Best companies for MYR/CNY transfers
3 of 3 providers Last updated on 28 October 2026
Based on 8,200 MYR transfer Best companies for MYR/CNY transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee RM 108.61 1 MYR = 1.6348 CNY +0.02% vs mid-market	Recipient gets ¥13,227.64 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in China with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 108.611 MYR = 1.6348 CNY ¥13,227.64You payRM 8,200.00
Promoted Xe Pay via Bank transfer	Fee RM 0.00 1 MYR = 1.6239 CNY +0.69% vs mid-market	Recipient gets ¥13,315.98 Minutes - 24 hours
4 reviews Personal account managerReceive to bank accountDedicated support for larger transactions
Ways to receive money in China with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 1.6239 CNY ¥13,315.98You payRM 8,200.00
Run a live search Showing top Malaysia to China deals for 8,200 MYR. 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 MYR to CNY rates.
Run a live search These companies offer multi-currency accounts for spending CNY. We suggest doing a live search based on how much MYR you're planning to spend in China.
Run a live search These are managed services with real human support for large MYR 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 RM 0.00 1 MYR = 1.6307 CNY +0.27% vs mid-market	Recipient gets ¥13,371.46 Minutes - 24 hours
0 reviews Cheapest Personal account manager
Ways to receive money in China with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 1.6307 CNY ¥13,371.46You payRM 8,200.00
Xe Pay via Bank transfer	Fee RM 0.00 1 MYR = 1.6239 CNY +0.69% vs mid-market	Recipient gets ¥13,315.98 Minutes - 24 hours
4 reviews Personal account managerReceive to bank accountDedicated support for larger transactions
Ways to receive money in China with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 1.6239 CNY ¥13,315.98You payRM 8,200.00
Wise Pay via Bank transfer	Fee RM 108.61 1 MYR = 1.6348 CNY +0.02% vs mid-market	Recipient gets ¥13,227.64 Within minutes
25 reviews FastestRecommended Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in China with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 108.611 MYR = 1.6348 CNY ¥13,227.64You payRM 8,200.00

Wise Pay via FPX	Fee RM 108.61 1 MYR = 1.6348 CNY +0.02% vs mid-market	Recipient gets ¥13,227.64 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in China with Wise when paying by fpx. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 108.611 MYR = 1.6348 CNY ¥13,227.64You payRM 8,200.00
How Our Results Work Mid-market rate: 1 MYR = 1.6351 CNY Updates every 60 minutes.

Why compare

MYR/CNY exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Malaysia to China

Pick a company

I suggest starting with Regency FX which is the cheapest option for sending RM8,200.

Regency FX was the cheapest on 30 of the 30 days it quoted RM8,200 transfers to China.

Fund your transfer

There are a few ways to fund your transfer, including bank transfer and fpx.

DuitNow and FPX are most common, both free and instant from your banking app.

This is for funding your money transfer account, not direct transfers to China.

Verify and send

First time round you'll need your IC, or a passport and permit if you're a foreign worker.

Run a new recipient's account through Semak Mule before you send to confirm their details.

Compare amounts

How much MYR are you sending to China?

How much MYR you send to China 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 100% of the transfers from RM8,200 it quoted, and in 100% of all the transfers it quoted.


RM 1,000	0.00%	RM 26.05	¥1,592.82with bank transfer to bank deposit	¥0.00
RM 5,000	0.62%	RM 0.00	¥8,126.00with bank transfer to bank deposit	+¥45.13
RM 8,200This page	0.27%	RM 0.00	¥13,371.46with bank transfer to bank deposit	+¥85.78
RM 10,000	0.27%	RM 0.00	¥16,306.67with bank transfer to bank deposit	+¥99.25

Mid-market rate: 1 MYR = 1.6351 CNY

MYR/CNY Exchange Rate History

Is today a good time to send money from Malaysia to China?

The cheapest way to send MYR to CNY 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 8,200 MYR transfers to China.

Each line shows what the recipient gets when you send RM 8,200, after fees, as quoted by each company. The mid-market line shows what RM 8,200 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 CNY per MYR 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 CNY on every transfer from Malaysia.

