Best companies for MYR/MXN transfers
2 of 2 providers Last updated on 28 October 2026
Based on 8,200 MYR transfer Best companies for MYR/MXN transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee RM 70.77 1 MYR = 4.5801 MXN 0.00% vs mid-market	Recipient gets $37,232.61 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Mexico with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 70.771 MYR = 4.5801 MXN $37,232.61You payRM 8,200.00
Run a live search Showing top Malaysia to Mexico 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 MXN rates.
Run a live search These companies offer multi-currency accounts for spending MXN. We suggest doing a live search based on how much MYR you're planning to spend in Mexico.
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 = 4.5677 MXN +0.27% vs mid-market	Recipient gets $37,454.91 Minutes - 24 hours
0 reviews Cheapest Personal account manager
Ways to receive money in Mexico with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 4.5677 MXN $37,454.91You payRM 8,200.00
Wise Pay via Bank transfer	Fee RM 70.77 1 MYR = 4.5801 MXN 0.00% vs mid-market	Recipient gets $37,232.61 Within minutes
25 reviews FastestRecommended Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Mexico with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 70.771 MYR = 4.5801 MXN $37,232.61You payRM 8,200.00

Wise Pay via FPX	Fee RM 70.77 1 MYR = 4.5801 MXN 0.00% vs mid-market	Recipient gets $37,232.61 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Mexico with Wise when paying by fpx. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 70.771 MYR = 4.5801 MXN $37,232.61You payRM 8,200.00
How Our Results Work Mid-market rate: 1 MYR = 4.5800 MXN Updates every 60 minutes.

Why compare

MYR/MXN exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Malaysia to Mexico

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 Mexico.

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 Mexico.

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 Mexico?

How much MYR you send to Mexico 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 12.93	$4,516.87with bank transfer to bank deposit	+$6.54
RM 5,000	0.01%	RM 45.06	$22,670.49with bank transfer to bank deposit	$0.00
RM 8,200This page	0.27%	RM 0.00	$37,454.91with bank transfer to bank deposit	+$148.20
RM 10,000	0.27%	RM 0.00	$45,657.58with bank transfer to bank deposit	+$227.95

Mid-market rate: 1 MYR = 4.5800 MXN

MYR/MXN Exchange Rate History

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

The cheapest way to send MYR to MXN 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 Mexico.

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 MXN 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 MXN on every transfer from Malaysia.

Right now, Regency FX pays 37,454.91 MXN on 8,200 MYR, which is 101.4 MXN less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 37,613.47 MXN.

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 Mexico.

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
WiseAppeared in 91 comparisons
Cheapest in 48% 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 MXN, 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 Mexico.

Wise (today's second cheapest) was the cheapest in only 48% of its comparisons, so it's rarely the cheapest option for transfers to Mexico.

Ways to send money from Malaysia to Mexico

There are 5 ways to send money from Malaysia to Mexico across 2 money transfer services.

Regular transfers from Malaysia

Online transfers

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

Wise charges MYR 70.77 and 0% markup to send MYR 8,200 and your recipient gets MX$37,232.61 in within minutes.

In our comparisons over the past month, it was the cheapest online service on 30 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 Mexico.

Regency FX is a good option. They charge no fees and add 0.27% markup on the MYR/MXN 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 Mexico, tuition fees, or moving savings from Malaysia to Mexico.

Holding multiple balances

Multi-currency accounts

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

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

When converting MYR to MXN, 8,200 MYR will get you 37,232.61 MXN (after fees).

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

Ways to fund MYR and receive MXN in Mexico

With Regency FX, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 8,200 gives your recipient 37,454.91 MXN.

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 Mexico.

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

The recipient can receive MXN 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 Mexico.

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

MX$37,455

Cheapest
2

Fpx Bank deposit

You pay RM8,200.00

MX$37,233

-MX$222

Things to check before sending MYR to Mexico

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

Best ways to send MYR to Mexico

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 37,454.91 MXN, which is 0.59% more than the next best option.
Fastest - Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 37,232.61 MXN 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 2 of them on MYR to Mexico, 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/MXN 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	4.4050	–	$36,121.16
Regency FX Cheapest	4.3931	RM 0.00	$36,023.64	−$97.52
Wise	4.4069	RM 70.77	$35,824.46	−$296.70

Wed, 30 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.4207	–	$36,250.13
Regency FX Cheapest	4.4088	RM 0.00	$36,152.26	−$97.87
Wise	4.4204	RM 70.77	$35,934.20	−$315.93

Thu, 1 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.4377	–	$36,388.76
Regency FX Cheapest	4.4257	RM 0.00	$36,290.51	−$98.25
Wise	4.4377	RM 70.77	$36,075.17	−$313.59

