Regency FX is the cheapest way to send money to Spain, giving your recipient 6,683.74 EUR from RM31,525.
If you need money fast, we suggest using Wise, your EUR transfer will arrive in within minutes.
| 3 of 3 providers Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze MYR/EUR exchange rates from our comparisons. | |||
| Based on 31,525 MYR transfer Best companies for MYR/EUR transfersAll money transfer offers for MYR/EUR transfers, sorted by most EUR received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Promoted  Wise Pay via Bank transfer | Fee RM 192.36 1 MYR = 0.2126 EUR +0.01% vs mid-market | Recipient gets €6,660.41 Within minutes | |
Ways to receive money in Spain with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 192.361 MYR = 0.2126 EUR €6,660.41You payRM 31,525.00 | |||
| Promoted  Xe Pay via Bank transfer | Fee RM 0.00 1 MYR = 0.2112 EUR +0.66% vs mid-market | Recipient gets €6,658.08 Minutes - 24 hours | |
Ways to receive money in Spain with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.2112 EUR €6,658.08You payRM 31,525.00 | |||
Run a live search Showing top Malaysia to Spain 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 EUR rates. | |||
Run a live search These companies offer multi-currency accounts for spending EUR. We suggest doing a live search based on how much MYR you're planning to spend in Spain. | |||
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 = 0.2120 EUR +0.27% vs mid-market | Recipient gets €6,683.74 Minutes - 24 hours | |
Ways to receive money in Spain with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.2120 EUR €6,683.74You payRM 31,525.00 | |||
| Wise Pay via Bank transfer | Fee RM 192.36 1 MYR = 0.2126 EUR +0.01% vs mid-market | Recipient gets €6,660.41 Within minutes | |
Ways to receive money in Spain with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 192.361 MYR = 0.2126 EUR €6,660.41You payRM 31,525.00 | |||
| Xe Pay via Bank transfer | Fee RM 0.00 1 MYR = 0.2112 EUR +0.66% vs mid-market | Recipient gets €6,658.08 Minutes - 24 hours | |
Ways to receive money in Spain with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.2112 EUR €6,658.08You payRM 31,525.00 | |||
| How Our Results Work Mid-market rate: 1 MYR = 0.212588 EUR 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 Spain.
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 3 money transfer services send money from Malaysia to Spain.
Regular transfers from Malaysia
Online services and apps work well for smaller transfers sent home every month.
Wise charges MYR 192.36 and -0.01% markup to send MYR 31,525 and your recipient gets €6,660.41 in within minutes.
SST may appear separately on the fee.
Large transfers from Malaysia
Brokers are best for large MYR transfers to Spain.
Regency FX is a good option, they charge no fees and add 0.4% markup on the MYR/EUR exchange rate.
You get an account manager to handle your transfer, and it’s useful for things like home purchases in Spain, tuition fees, or moving savings from Malaysia to Spain.
Holding multiple balances
A multi-currency account is useful if you receive income from Spain, or travel there often.
Wise lets you hold MYR and EUR in one account, and convert between them when you need.
When converting MYR to EUR, 31,525 MYR will get you 6,660.41 EUR (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 6,683.74 EUR.
You can fund your transfer in MYR through bank transfer.
The processing fee may include SST, so double check the final EUR amount first.
The recipient can receive EUR 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 Spain.
Double check the info, since its very hard to stop or reverse once it leaves your account.
You pay RM31,525.00
€6,684
Cheapest
Here are a few things to know about money transfers from Malaysia to Spain.
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 6,683.74 EUR, which is 0.35% more than the next best option.
Fastest - Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 6,660.41 EUR in within minutes.
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 Euros your recipient gets for your Malaysian Ringgit.
Mid-market rate:1 MYR = 0.21281 EUR
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 Spain, 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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