Right now, Regency FX pays 13,371.46 CNY on 8,200 MYR, which is 36.2 CNY less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 13,446.32 CNY.

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.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to China.

We've tracked 92 comparisons to check how often today's top companies were the cheapest across 4 amounts over the past month.

Regency FXAppeared in 46 comparisons
Cheapest every time
XeAppeared in 58 comparisons
Cheapest in 9% of them
WiseAppeared in 92 comparisons
Cheapest in 17% of them

Based on 92 comparisons across 4 amounts over the last 30 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 and gets you the most CNY, and it was also the cheapest in 100% of the 46 comparisons it appeared in over the past month.

It's a good pick for both one-off and regular transfers to China.

Xe (today's second cheapest) was the cheapest in only 9% of its comparisons, so it's rarely the cheapest option for transfers to China.

Ways to send money from Malaysia to China

There are 5 ways to send money from Malaysia to China across 3 money transfer services.

Regular transfers from Malaysia

Online transfers

Online services and apps work well for smaller transfers sent home every month.

Xe charges MYR 0 and 0.69% markup to send MYR 8,200 and your recipient gets 元13,315.98 in minutes - 24 hours.

In our comparisons over the past month, it was the cheapest online service on 22 of the 30 days it quoted.

SST may appear separately on the fee.

Large transfers from Malaysia

Currency brokers

Brokers are best for large MYR transfers to China.

Regency FX is a good option. They charge no fees and add 0.27% markup on the MYR/CNY exchange rate.

Our analysis shows Regency FX was the cheapest broker in 100% of all the transfers it quoted.

You get an account manager to handle your transfer, and it’s useful for things like home purchases in China, tuition fees, or moving savings from Malaysia to China.

Holding multiple balances

Multi-currency accounts

A multi-currency account is useful if you receive income from China, or travel there often.

Wise lets you hold MYR and CNY in one account, and convert between them when you need.

When converting MYR to CNY, 8,200 MYR will get you 13,227.64 CNY (after fees).

Over the past month, Wise came out cheapest among multi-currency accounts on 100% of days.

Ways to fund MYR and receive CNY in China

With Regency FX, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 8,200 gives your recipient 13,371.46 CNY.

You can fund your transfer in MYR through bank transfer and fpx.

Paying through online banking (FPX)

Choose fpx at checkout and approve the payment through your Malaysian bank.

This is the simplest and quickest way to fund your account when sending money to China.

The processing fee may include SST, so double check the final CNY amount first.

The recipient can receive CNY through bank deposit.

They can receive money directly to the bank or card

For a card and bank deposit, you will need the recipient's account name, account number and bank details in China.

Double check the info, since it's very hard to stop or reverse once it leaves your account.

1

Bank transfer Bank deposit

You pay RM8,200.00

元13,371

Cheapest
2

Fpx Bank deposit

You pay RM8,200.00

元13,228

-元144

Things to check before sending MYR to China

Here are a few things to know about money transfers from Malaysia to China.

Best ways to send MYR to China

For a RM 8,200 transfer, these are the best options:

Cheapest - Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 13,371.46 CNY, which is 0.41% more than the next best option.
Fastest - Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 13,227.64 CNY in within minutes.

Transfers and overseas investments are different

Malaysia's Foreign Exchange Policy does not impose the overseas-investment limit on an ordinary payment for family support, education, goods or services.

Different rules can apply when a resident converts ringgit to invest in foreign-currency assets, particularly if they have domestic ringgit borrowing.

Bank Negara Malaysia keeps the current FEP rules and notices here.

Documents needed

A bank or licensed money services business can ask what the payment is for and where the money came from.

Keep the quote, receipt and any supporting invoice or employment record to hand over if needed.

Check the recipient before you send

For a new bank account, check the recipient details through the Royal Malaysia Police Semak Mule service first.

Only use a bank or money transfer service regulated by Bank Negara Malaysia.

Check the company in BNM's list of licensed MSB operators before paying an unfamiliar agent.

If you realise you have sent money to a scammer, contact your bank and call the National Scam Response Centre on 997.

