Best companies for MYR/PHP transfers
4 of 4 providers Last updated on 10 November 2026
Based on 8,200 MYR transfer Best companies for MYR/PHP transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee RM 69.48 1 MYR = 15.5292 PHP -0.01% vs mid-market	Recipient gets ₱126,260.47 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Philippines with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 69.481 MYR = 15.5292 PHP ₱126,260.47You payRM 8,200.00
Promoted Xe Pay via Bank transfer	Fee RM 0.00 1 MYR = 15.3896 PHP +0.90% vs mid-market	Recipient gets ₱126,194.72 Minutes - 24 hours
4 reviews Personal account managerReceive to bank accountDedicated support for larger transactions
Ways to receive money in Philippines with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 15.3896 PHP ₱126,194.72You payRM 8,200.00
Run a live search Showing top Malaysia to Philippines 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 PHP rates.
Run a live search These companies offer multi-currency accounts for spending PHP. We suggest doing a live search based on how much MYR you're planning to spend in Philippines.
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 = 15.4862 PHP +0.27% vs mid-market	Recipient gets ₱126,986.57 Minutes - 24 hours
0 reviews Cheapest Personal account manager
Ways to receive money in Philippines with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 15.4862 PHP ₱126,986.57You payRM 8,200.00
Wise Pay via Bank transfer	Fee RM 69.48 1 MYR = 15.5292 PHP -0.01% vs mid-market	Recipient gets ₱126,260.47 Within minutes
25 reviews FastestOur top pick Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Philippines with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 69.481 MYR = 15.5292 PHP ₱126,260.47You payRM 8,200.00

Wise Pay via FPX	Fee RM 69.48 1 MYR = 15.5292 PHP -0.01% vs mid-market	Recipient gets ₱126,260.47 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Philippines with Wise when paying by fpx. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 69.481 MYR = 15.5292 PHP ₱126,260.47You payRM 8,200.00
Xe Pay via Bank transfer	Fee RM 0.00 1 MYR = 15.3896 PHP +0.90% vs mid-market	Recipient gets ₱126,194.72 Minutes - 24 hours
4 reviews Personal account managerReceive to bank accountDedicated support for larger transactions
Ways to receive money in Philippines with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 15.3896 PHP ₱126,194.72You payRM 8,200.00
Only available via Mobile App WorldRemit Pay via Debit card	Fee RM 5.00 1 MYR = 15.3714 PHP +1.01% vs mid-market	Recipient gets ₱125,968.95 Minutes - 2 days
13 reviews Receive to bank account or cash pickup
Ways to receive money in Philippines with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Cash pickupMinutes - 2 days RM 5.001 MYR = 15.3714 PHP ₱125,968.95You payRM 8,200.00
How Our Results Work Mid-market rate: 1 MYR = 15.5281 PHP Updates every 60 minutes.

Why compare

MYR/PHP exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Malaysia to Philippines

Pick a company

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

Regency FX was the cheapest on 27 of the 27 days it quoted RM8,200 transfers to the Philippines.

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 the Philippines.

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 Philippines?

How much MYR you send to the Philippines 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	0.12%	RM 0.00	₱15,520.30with fpx to bank deposit	+₱172.86
RM 5,000	-0.14%	RM 18.00	₱77,569.74with debit card to bank deposit	+₱405.08
RM 8,200This page	0.27%	RM 0.00	₱126,986.57with bank transfer to bank deposit	+₱652.33
RM 10,000	0.27%	RM 0.00	₱154,903.41with bank transfer to bank deposit	+₱889.89

Mid-market rate: 1 MYR = 15.5281 PHP

MYR/PHP Exchange Rate History

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

The cheapest way to send MYR to PHP 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 the Philippines.

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 PHP 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 PHP on every transfer from Malaysia.

Right now, Regency FX pays 126,986.57 PHP on 8,200 MYR, which is 343.79 PHP less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 128,646.28 PHP.

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 the Philippines.

We've tracked 119 comparisons to check how often today's top companies were the cheapest across 4 amounts over the past month.

Regency FXAppeared in 56 comparisons
Cheapest every time
WiseAppeared in 119 comparisons
Cheapest in 17% of them
XeAppeared in 85 comparisons
Cheapest in 1% of them

Based on 119 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, but it only quotes some of the amounts we track, so it isn't included in these figures.

Wise (today's second cheapest) was the cheapest in only 17% of its comparisons, so it's rarely the cheapest option for transfers to the Philippines.

