Best companies for MYR/NGN transfers
3 of 3 providers Last updated on 10 November 2026
Based on 8,200 MYR transfer Best companies for MYR/NGN transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee RM 71.59 1 MYR = 340.8020 NGN -2.54% vs mid-market	Recipient gets ₦2,770,178.38 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Nigeria with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 71.591 MYR = 340.8020 NGN ₦2,770,178.38You payRM 8,200.00
Run a live search Showing top Malaysia to Nigeria 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 NGN rates.
Run a live search These companies offer multi-currency accounts for spending NGN. We suggest doing a live search based on how much MYR you're planning to spend in Nigeria.
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.
Wise Pay via Bank transfer	Fee RM 71.59 1 MYR = 340.8020 NGN -2.54% vs mid-market	Recipient gets ₦2,770,178.38 Within minutes
25 reviews CheapestFastestOur top pick Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Nigeria with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 71.591 MYR = 340.8020 NGN ₦2,770,178.38You payRM 8,200.00

Wise Pay via FPX	Fee RM 71.59 1 MYR = 340.8020 NGN -2.54% vs mid-market	Recipient gets ₦2,770,178.38 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Nigeria with Wise when paying by fpx. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 71.591 MYR = 340.8020 NGN ₦2,770,178.38You payRM 8,200.00
Exclusive: First Transfer Deal Regency FX Pay via Bank transfer	Fee RM 0.00 1 MYR = 331.3700 NGN +0.27% vs mid-market	Recipient gets ₦2,717,233.70 Minutes - 24 hours
0 reviews Personal account manager
Ways to receive money in Nigeria with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 331.3700 NGN ₦2,717,233.70You payRM 8,200.00
Only available via Mobile App WorldRemit Pay via Debit card	Fee RM 0.00 1 MYR = 328.2753 NGN +1.21% vs mid-market	Recipient gets ₦2,691,857.46 Minutes - 2 days
13 reviews Receive to bank account or cash pickup
Ways to receive money in Nigeria with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days Free1 MYR = 328.2753 NGN ₦2,691,857.46You payRM 8,200.00
How Our Results Work Mid-market rate: 1 MYR = 332.2671 NGN Updates every 60 minutes.

Why compare

MYR/NGN exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Malaysia to Nigeria

Pick a company

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

Wise was the cheapest on 29 of the 30 days it quoted RM8,200 transfers to Nigeria.

Fund your transfer

There are a few ways to fund your transfer, including bank transfer, FPX, 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 Nigeria.

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 Nigeria?

How much MYR you send to Nigeria 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 Wise was the cheapest in 97% of the transfers from RM8,200 it quoted, and in 95% of all the transfers it quoted.


RM 1,000	-2.63%	RM 13.04	₦336,445.78with bank transfer to bank deposit	+₦3,777.41
RM 5,000	-2.60%	RM 45.57	₦1,688,222.02with bank transfer to bank deposit	+₦17,016.79
RM 8,200This page	-2.54%	RM 71.59	₦2,770,178.38with bank transfer to bank deposit	+₦32,816.40
RM 10,000	-2.62%	RM 86.23	₦3,379,019.28with bank transfer to bank deposit	+₦41,074.46

Mid-market rate: 1 MYR = 332.2671 NGN

MYR/NGN Exchange Rate History

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

The cheapest way to send MYR to NGN 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 Wise), across 30 days of comparisons for 8,200 MYR transfers to Nigeria.

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 NGN per MYR than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 28 of the last 30 days.

Right now, Wise pays 2,770,178.38 NGN on 8,200 MYR, which is 45,588.28 NGN more than the mid-market amount, so it's a good deal (pretty much free money).

Today's payout is the highest in the past month.

If you need to send money now, it's a good time to send.

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 Nigeria.

We've tracked 118 comparisons to check how often today's top companies were the cheapest across 4 amounts over the past month.

WiseAppeared in 118 comparisons
Cheapest in 95% of them
Regency FXAppeared in 57 comparisons
Never the cheapest
WorldRemitAppeared in 97 comparisons
Cheapest in 3% of them

Based on 118 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 Wise is the cheapest and gets you the most NGN, and it was also the cheapest in 95% of the 118 comparisons it appeared in over the past month.

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

Ways to send money from Malaysia to Nigeria

There are 5 ways to send money from Malaysia to Nigeria across 3 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 71.59 and -2.54% markup to send MYR 8,200 and your recipient gets ₦2,770,178.38 in within minutes.

In our comparisons over the past month, it was the cheapest online service on 29 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 Nigeria.

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

Holding multiple balances

Multi-currency accounts

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

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

When converting MYR to NGN, 8,200 MYR will get you 2,770,178.38 NGN (after fees).

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

Ways to fund MYR and receive NGN in Nigeria

With Wise, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 8,200 gives your recipient 2,770,178.38 NGN.

