Regency FX is the cheapest way to send money to Mexico, giving your recipient 132,921.47 MXN from RM31,525.
If you need money fast, we suggest using Wise, your MXN transfer will arrive in same day.
| 2 of 2 providers Last updated on 21 September 2026 This page updates weekly. We collect, store, and analyze MYR/MXN exchange rates from our comparisons. | |||
| Based on 31,525 MYR transfer Best companies for MYR/MXN transfersAll money transfer offers for MYR/MXN transfers, sorted by most MXN received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Promoted  Wise Pay via Bank transfer | Fee RM 258.19 1 MYR = 4.2274 MXN +0.01% vs mid-market | Recipient gets $132,176.69 Within 3 hours | |
Ways to receive money in Mexico with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin 3 hoursAvailable via:Bank Transfer RM 258.191 MYR = 4.2274 MXN $132,176.69You payRM 31,525.00 | |||
| Promoted  Regency FX Pay via Bank transfer | Fee RM 0.00 1 MYR = 4.2164 MXN +0.27% vs mid-market | Recipient gets $132,921.47 Minutes - 24 hours | |
Ways to receive money in Mexico with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 4.2164 MXN $132,921.47You payRM 31,525.00 | |||
Run a live search Showing top Malaysia to Mexico 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 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 = 4.2164 MXN +0.27% vs mid-market | Recipient gets $132,921.47 Minutes - 24 hours | |
Ways to receive money in Mexico with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 4.2164 MXN $132,921.47You payRM 31,525.00 | |||
| Wise Pay via Bank transfer | Fee RM 258.19 1 MYR = 4.2274 MXN +0.01% vs mid-market | Recipient gets $132,176.69 Within 3 hours | |
Ways to receive money in Mexico with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin 3 hoursAvailable via:Bank Transfer RM 258.191 MYR = 4.2274 MXN $132,176.69You payRM 31,525.00 | |||
| How Our Results Work Mid-market rate: 1 MYR = 4.227798 MXN 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.
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.
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 2 money transfer services send money from Malaysia to Mexico.
Regular transfers from Malaysia
Online services and apps work well for smaller transfers sent home every month.
Wise charges MYR 258.19 and 0.01% markup to send MYR 31,525 and your recipient gets $132,176.69 in same day.
SST may appear separately on the fee.
Large transfers from Malaysia
Brokers are best for large MYR transfers to Mexico.
Regency FX is a good option, they charge no fees and add 0.4% markup on the MYR/MXN exchange rate.
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
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, 31,525 MYR will get you 132,176.69 MXN (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 132,921.47 MXN.
You can fund your transfer in MYR through bank transfer.
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 its very hard to stop or reverse once it leaves your account.
You pay RM31,525.00
$132,921
Cheapest
Here are a few things to know about money transfers from Malaysia to Mexico.
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 132,921.47 MXN, which is 0.56% more than the next best option.
Fastest - Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 132,176.69 MXN 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 Mexican Pesos your recipient gets for your Malaysian Ringgit.
Mid-market rate:1 MYR = 4.218991 MXN
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.
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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