How we analyse the market

Every company here holds a Bank Negara money services licence, and the register is public if you want to check one yourself.

We track 3 of them on MYR to China, comparing rates, fees and the ways to pay in and collect, refreshed in real time on live comparisons.

In the past 30 days alone, we analysed 92 comparisons across 4 amounts.

This page covers the cheapest and fastest options for MYR/CNY 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.

Each also goes through 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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Tue, 29 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6442	–	¥13,482.72
Regency FX Cheapest	1.6398	RM 0.00	¥13,446.32	−¥36.40
Xe	1.6336	RM 0.00	¥13,395.52	−¥87.20
Wise	1.6431	RM 108.55	¥13,294.90	−¥187.82

Wed, 30 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6426	–	¥13,469.44
Regency FX Cheapest	1.6382	RM 0.00	¥13,433.08	−¥36.36
Xe	1.6329	RM 0.00	¥13,389.78	−¥79.66
Wise	1.6428	RM 108.55	¥13,292.88	−¥176.56

Thu, 1 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6419	–	¥13,463.36
Regency FX Cheapest	1.6374	RM 0.00	¥13,427.01	−¥36.35
Xe	1.6324	RM 0.00	¥13,385.68	−¥77.68
Wise	1.6423	RM 108.56	¥13,288.57	−¥174.79

Fri, 2 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6419	–	¥13,463.39
Regency FX Cheapest	1.6374	RM 0.00	¥13,427.04	−¥36.35
Xe	1.6313	RM 0.00	¥13,376.66	−¥86.73
Wise	1.6422	RM 108.56	¥13,288.09	−¥175.30

Sat, 3 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6413	–	¥13,458.65
Regency FX Cheapest	1.6369	RM 0.00	¥13,422.31	−¥36.34
Wise	1.6412	RM 108.57	¥13,279.65	−¥179.00
Xe	1.6086	RM 0.00	¥13,190.52	−¥268.13

Mon, 5 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6405	–	¥13,451.70
Regency FX Cheapest	1.6360	RM 0.00	¥13,415.38	−¥36.32
Xe	1.6309	RM 0.00	¥13,373.38	−¥78.32
Wise	1.6402	RM 108.57	¥13,271.81	−¥179.89

Tue, 6 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6409	–	¥13,455.01
Regency FX Cheapest	1.6364	RM 0.00	¥13,418.68	−¥36.33
Xe	1.6304	RM 0.00	¥13,369.28	−¥85.73
Wise	1.6409	RM 108.57	¥13,277.07	−¥177.94

Wed, 7 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6407	–	¥13,453.82
Regency FX Cheapest	1.6363	RM 0.00	¥13,417.50	−¥36.32
Xe	1.6313	RM 0.00	¥13,376.66	−¥77.16
Wise	1.6410	RM 108.57	¥13,277.87	−¥175.95

Thu, 8 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6393	–	¥13,442.50
Regency FX Cheapest	1.6349	RM 0.00	¥13,406.20	−¥36.30
Xe	1.6293	RM 0.00	¥13,360.26	−¥82.24
Wise	1.6386	RM 108.58	¥13,258.92	−¥183.58

Fri, 9 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6393	–	¥13,442.64
Regency FX Cheapest	1.6349	RM 0.00	¥13,406.34	−¥36.30
Xe	1.6286	RM 0.00	¥13,354.52	−¥88.12
Wise	1.6382	RM 108.59	¥13,255.02	−¥187.62

Sat, 10 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6380	–	¥13,431.79
Regency FX Cheapest	1.6336	RM 0.00	¥13,395.52	−¥36.27
Wise	1.6383	RM 108.59	¥13,256.32	−¥175.47
Xe	1.6067	RM 0.00	¥13,174.94	−¥256.85

Mon, 12 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6384	–	¥13,435.09
Regency FX Cheapest	1.6340	RM 0.00	¥13,398.81	−¥36.28
Xe	1.6287	RM 0.00	¥13,355.34	−¥79.75
Wise	1.6387	RM 108.58	¥13,259.81	−¥175.28

