 | – | RM 32,040.67 | |
| | 4.5649 | €0.00 | RM 31,954.16 | −RM 86.51 |
| | 4.5500 | €0.00 | RM 31,850.00 | −RM 190.67 |
| | 4.5313 | €0.00 | RM 31,719.10 | −RM 321.57 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5871 | – | RM 32,109.71 | |
| | 4.5747 | €0.00 | RM 32,023.01 | −RM 86.70 |
| | 4.5600 | €0.00 | RM 31,920.00 | −RM 189.71 |
| | 4.5476 | €0.00 | RM 31,833.20 | −RM 276.51 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5815 | – | RM 32,070.72 | |
| | 4.5692 | €0.00 | RM 31,984.13 | −RM 86.59 |
| | 4.5600 | €0.00 | RM 31,920.00 | −RM 150.72 |
| | 4.5570 | €0.00 | RM 31,899.00 | −RM 171.72 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5759 | – | RM 32,031.34 | |
| | 4.5636 | €0.00 | RM 31,944.85 | −RM 86.49 |
| | 4.5600 | €0.00 | RM 31,920.00 | −RM 111.33 |
| | 4.5395 | €0.00 | RM 31,776.50 | −RM 254.83 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5919 | – | RM 32,143.10 | |
| | 4.5795 | €0.00 | RM 32,056.31 | −RM 86.79 |
| | 4.5700 | €0.00 | RM 31,990.00 | −RM 153.10 |
| | 4.5410 | €0.00 | RM 31,787.00 | −RM 356.10 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5776 | – | RM 32,043.02 | |
| | 4.5652 | €0.00 | RM 31,956.50 | −RM 86.52 |
| | 4.5500 | €0.00 | RM 31,850.00 | −RM 193.02 |
| | 4.5458 | €0.00 | RM 31,820.60 | −RM 222.42 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5776 | – | RM 32,043.02 | |
| | 4.5652 | €0.00 | RM 31,956.50 | −RM 86.52 |
| | 4.5500 | €0.00 | RM 31,850.00 | −RM 193.02 |
| | 4.5458 | €0.00 | RM 31,820.60 | −RM 222.42 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5765 | – | RM 32,035.19 | |
| | 4.5641 | €0.00 | RM 31,948.69 | −RM 86.50 |
| | 4.5600 | €0.00 | RM 31,920.00 | −RM 115.19 |
| | 4.5386 | €0.00 | RM 31,770.20 | −RM 264.99 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5681 | – | RM 31,976.85 | |
| | 4.5558 | €0.00 | RM 31,890.51 | −RM 86.34 |
| | 4.5500 | €0.00 | RM 31,850.00 | −RM 126.85 |
| | 4.5298 | €0.00 | RM 31,708.60 | −RM 268.25 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5695 | – | RM 31,986.33 | |
| | 4.5571 | €0.00 | RM 31,899.97 | −RM 86.36 |
| | 4.5500 | €0.00 | RM 31,850.00 | −RM 136.33 |
| | 4.5366 | €0.00 | RM 31,756.20 | −RM 230.13 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | – | – | – | |
| | 4.5738 | €35.06 | RM 31,856.45 | – |
| | 4.5500 | €0.00 | RM 31,850.00 | – |
| | 4.5366 | €0.00 | RM 31,756.20 | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5874 | – | RM 32,111.51 | |
| | 4.5800 | €0.00 | RM 32,060.00 | −RM 51.51 |
| | 4.5750 | €0.00 | RM 32,024.80 | −RM 86.71 |
| | 4.5459 | €0.00 | RM 31,821.30 | −RM 290.21 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5884 | – | RM 32,118.55 | |
| | 4.5760 | €0.00 | RM 32,031.83 | −RM 86.72 |
| | 4.5700 | €0.00 | RM 31,990.00 | −RM 128.55 |
| | 4.5520 | €0.00 | RM 31,864.00 | −RM 254.55 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5884 | – | RM 32,118.55 | |
| | 4.5760 | €0.00 | RM 32,031.83 | −RM 86.72 |
| | 4.5700 | €0.00 | RM 31,990.00 | −RM 128.55 |
| | 4.5520 | €0.00 | RM 31,864.00 | −RM 254.55 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5732 | – | RM 32,012.49 | |
| | 4.5609 | €0.00 | RM 31,926.06 | −RM 86.43 |
| | 4.5600 | €0.00 | RM 31,920.00 | −RM 92.49 |
| | 4.5498 | €0.00 | RM 31,848.60 | −RM 163.89 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5853 | – | RM 32,097.34 | |
| | 4.5730 | €0.00 | RM 32,010.68 | −RM 86.66 |
| | 4.5700 | €0.00 | RM 31,990.00 | −RM 107.34 |
| | 4.5420 | €0.00 | RM 31,794.00 | −RM 303.34 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5771 | – | RM 32,039.42 | |
| | 4.5700 | €0.00 | RM 31,990.00 | −RM 49.42 |
| | 4.5647 | €0.00 | RM 31,952.91 | −RM 86.51 |