You can fund your transfer in MYR through bank transfer, FPX, and debit card.

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 Nigeria.

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

The recipient can receive NGN 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 Nigeria.

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

₦2,770,178

Cheapest
2

FPX Bank deposit

You pay RM8,200.00

₦2,770,178

₦0
3

Debit card Bank deposit

You pay RM8,200.00

₦2,691,857

-₦78,321

Things to check before sending MYR to Nigeria

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

Best ways to send MYR to Nigeria

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

Cheapest - Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 2,770,178.38 NGN, which is 1.91% more than the next best option.
Fastest - Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 2,770,178.38 NGN 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 Nigeria, 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 118 comparisons across 4 amounts.

This page covers the cheapest and fastest options for MYR/NGN 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 Nigeria

Send money from United States to Nigeria Send money from India to Nigeria Send money from Philippines to Nigeria Send money from South Africa to Nigeria Send money from Brazil to Nigeria Send money from United Kingdom to Nigeria Send money from France to Nigeria Send money from Turkey to Nigeria Send money from Mexico to Nigeria Send money from Saudi Arabia to Nigeria

Mon, 12 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	325.9457	–	₦2,672,754.85
Wise Cheapest	333.8960	RM 71.59	₦2,714,043.59	+₦41,288.74
WorldRemit	326.1876	RM 0.00	₦2,674,738.24	+₦1,983.39
Regency FX	325.0657	RM 0.00	₦2,665,538.41	−₦7,216.44

Tue, 13 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	325.7668	–	₦2,671,287.75
Wise Cheapest	333.8640	RM 71.59	₦2,713,783.48	+₦42,495.73
WorldRemit	325.6416	RM 0.00	₦2,670,261.04	−₦1,026.71
Regency FX	324.8872	RM 0.00	₦2,664,075.27	−₦7,212.48

Wed, 14 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	325.9294	–	₦2,672,621.48
Wise Cheapest	333.9460	RM 71.59	₦2,714,450.01	+₦41,828.53
Regency FX	325.0494	RM 0.00	₦2,665,405.40	−₦7,216.08
WorldRemit No quote collected this day	–	–	–	–

Thu, 15 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	325.9800	–	₦2,673,035.93
Wise Cheapest	333.7420	RM 71.59	₦2,712,791.81	+₦39,755.88
Regency FX	325.0998	RM 0.00	₦2,665,818.73	−₦7,217.20
WorldRemit No quote collected this day	–	–	–	–

Fri, 16 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	326.2494	–	₦2,675,244.93
Wise Cheapest	333.2110	RM 71.59	₦2,708,475.62	+₦33,230.69
WorldRemit	326.1410	RM 0.00	₦2,674,356.12	−₦888.81
Regency FX	325.3685	RM 0.00	₦2,668,021.77	−₦7,223.16

Sat, 17 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	326.0210	–	₦2,673,372.48
Wise Cheapest	332.6130	RM 71.59	₦2,703,614.84	+₦30,242.36
WorldRemit	326.2142	RM 0.00	₦2,674,956.69	+₦1,584.21
Regency FX	325.1408	RM 0.00	₦2,666,154.37	−₦7,218.11

Mon, 19 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	326.7242	–	₦2,679,138.43
Wise Cheapest	332.9250	RM 71.59	₦2,706,150.90	+₦27,012.47
Regency FX	325.8420	RM 0.00	₦2,671,904.76	−₦7,233.67
WorldRemit No quote collected this day	–	–	–	–

Tue, 20 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	325.2754	–	₦2,667,258.31
Wise Cheapest	333.0480	RM 71.59	₦2,707,150.69	+₦39,892.38
WorldRemit	326.4921	RM 0.00	₦2,677,235.47	+₦9,977.16
Regency FX	324.3972	RM 0.00	₦2,660,056.72	−₦7,201.59

Wed, 21 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	326.2706	–	₦2,675,418.94
Wise Cheapest	332.9860	RM 71.59	₦2,706,646.73	+₦31,227.79
WorldRemit	326.4778	RM 0.00	₦2,677,118.21	+₦1,699.27
Regency FX	325.3897	RM 0.00	₦2,668,195.31	−₦7,223.63

Thu, 22 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	326.3955	–	₦2,676,442.77
Wise Cheapest	332.9250	RM 71.59	₦2,706,150.90	+₦29,708.13
WorldRemit	326.7453	RM 0.00	₦2,679,311.54	+₦2,868.77
Regency FX	325.5142	RM 0.00	₦2,669,216.38	−₦7,226.39

Fri, 23 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	325.9413	–	₦2,672,718.64
WorldRemit Cheapest	333.1277	RM 0.00	₦2,731,646.89	+₦58,928.25
Wise	333.0400	RM 71.59	₦2,707,085.67	+₦34,367.03
Regency FX	325.0613	RM 0.00	₦2,665,502.30	−₦7,216.34

