Best companies for MYR/MAD transfers
2 of 2 providers Last updated on 28 October 2026
Based on 8,200 MYR transfer Best companies for MYR/MAD transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee RM 197.91 1 MYR = 2.4188 MAD +0.04% vs mid-market	Recipient gets MAD 19,355.14 Same day
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Morocco with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer RM 197.911 MYR = 2.4188 MAD MAD 19,355.14You payRM 8,200.00
Run a live search Showing top Malaysia to Morocco 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 MAD rates.
Run a live search These companies offer multi-currency accounts for spending MAD. We suggest doing a live search based on how much MYR you're planning to spend in Morocco.
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 = 2.4132 MAD +0.27% vs mid-market	Recipient gets MAD 19,788.06 Minutes - 24 hours
0 reviews CheapestFastest Personal account manager
Ways to receive money in Morocco with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 2.4132 MAD MAD 19,788.06You payRM 8,200.00
Wise Pay via Bank transfer	Fee RM 197.91 1 MYR = 2.4188 MAD +0.04% vs mid-market	Recipient gets MAD 19,355.14 Same day
25 reviews Recommended Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Morocco with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer RM 197.911 MYR = 2.4188 MAD MAD 19,355.14You payRM 8,200.00

Wise Pay via FPX	Fee RM 197.91 1 MYR = 2.4188 MAD +0.04% vs mid-market	Recipient gets MAD 19,355.14 Same day
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Morocco with Wise when paying by fpx. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer RM 197.911 MYR = 2.4188 MAD MAD 19,355.14You payRM 8,200.00
How Our Results Work Mid-market rate: 1 MYR = 2.4197 MAD Updates every 60 minutes.

Why compare

MYR/MAD exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Malaysia to Morocco

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 Morocco.

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 Morocco.

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 Morocco?

How much MYR you send to Morocco 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	2.67%	RM 5.00	MAD 2,344.65with debit card to cash pickup	+MAD 17.33
RM 5,000	0.04%	RM 128.42	MAD 11,784.84with bank transfer to bank deposit	+MAD 4.82
RM 8,200This page	0.27%	RM 0.00	MAD 19,788.06with bank transfer to bank deposit	+MAD 288.61
RM 10,000	0.27%	RM 0.00	MAD 24,131.77with bank transfer to bank deposit	+MAD 400.25

Mid-market rate: 1 MYR = 2.4197 MAD

MYR/MAD Exchange Rate History

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

The cheapest way to send MYR to MAD 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 Morocco.

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 MAD 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 MAD on every transfer from Malaysia.

Right now, Regency FX pays 19,788.06 MAD on 8,200 MYR, which is 53.57 MAD less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 19,947.26 MAD.

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 Morocco.

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 92 comparisons
Cheapest in 29% 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 MAD, 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 Morocco.

Wise (today's second cheapest) was the cheapest in only 29% of its comparisons, so it's rarely the cheapest option for transfers to Morocco.

Ways to send money from Malaysia to Morocco

There are 5 ways to send money from Malaysia to Morocco 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 197.91 and 0.04% markup to send MYR 8,200 and your recipient gets DH19,355.14 in next day.

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 Morocco.

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

Holding multiple balances

Multi-currency accounts

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

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

When converting MYR to MAD, 8,200 MYR will get you 19,355.14 MAD (after fees).

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

Ways to fund MYR and receive MAD in Morocco

With Regency FX, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 8,200 gives your recipient 19,788.06 MAD.

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 Morocco.

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

The recipient can receive MAD 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 Morocco.

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

DH19,788

Cheapest
2

Fpx Bank deposit

You pay RM8,200.00

DH19,355

-DH433

Things to check before sending MYR to Morocco

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

Best ways to send MYR to Morocco

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 19,788.06 MAD, which is 2.19% more than the next best option.
Fastest - Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 19,788.06 MAD in minutes - 24 hours.

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 Morocco, 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/MAD 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.

Send money from Malaysia

Send money to Morocco

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Tue, 29 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.3625	–	MAD 19,372.11
Regency FX Cheapest	2.3561	RM 0.00	MAD 19,319.80	−MAD 52.31
Wise	2.3679	RM 197.91	MAD 18,948.15	−MAD 423.96

Wed, 30 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.3754	–	MAD 19,478.26
Regency FX Cheapest	2.3690	RM 0.00	MAD 19,425.66	−MAD 52.60
Wise	2.3681	RM 197.91	MAD 18,949.59	−MAD 528.67

Thu, 1 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.3811	–	MAD 19,525.03
Regency FX Cheapest	2.3747	RM 0.00	MAD 19,472.31	−MAD 52.72
Wise	2.3770	RM 197.91	MAD 19,020.81	−MAD 504.22

Fri, 2 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.4009	–	MAD 19,687.06
Regency FX Cheapest	2.3944	RM 0.00	MAD 19,633.91	−MAD 53.15
Wise	2.4017	RM 197.91	MAD 19,218.94	−MAD 468.12

Sat, 3 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.4337	–	MAD 19,956.49
Regency FX Cheapest	2.4271	RM 0.00	MAD 19,902.61	−MAD 53.88
Wise	2.4312	RM 197.91	MAD 19,454.92	−MAD 501.57