| | 4.5404 | €0.00 | RM 31,782.80 | −RM 256.62 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5857 | – | RM 32,100.02 | |
| | 4.5733 | €0.00 | RM 32,013.35 | −RM 86.67 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5756 | – | RM 32,029.05 | |
| | 4.5632 | €0.00 | RM 31,942.57 | −RM 86.48 |
| | 4.5600 | €0.00 | RM 31,920.00 | −RM 109.05 |
| | 4.5418 | €0.00 | RM 31,792.60 | −RM 236.45 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5765 | – | RM 32,035.49 | |
| | 4.5641 | €0.00 | RM 31,948.99 | −RM 86.50 |
| | 4.5600 | €0.00 | RM 31,920.00 | −RM 115.49 |
| | 4.5373 | €0.00 | RM 31,761.10 | −RM 274.39 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5765 | – | RM 32,035.49 | |
| | 4.5641 | €0.00 | RM 31,948.99 | −RM 86.50 |
| | 4.5600 | €0.00 | RM 31,920.00 | −RM 115.49 |
| | 4.5373 | €0.00 | RM 31,761.10 | −RM 274.39 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | – | – | – | |
| | 4.5600 | €0.00 | RM 31,920.00 | – |
| | 4.5373 | €0.00 | RM 31,761.10 | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5623 | – | RM 31,936.30 | |
| | 4.5500 | €0.00 | RM 31,850.07 | −RM 86.23 |
| | 4.5500 | €0.00 | RM 31,850.00 | −RM 86.30 |
| | 4.5252 | €0.00 | RM 31,676.40 | −RM 259.90 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 4.5342 | – | RM 31,739.49 | |
| | 4.5220 | €0.00 | RM 31,653.79 | −RM 85.70 |
| | 4.5200 | €0.00 | RM 31,640.00 | −RM 99.49 |
| | 4.5153 | €0.00 | RM 31,607.10 | −RM 132.39 |
| Exchange rate | Fee | Recipient gets | Difference |
|---|
| Mid-market rate | 4.5342 | – | RM 31,739.49 | |
|---|---|---|---|---|
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Each line shows what the recipient gets when you send €7,000, after fees, as quoted by each company. The mid-market line shows what €7,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.
The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.
When the blue line goes above the dashed one, you're getting more MYR per EUR than the mid-market rate can offer.
This could be due to money transfer offers, FX rate adjustments, or market competitiveness.
No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of MYR on every transfer from Italy.
Right now, Regency FX pays 31,653.79 MYR on 7,000 EUR, which is 85.7 MYR less than the mid-market amount.
Today's payout isn't the best this month though, since the highest receive amount was 32,343.5 MYR.
If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.
Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Malaysia.
We've tracked 94 comparisons to check how often today's top companies were the cheapest across 5 amounts over the past month.
Cheapest every time
Cheapest in 74% of them
Never the cheapest
Based on 35 comparisons across 5 amounts over the last 7 days.
Cheapest in 93% of them
Cheapest in 55% of them
Never the cheapest
Based on 94 comparisons across 5 amounts over the last 30 days.
Cheapest in 89% of them
Cheapest in 37% of them
Cheapest in 2% of them
Based on 142 comparisons across 5 amounts over the last 90 days.
Different companies can come out cheapest depending on the day and the amount you send.
To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).
Today Regency FX is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.
TapTap Send (today's second cheapest) was the cheapest in 55% of its comparisons, so if you send money to Malaysia regularly, it's worth comparing it with Regency FX before each transfer.
8 companies send money from Italy to Malaysia. You can send EUR via app, broker, online, multi-currency account, global account, and in person, and more below.
Regular transfers
For the regular transfer home, an app like TapTap Send is the easiest and most convenient option.
