Regency FX is the cheapest way to send money to Colombia, giving your recipient 24,577,708.99 COP from RM31,525.
If you need money fast, we suggest using Wise, your COP transfer will arrive in same day.
| 3 of 3 providers Last updated on 21 September 2026 This page updates weekly. We collect, store, and analyze MYR/COP exchange rates from our comparisons. | |||
| Based on 31,525 MYR transfer Best companies for MYR/COP transfersAll money transfer offers for MYR/COP transfers, sorted by most COP received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Promoted  Wise Pay via Bank transfer | Fee RM 532.37 1 MYR = 781.7540 COP 0.00% vs mid-market | Recipient gets $24,228,612.47 Same day | |
Ways to receive money in Colombia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer RM 532.371 MYR = 781.7540 COP $24,228,612.47You payRM 31,525.00 | |||
| Promoted  Regency FX Pay via Bank transfer | Fee RM 0.00 1 MYR = 779.6260 COP +0.27% vs mid-market | Recipient gets $24,577,708.99 Minutes - 24 hours | |
Ways to receive money in Colombia with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 779.6260 COP $24,577,708.99You payRM 31,525.00 | |||
Run a live search Showing top Malaysia to Colombia deals for 31,525 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 COP rates. | |||
Run a live search These companies offer multi-currency accounts for spending COP. We suggest doing a live search based on how much MYR you're planning to spend in Colombia. | |||
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 = 779.6260 COP +0.27% vs mid-market | Recipient gets $24,577,708.99 Minutes - 24 hours | |
Ways to receive money in Colombia with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 779.6260 COP $24,577,708.99You payRM 31,525.00 | |||
| Wise Pay via Bank transfer | Fee RM 532.37 1 MYR = 781.7540 COP 0.00% vs mid-market | Recipient gets $24,228,612.47 Same day | |
Ways to receive money in Colombia with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer RM 532.371 MYR = 781.7540 COP $24,228,612.47You payRM 31,525.00 | |||
| Only available via Mobile App  WorldRemit Pay via Debit card | Fee RM 5.00 1 MYR = 760.6739 COP +2.73% vs mid-market | Recipient gets $23,976,440.38 Minutes - 2 days | |
Ways to receive money in Colombia with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Mobile moneyMinutes - 2 days RM 5.001 MYR = 760.6739 COP $23,976,440.38You payRM 31,525.00 Bank depositMinutes - 2 days RM 5.001 MYR = 760.6739 COP $23,976,440.38You payRM 31,525.00 Cash pickupMinutes - 2 days RM 5.001 MYR = 758.3237 COP $23,902,363.02You payRM 31,525.00 | |||
| How Our Results Work Mid-market rate: 1 MYR = 781.736668 COP Updates every 60 minutes. | |||
Transfer details
I suggest starting with Regency FX which is the cheapest option for sending RM31,525.
There are a few ways to fund your transfer, including bank transfer and debit card.
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 Colombia.
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.
There are 5 ways across 3 money transfer services send money from Malaysia to Colombia.
Regular transfers from Malaysia
Online services and apps work well for smaller transfers sent home every month.
Wise charges MYR 532.37 and 0% markup to send MYR 31,525 and your recipient gets $24,228,612.47 in same day.
SST may appear separately on the fee.
Large transfers from Malaysia
Brokers are best for large MYR transfers to Colombia.
Regency FX is a good option, they charge no fees and add 0.4% markup on the MYR/COP exchange rate.
You get an account manager to handle your transfer, and it’s useful for things like home purchases in Colombia, tuition fees, or moving savings from Malaysia to Colombia.
Holding multiple balances
A multi-currency account is useful if you receive income from Colombia, or travel there often.
Wise lets you hold MYR and COP in one account, and convert between them when you need.
When converting MYR to COP, 31,525 MYR will get you 24,228,612.47 COP (after fees).
With Regency FX, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 31,525 gives your recipient 24,577,708.99 COP.
You can fund your transfer in MYR through bank transfer and debit card.
The processing fee may include SST, so double check the final COP amount first.
The recipient can receive COP through bank deposit, mobile money, and cash pickup.
They can receive mobile money
Enter the mobile number registered to the recipient's supported wallet in Colombia.
Check both the number and wallet provider beforehand.
Use our "mobile money" payout filter above to find the cheapest company offering it.
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 Colombia.
Double check the info, since its very hard to stop or reverse once it leaves your account.
You pay RM31,525.00
$24,577,709
Cheapest
You pay RM31,525.00
$23,976,440
-$601,269
You pay RM31,525.00
$23,976,440
-$601,269
You pay RM31,525.00
$23,902,363
-$675,346
Here are a few things to know about money transfers from Malaysia to Colombia.
For a RM 31,525 transfer, these are the best options:
Cheapest - Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 24,577,708.99 COP, which is 1.42% more than the next best option.
Fastest - Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 24,228,612.47 COP in same day.
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.
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.
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.
The exchange rate affects how many Colombian Peso your recipient gets for your Malaysian Ringgit.
Mid-market rate:1 MYR = 781.354272 COP
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 Colombia, comparing rates, fees and the ways to pay in and collect, refreshed in real time on live comparisons.
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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