Fri, 2 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.4693	–	$36,648.41
Regency FX Cheapest	4.4573	RM 0.00	$36,549.46	−$98.95
Wise	4.4690	RM 70.77	$36,329.20	−$319.21

Sat, 3 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.4459	–	$36,456.64
Regency FX Cheapest	4.4339	RM 0.00	$36,358.21	−$98.43
Wise	4.4464	RM 70.77	$36,145.56	−$311.08

Sun, 4 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.4458	–	$36,455.84
Regency FX Cheapest	4.4338	RM 0.00	$36,357.41	−$98.43
Wise	4.4464	RM 70.77	$36,145.56	−$310.28

Mon, 5 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.4566	–	$36,543.96
Regency FX Cheapest	4.4445	RM 0.00	$36,445.30	−$98.66
Wise	4.4573	RM 70.77	$36,234.17	−$309.79

Tue, 6 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.4250	–	$36,285.36
Regency FX Cheapest	4.4131	RM 0.00	$36,187.39	−$97.97
Wise	4.4241	RM 70.77	$35,964.20	−$321.16

Wed, 7 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.4137	–	$36,192.74
Regency FX Cheapest	4.4018	RM 0.00	$36,095.02	−$97.72
Wise	4.4141	RM 70.77	$35,883.56	−$309.18

Thu, 8 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.4116	–	$36,175.14
Regency FX Cheapest	4.3997	RM 0.00	$36,077.47	−$97.67
Wise	4.4118	RM 70.77	$35,864.37	−$310.77

Fri, 9 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.4426	–	$36,429.57
Regency FX Cheapest	4.4306	RM 0.00	$36,331.21	−$98.36
Wise	4.4446	RM 70.77	$36,130.85	−$298.72

Sat, 10 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.5072	–	$36,958.88
Regency FX Cheapest	4.4950	RM 0.00	$36,859.10	−$99.78
Wise	4.5066	RM 70.77	$36,635.27	−$323.61

Mon, 12 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.5023	–	$36,919.10
Regency FX Cheapest	4.4902	RM 0.00	$36,819.42	−$99.68
Wise	4.5035	RM 70.77	$36,610.39	−$308.71

Tue, 13 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.4615	–	$36,583.91
Regency FX Cheapest	4.4494	RM 0.00	$36,485.14	−$98.77
Wise	4.4622	RM 70.77	$36,274.58	−$309.33

Wed, 14 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.5121	–	$36,999.24
Regency FX Cheapest	4.4999	RM 0.00	$36,899.34	−$99.90
Wise	4.5132	RM 70.77	$36,688.60	−$310.64

Thu, 15 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.5280	–	$37,129.71
Regency FX Cheapest	4.5158	RM 0.00	$37,029.46	−$100.25
Wise	4.5293	RM 70.77	$36,819.56	−$310.15

Fri, 16 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.5078	–	$36,963.94
Regency FX Cheapest	4.4956	RM 0.00	$36,864.14	−$99.80
Wise	4.5082	RM 70.77	$36,648.36	−$315.58

Sat, 17 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.5290	–	$37,137.95
Regency FX Cheapest	4.5168	RM 0.00	$37,037.68	−$100.27
Wise	4.5301	RM 70.77	$36,826.14	−$311.81

Mon, 19 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.5346	–	$37,183.65
Regency FX Cheapest	4.5223	RM 0.00	$37,083.26	−$100.39
Wise	4.5349	RM 70.77	$36,865.49	−$318.16

Tue, 20 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.5058	–	$36,947.95
Regency FX Cheapest	4.4937	RM 0.00	$36,848.19	−$99.76
Wise	4.5049	RM 70.77	$36,621.29	−$326.66

Wed, 21 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.5336	–	$37,175.89
Regency FX Cheapest	4.5214	RM 0.00	$37,075.51	−$100.38
Wise	4.5338	RM 70.77	$36,855.98	−$319.91

Thu, 22 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.5994	–	$37,715.30
Regency FX Cheapest	4.5870	RM 0.00	$37,613.47	−$101.83
Wise	4.5990	RM 70.77	$37,386.49	−$328.81

Fri, 23 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.5915	–	$37,650.07
Regency FX Cheapest	4.5791	RM 0.00	$37,548.42	−$101.65
Wise	4.5902	RM 70.77	$37,314.47	−$335.60

Sat, 24 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.5696	–	$37,471.12
Regency FX Cheapest	4.5573	RM 0.00	$37,369.95	−$101.17
Wise	4.5701	RM 70.77	$37,151.48	−$319.64

Mon, 26 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	4.5776	–	$37,536.00
Regency FX Cheapest	4.5652	RM 0.00	$37,434.65	−$101.35
Wise	4.5771	RM 70.77	$37,208.30	−$327.70

How to send money to Mexico from Malaysia with the best MYR-MXN rate

Best companies for MYR/MXN transfers