Over the past month, TapTap Send was the cheapest app on 76% of the days it appeared for €7,000 transfers.
TapTap Send charges €0 on a €7,000 transfer, and 31,640 MYR lands in a mobile wallet in seconds, no bank account needed on their side.
For one-off transfers
Outside the euro transfers, a bank transfer passes through intermediary banks, and each one can take a cut along the way.
Online services skip this and use their own network (it’s much cheaper).
Xe delivers 31,607.1 MYR on €7,000 with a €0 fee and 0.42% markup.
In our comparisons over the past month, it was the cheapest online service on 3 of the 29 days it quoted.
Sending large sums
Managed services charge no fees and work on margin instead, and the more you send to Malaysia, the better rate you will get.
Regency FX charges no fee and adds 0.27% on EUR/MYR rate.
Our analysis shows Regency FX was the cheapest broker in 100% of the transfers from €5,000 it quoted.
Travelling and receiving
If you travel to Malaysia often, or receive payments from there, this is the best option.
Multi-currency accounts let you hold EUR and MYR in one account, and give you local details.
I suggest trying Wise.
Over the past month, it came out cheapest among multi-currency accounts on 100% of days.
It holds EUR and MYR balances and charges small fees to convert between them.
For business payments
Global accounts are for businesses and freelancers with a partita IVA, paying suppliers abroad, invoicing foreign clients, holding a few currencies.
A few good options are Wise Business, Airwallex, and Payoneer.
With Regency FX, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending €7,000 gives your recipient 31,653.79 MYR.
In Italy, you can pay by bank transfer, debit card, credit card, and iDEAL.
Satispay and Bancomat Pay are mainly domestic payment methods, they do not send MYR to Malaysia by themselves.
In Malaysia, the recipient can use bank deposit, mobile wallet, duitnow, cash pickup, and card deposit.
In Malaysia, they can collect cash through All Banks.
They need to take a photo ID and the collection reference to a participating All Banks location in Malaysia.
You pay €7,000.00
RM31,654
Cheapest
You pay €7,000.00
RM31,640
-RM14
You pay €7,000.00
RM31,640
-RM14
You pay €7,000.00
RM31,640
-RM14
You pay €7,000.00
RM31,607
-RM47
You pay €7,000.00
RM31,539
-RM115
You pay €7,000.99
RM31,226
-RM427
You pay €7,004.99
RM31,226
-RM427
You pay €7,004.99
RM31,226
-RM427
You pay €7,000.99
RM31,226
-RM427
You pay €7,004.99
RM31,226
-RM427
You pay €7,004.99
RM31,101
-RM553
You pay €7,004.99
RM31,101
-RM553
For a transfer from Italy, compare the amount received first. Then check whether you are making a SEPA payment, an extra-SEPA transfer or a cash-agent remittance, because each works differently.
These are the leading options for a €7,000 transfer to Malaysia.
Cheapest way to send money to Malaysia
The cheapest option is Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 31,653.79 MYR, which is 0.04% more than the next best option.
Fastest way to send money to Malaysia
The fastest option is Revolut. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 31,402.52 MYR, with the money arriving in within minutes.
A bonifico can move euros from your Italian bank to the transfer company through SEPA.
Companies like Regency FX then convert the money into MYR and pay your recipient in Malaysia through a local bank, a wallet, or a cash-pickup network.
SEPA may fund the transfer quickly, but the delivery time depends on the local payout method.
In Italy, the term "money transfer" often means a cash-agent shop rather than an online bank transfer.
The Banca d'Italia confirms that money remittance must be provided by a bank, electronic money institution or authorised payment institution.
Their Italian agents must appear in the OAM register.
Italian banks and transfer companies can pause a large, unusual or poorly explained payment while they check its purpose and source.
Use a clear causale and keep the document that explains the money ready.
For property proceeds, tuition or moving savings, tell the bank before the transfer is due.
If a payment-service complaint is not resolved directly, the Arbitro Bancario Finanziario is the Italian financial ombudsman route.
Every company here is registered with Banca d'Italia or passported in from elsewhere in the EU.
We track 8 of them on EUR to Malaysia, comparing rates, fees and the ways to pay in and collect, updated in real time on live comparisons.
In the past 30 days alone, we analysed 94 comparisons across 5 amounts.
This page covers the cheapest and fastest options for EUR/MYR transfers. This is how we pick them:
Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.
Nothing appears without passing our review.
Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.
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