Ways to send money from Malaysia to Philippines

There are 5 ways to send money from Malaysia to the Philippines across 4 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 69.48 and -0.01% markup to send MYR 8,200 and your recipient gets ₱126,260.47 in same day.

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 the Philippines.

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

Holding multiple balances

Multi-currency accounts

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

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

When converting MYR to PHP, 8,200 MYR will get you 126,260.47 PHP (after fees).

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

Ways to fund MYR and receive PHP in Philippines

With Regency FX, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 8,200 gives your recipient 126,986.57 PHP.

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 the Philippines.

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

The recipient can receive PHP through bank deposit and cash pickup.

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 the Philippines.

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

₱126,987

Cheapest
2

FPX Bank deposit

You pay RM8,200.00

₱126,260

-₱726
3

Debit card Cash pickup

You pay RM8,200.00

₱125,969

-₱1,018

Things to check before sending MYR to Philippines

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

Best ways to send MYR to Philippines

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 126,986.57 PHP, which is 0.57% more than the next best option.
Fastest - Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 126,260.47 PHP in same day.

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 4 of them on MYR to the Philippines, 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 119 comparisons across 4 amounts.

This page covers the cheapest and fastest options for MYR/PHP 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

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Mon, 12 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.3747	–	₱126,072.70
Regency FX Cheapest	15.3332	RM 0.00	₱125,732.31	−₱340.39
Wise	15.3730	RM 69.48	₱124,990.48	−₱1,082.22
Xe	15.2358	RM 0.00	₱124,933.56	−₱1,139.14

Tue, 13 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.3662	–	₱126,003.23
Regency FX Cheapest	15.3248	RM 0.00	₱125,663.02	−₱340.21
Wise	15.3683	RM 69.48	₱124,952.27	−₱1,050.96
Xe	15.2240	RM 0.00	₱124,836.80	−₱1,166.43

Wed, 14 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.4125	–	₱126,382.36
Regency FX Cheapest	15.3709	RM 0.00	₱126,041.13	−₱341.23
Wise	15.4036	RM 69.48	₱125,239.28	−₱1,143.08
Xe	15.2583	RM 0.00	₱125,118.06	−₱1,264.30

Thu, 15 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.4359	–	₱126,573.98
Regency FX Cheapest	15.3942	RM 0.00	₱126,232.23	−₱341.75
Wise	15.4464	RM 69.48	₱125,587.26	−₱986.72
Xe	15.2956	RM 0.00	₱125,423.92	−₱1,150.06

Fri, 16 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.4452	–	₱126,650.29
Regency FX Cheapest	15.4035	RM 0.00	₱126,308.33	−₱341.96
Wise	15.4418	RM 69.48	₱125,549.86	−₱1,100.43
Xe	15.2967	RM 0.00	₱125,432.94	−₱1,217.35

Sat, 17 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.4256	–	₱126,490.26
Regency FX Cheapest	15.3840	RM 0.00	₱126,148.73	−₱341.53
Wise	15.4379	RM 69.48	₱125,518.15	−₱972.11
Xe	15.1369	RM 0.00	₱124,122.58	−₱2,367.68

Mon, 19 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.4439	–	₱126,639.95
Regency FX Cheapest	15.4022	RM 0.00	₱126,298.02	−₱341.93
Wise	15.4423	RM 69.48	₱125,553.93	−₱1,086.02
Xe	15.2994	RM 0.00	₱125,455.08	−₱1,184.87

Tue, 20 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.4431	–	₱126,633.45
Regency FX Cheapest	15.4014	RM 0.00	₱126,291.54	−₱341.91
Wise	15.4402	RM 69.48	₱125,536.85	−₱1,096.60
Xe	15.2861	RM 0.00	₱125,346.02	−₱1,287.43

Wed, 21 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.5163	–	₱127,233.28
Regency FX Cheapest	15.4744	RM 0.00	₱126,889.75	−₱343.53
Wise	15.5148	RM 69.48	₱126,143.39	−₱1,089.89
Xe	15.3759	RM 0.00	₱126,082.38	−₱1,150.90

Thu, 22 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.5492	–	₱127,503.06
Regency FX Cheapest	15.5072	RM 0.00	₱127,158.80	−₱344.26
Wise	15.5448	RM 69.48	₱126,387.31	−₱1,115.75
Xe	15.4124	RM 0.00	₱126,381.68	−₱1,121.38