Tue, 13 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6380	–	¥13,431.80
Regency FX Cheapest	1.6336	RM 0.00	¥13,395.53	−¥36.27
Xe	1.6291	RM 0.00	¥13,358.62	−¥73.18
Wise	1.6389	RM 108.58	¥13,261.35	−¥170.45

Wed, 14 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6396	–	¥13,444.97
Regency FX Cheapest	1.6352	RM 0.00	¥13,408.67	−¥36.30
Xe	1.6305	RM 0.00	¥13,370.10	−¥74.87
Wise	1.6401	RM 108.57	¥13,270.35	−¥174.62

Thu, 15 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6397	–	¥13,445.50
Regency FX Cheapest	1.6353	RM 0.00	¥13,409.20	−¥36.30
Xe	1.6299	RM 0.00	¥13,365.18	−¥80.32
Wise	1.6396	RM 108.58	¥13,266.53	−¥178.97

Fri, 16 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6396	–	¥13,444.38
Regency FX Cheapest	1.6351	RM 0.00	¥13,408.08	−¥36.30
Xe	1.6287	RM 0.00	¥13,355.34	−¥89.04
Wise	1.6386	RM 108.58	¥13,258.84	−¥185.54

Sat, 17 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6387	–	¥13,437.45
Regency FX Cheapest	1.6343	RM 0.00	¥13,401.17	−¥36.28
Wise	1.6374	RM 108.59	¥13,248.96	−¥188.49
Xe	1.6068	RM 0.00	¥13,175.76	−¥261.69

Mon, 19 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6392	–	¥13,441.09
Regency FX Cheapest	1.6347	RM 0.00	¥13,404.80	−¥36.29
Xe	1.6270	RM 0.00	¥13,341.40	−¥99.69
Wise	1.6369	RM 108.60	¥13,244.49	−¥196.60

Tue, 20 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6360	–	¥13,415.22
Regency FX Cheapest	1.6316	RM 0.00	¥13,379.00	−¥36.22
Xe	1.6252	RM 0.00	¥13,326.64	−¥88.58
Wise	1.6358	RM 108.60	¥13,235.67	−¥179.55

Wed, 21 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6362	–	¥13,416.95
Regency FX Cheapest	1.6318	RM 0.00	¥13,380.72	−¥36.23
Xe	1.6267	RM 0.00	¥13,338.94	−¥78.01
Wise	1.6366	RM 108.60	¥13,242.06	−¥174.89

Thu, 22 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6361	–	¥13,415.97
Regency FX Cheapest	1.6317	RM 0.00	¥13,379.75	−¥36.22
Xe	1.6258	RM 0.00	¥13,331.56	−¥84.41
Wise	1.6350	RM 108.61	¥13,229.67	−¥186.30

Fri, 23 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6349	–	¥13,405.79
Regency FX Cheapest	1.6304	RM 0.00	¥13,369.60	−¥36.19
Xe	1.6236	RM 0.00	¥13,313.52	−¥92.27
Wise	1.6332	RM 108.62	¥13,214.68	−¥191.11

Sat, 24 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6347	–	¥13,404.15
Regency FX Cheapest	1.6302	RM 0.00	¥13,367.96	−¥36.19
Wise	1.6327	RM 108.62	¥13,210.96	−¥193.19
Xe	1.6014	RM 0.00	¥13,131.48	−¥272.67

Mon, 26 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6341	–	¥13,399.89
Regency FX Cheapest	1.6297	RM 0.00	¥13,363.71	−¥36.18
Xe	1.6225	RM 0.00	¥13,304.50	−¥95.39
Wise	1.6316	RM 108.63	¥13,201.72	−¥198.17

Tue, 27 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	1.6320	–	¥13,382.29
Regency FX Cheapest	1.6276	RM 0.00	¥13,346.16	−¥36.13
Xe	1.6225	RM 0.00	¥13,304.50	−¥77.79
Wise	1.6320	RM 108.63	¥13,205.44	−¥176.85

How to send money to China from Malaysia with the best MYR-CNY rate

Best companies for MYR/CNY transfers