Sat, 24 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	326.0615	–	₦2,673,704.38
Wise Cheapest	333.5180	RM 71.59	₦2,710,971.05	+₦37,266.67
WorldRemit	326.6693	RM 0.00	₦2,678,688.01	+₦4,983.63
Regency FX	325.1811	RM 0.00	₦2,666,485.38	−₦7,219.00

Mon, 26 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	–	–	–
Wise Cheapest	336.4600	RM 71.59	₦2,734,884.83	–
WorldRemit	326.8399	RM 0.00	₦2,680,087.34	–
Regency FX No quote collected this day	–	–	–	–

Tue, 27 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	327.9342	–	₦2,689,060.28
Wise Cheapest	339.0530	RM 71.59	₦2,755,961.80	+₦66,901.52
Regency FX	327.0488	RM 0.00	₦2,681,799.81	−₦7,260.47
WorldRemit	326.5189	RM 0.00	₦2,677,454.73	−₦11,605.55

Wed, 28 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	328.9654	–	₦2,697,516.09
Wise Cheapest	338.3600	RM 71.59	₦2,750,328.81	+₦52,812.72
Regency FX	328.0772	RM 0.00	₦2,690,232.80	−₦7,283.29
WorldRemit No quote collected this day	–	–	–	–

Thu, 29 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	331.6061	–	₦2,719,169.95
Wise Cheapest	339.9160	RM 71.59	₦2,762,976.61	+₦43,806.66
Regency FX	330.7108	RM 0.00	₦2,711,828.20	−₦7,341.75
WorldRemit	329.4939	RM 0.00	₦2,701,849.73	−₦17,320.22

Fri, 30 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	332.1722	–	₦2,723,811.82
Wise Cheapest	338.2590	RM 71.59	₦2,749,507.84	+₦25,696.02
Regency FX	331.2753	RM 0.00	₦2,716,457.53	−₦7,354.29
WorldRemit	328.1348	RM 0.00	₦2,690,705.03	−₦33,106.79

Sat, 31 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	–	–	–
Wise Cheapest	337.4010	RM 71.59	₦2,742,533.66	–
WorldRemit	325.9155	RM 0.00	₦2,672,506.77	–
Regency FX No quote collected this day	–	–	–	–

Sun, 1 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	331.7897	–	₦2,720,675.75
Wise Cheapest	337.4010	RM 71.59	₦2,742,533.66	+₦21,857.91
Regency FX	330.8939	RM 0.00	₦2,713,329.93	−₦7,345.82
WorldRemit	325.9155	RM 0.00	₦2,672,506.77	−₦48,168.98

Mon, 2 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	330.4478	–	₦2,709,671.73
Wise Cheapest	335.7240	RM 71.59	₦2,728,902.32	+₦19,230.59
Regency FX	329.5556	RM 0.00	₦2,702,355.62	−₦7,316.11
WorldRemit	325.9002	RM 0.00	₦2,672,381.48	−₦37,290.25

Tue, 3 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	329.8563	–	₦2,704,821.62
Wise Cheapest	337.7500	RM 71.59	₦2,745,370.48	+₦40,548.86
Regency FX	328.9657	RM 0.00	₦2,697,518.60	−₦7,303.02
WorldRemit	325.5347	RM 0.00	₦2,669,384.54	−₦35,437.08

Wed, 4 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	330.2716	–	₦2,708,227.07
Wise Cheapest	338.1340	RM 71.59	₦2,748,491.79	+₦40,264.72
Regency FX	329.3799	RM 0.00	₦2,700,914.86	−₦7,312.21
WorldRemit	326.4625	RM 0.00	₦2,676,992.25	−₦31,234.82

Thu, 5 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	332.6440	–	₦2,727,681.05
Wise Cheapest	339.9010	RM 71.59	₦2,762,854.69	+₦35,173.64
Regency FX	331.7459	RM 0.00	₦2,720,316.31	−₦7,364.74
WorldRemit	328.1240	RM 0.00	₦2,690,617.05	−₦37,064.00

Fri, 6 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	331.5784	–	₦2,718,942.97
Wise Cheapest	338.0180	RM 71.59	₦2,747,548.89	+₦28,605.92
Regency FX	330.6831	RM 0.00	₦2,711,601.82	−₦7,341.15
WorldRemit	327.1022	RM 0.00	₦2,682,237.96	−₦36,705.01

Sat, 7 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	331.7023	–	₦2,719,959.21
Wise Cheapest	338.1070	RM 71.59	₦2,748,272.32	+₦28,313.11
Regency FX	330.8067	RM 0.00	₦2,712,615.32	−₦7,343.89
WorldRemit	327.1462	RM 0.00	₦2,682,598.76	−₦37,360.45

How to send money to Nigeria from Malaysia with the best MYR-NGN rate

Best companies for MYR/NGN transfers