Sun, 4 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.4268	–	MAD 19,900.09
Regency FX Cheapest	2.4203	RM 0.00	MAD 19,846.36	−MAD 53.73
Wise	2.4312	RM 197.91	MAD 19,454.92	−MAD 445.17

Mon, 5 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.4291	–	MAD 19,918.56
Regency FX Cheapest	2.4225	RM 0.00	MAD 19,864.78	−MAD 53.78
Wise	2.4318	RM 197.91	MAD 19,459.08	−MAD 459.48

Tue, 6 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.4380	–	MAD 19,991.34
Regency FX Cheapest	2.4314	RM 0.00	MAD 19,937.36	−MAD 53.98
Wise	2.4457	RM 197.91	MAD 19,570.63	−MAD 420.71

Wed, 7 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.4392	–	MAD 20,001.27
Regency FX Cheapest	2.4326	RM 0.00	MAD 19,947.26	−MAD 54.01
Wise	2.4420	RM 197.91	MAD 19,541.26	−MAD 460.01

Thu, 8 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.4363	–	MAD 19,977.72
Regency FX Cheapest	2.4297	RM 0.00	MAD 19,923.78	−MAD 53.94
Wise	2.4402	RM 197.91	MAD 19,527.02	−MAD 450.70

Fri, 9 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.4291	–	MAD 19,918.26
Regency FX Cheapest	2.4225	RM 0.00	MAD 19,864.48	−MAD 53.78
Wise	2.4240	RM 197.91	MAD 19,397.39	−MAD 520.87

Sat, 10 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.4069	–	MAD 19,736.79
Regency FX Cheapest	2.4004	RM 0.00	MAD 19,683.50	−MAD 53.29
Wise	2.3876	RM 197.91	MAD 19,105.39	−MAD 631.40

Mon, 12 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.4027	–	MAD 19,702.21
Regency FX Cheapest	2.3962	RM 0.00	MAD 19,649.01	−MAD 53.20
Wise	2.3880	RM 197.91	MAD 19,109.31	−MAD 592.90

Tue, 13 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.3723	–	MAD 19,453.08
Regency FX Cheapest	2.3659	RM 0.00	MAD 19,400.56	−MAD 52.52
Wise	2.3777	RM 197.91	MAD 19,026.97	−MAD 426.11

Wed, 14 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.3911	–	MAD 19,606.98
Regency FX Cheapest	2.3846	RM 0.00	MAD 19,554.04	−MAD 52.94
Wise	2.4024	RM 197.91	MAD 19,224.22	−MAD 382.76

Thu, 15 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.4099	–	MAD 19,761.18
Regency FX Cheapest	2.4034	RM 0.00	MAD 19,707.82	−MAD 53.36
Wise	2.4095	RM 197.91	MAD 19,280.72	−MAD 480.46

Fri, 16 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.4013	–	MAD 19,690.41
Regency FX Cheapest	2.3948	RM 0.00	MAD 19,637.25	−MAD 53.16
Wise	2.3867	RM 197.91	MAD 19,098.75	−MAD 591.66

Sat, 17 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.3828	–	MAD 19,539.37
Regency FX Cheapest	2.3764	RM 0.00	MAD 19,486.61	−MAD 52.76
Wise	2.3891	RM 197.91	MAD 19,117.63	−MAD 421.74

Mon, 19 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.3878	–	MAD 19,579.73
Regency FX Cheapest	2.3813	RM 0.00	MAD 19,526.87	−MAD 52.86
Wise	2.3900	RM 197.91	MAD 19,125.00	−MAD 454.73

Tue, 20 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.3959	–	MAD 19,646.57
Regency FX Cheapest	2.3895	RM 0.00	MAD 19,593.52	−MAD 53.05
Wise	2.3970	RM 197.91	MAD 19,181.33	−MAD 465.24

Wed, 21 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.3967	–	MAD 19,653.19
Regency FX Cheapest	2.3903	RM 0.00	MAD 19,600.12	−MAD 53.07
Wise	2.3991	RM 197.91	MAD 19,197.89	−MAD 455.30

Thu, 22 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.4049	–	MAD 19,720.07
Regency FX Cheapest	2.3984	RM 0.00	MAD 19,666.82	−MAD 53.25
Wise	2.3976	RM 197.91	MAD 19,185.97	−MAD 534.10

Fri, 23 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.4017	–	MAD 19,694.04
Regency FX Cheapest	2.3952	RM 0.00	MAD 19,640.86	−MAD 53.18
Wise	2.4046	RM 197.91	MAD 19,241.67	−MAD 452.37

Sat, 24 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.4026	–	MAD 19,701.62
Regency FX Cheapest	2.3961	RM 0.00	MAD 19,648.43	−MAD 53.19
Wise	2.4039	RM 197.91	MAD 19,236.38	−MAD 465.24

Mon, 26 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	2.3984	–	MAD 19,666.50
Regency FX Cheapest	2.3919	RM 0.00	MAD 19,613.40	−MAD 53.10
Wise	2.4030	RM 197.91	MAD 19,228.62	−MAD 437.88

How to send money to Morocco from Malaysia with the best MYR-MAD rate

Best companies for MYR/MAD transfers