Fri, 23 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.5738	–	₱127,705.52
Regency FX Cheapest	15.5318	RM 0.00	₱127,360.72	−₱344.80
Xe	15.4356	RM 0.00	₱126,571.92	−₱1,133.60
Wise	15.5639	RM 69.48	₱126,542.60	−₱1,162.92

Sat, 24 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.5724	–	₱127,693.79
Regency FX Cheapest	15.5304	RM 0.00	₱127,349.01	−₱344.78
Wise	15.5698	RM 69.48	₱126,590.57	−₱1,103.22
Xe	15.2609	RM 0.00	₱125,139.38	−₱2,554.41

Mon, 26 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	–	–	–
Wise Cheapest	15.6441	RM 69.48	₱127,194.67	–
Xe	15.5109	RM 0.00	₱127,189.38	–
Regency FX No quote collected this day	–	–	–	–

Tue, 27 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.6877	–	₱128,639.17
Regency FX Cheapest	15.6453	RM 0.00	₱128,291.85	−₱347.32
Wise	15.6889	RM 69.48	₱127,558.92	−₱1,080.25
Xe	15.5395	RM 0.00	₱127,423.90	−₱1,215.27

Wed, 28 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	–	–	–
Wise Cheapest	15.6970	RM 69.48	₱127,624.77	–
Xe	15.5329	RM 0.00	₱127,369.78	–
Regency FX No quote collected this day	–	–	–	–

Thu, 29 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.7310	–	₱128,994.56
Regency FX Cheapest	15.6886	RM 0.00	₱128,646.28	−₱348.28
Wise	15.7304	RM 69.48	₱127,896.33	−₱1,098.23
Xe	15.5779	RM 0.00	₱127,738.78	−₱1,255.78

Fri, 30 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.7163	–	₱128,873.86
Regency FX Cheapest	15.6739	RM 0.00	₱128,525.90	−₱347.96
Wise	15.7133	RM 69.48	₱127,757.30	−₱1,116.56
Xe	15.5608	RM 0.00	₱127,598.56	−₱1,275.30

Sat, 31 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	–	–	–
Wise Cheapest	15.6944	RM 69.48	₱127,603.63	–
Xe	15.3882	RM 0.00	₱126,183.24	–
Regency FX No quote collected this day	–	–	–	–

Sun, 1 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.7125	–	₱128,842.45
Regency FX Cheapest	15.6701	RM 0.00	₱128,494.58	−₱347.87
Wise	15.6944	RM 69.48	₱127,603.63	−₱1,238.82
Xe	15.3981	RM 0.00	₱126,264.42	−₱2,578.03

Mon, 2 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.6280	–	₱128,149.25
Regency FX Cheapest	15.5858	RM 0.00	₱127,803.24	−₱346.01
Wise	15.6348	RM 69.48	₱127,119.05	−₱1,030.20
Xe	15.4732	RM 0.00	₱126,880.24	−₱1,269.01

Tue, 3 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.5805	–	₱127,760.38
Regency FX Cheapest	15.5385	RM 0.00	₱127,415.43	−₱344.95
Wise	15.5839	RM 69.48	₱126,705.21	−₱1,055.17
Xe	15.4362	RM 0.00	₱126,576.84	−₱1,183.54

Wed, 4 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.6144	–	₱128,037.92
Regency FX Cheapest	15.5722	RM 0.00	₱127,692.21	−₱345.71
Wise	15.6130	RM 69.48	₱126,941.81	−₱1,096.11
Xe	15.4609	RM 0.00	₱126,779.38	−₱1,258.54

Thu, 5 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.5527	–	₱127,531.96
Regency FX Cheapest	15.5107	RM 0.00	₱127,187.62	−₱344.34
Wise	15.5622	RM 69.48	₱126,528.78	−₱1,003.18
Xe	15.3455	RM 0.00	₱125,833.10	−₱1,698.86

Fri, 6 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.5523	–	₱127,528.59
Regency FX Cheapest	15.5103	RM 0.00	₱127,184.26	−₱344.33
Wise	15.5592	RM 69.48	₱126,504.39	−₱1,024.20
Xe	15.4097	RM 0.00	₱126,359.54	−₱1,169.05

Sat, 7 Nov 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	15.5381	–	₱127,412.39
Regency FX Cheapest	15.4961	RM 0.00	₱127,068.37	−₱344.02
Wise	15.5347	RM 69.48	₱126,305.19	−₱1,107.20
Xe	15.2390	RM 0.00	₱124,959.80	−₱2,452.59

How to send money to the Philippines from Malaysia with the best MYR-PHP rate

Best companies for MYR/PHP transfers