Best companies for MYR/TZS transfers
2 of 2 providers Last updated on 28 October 2026
Based on 8,200 MYR transfer Best companies for MYR/TZS transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee RM 203.78 1 MYR = 647.7280 TZS +0.11% vs mid-market	Recipient gets TZS 5,179,375.59 Within 3 hours
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Tanzania with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin 3 hoursAvailable via:Bank Transfer RM 203.781 MYR = 647.7280 TZS TZS 5,179,375.59You payRM 8,200.00
Run a live search Showing top Malaysia to Tanzania 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 TZS rates.
Run a live search These companies offer multi-currency accounts for spending TZS. We suggest doing a live search based on how much MYR you're planning to spend in Tanzania.
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 = 646.6824 TZS +0.27% vs mid-market	Recipient gets TZS 5,302,795.38 Minutes - 24 hours
0 reviews Cheapest Personal account manager
Ways to receive money in Tanzania with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 646.6824 TZS TZS 5,302,795.38You payRM 8,200.00
Wise Pay via Bank transfer	Fee RM 203.78 1 MYR = 647.7280 TZS +0.11% vs mid-market	Recipient gets TZS 5,179,375.59 Within 3 hours
25 reviews FastestRecommended Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Tanzania with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin 3 hoursAvailable via:Bank Transfer RM 203.781 MYR = 647.7280 TZS TZS 5,179,375.59You payRM 8,200.00

Wise Pay via FPX	Fee RM 203.78 1 MYR = 647.7280 TZS +0.11% vs mid-market	Recipient gets TZS 5,179,375.59 Within 3 hours
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Tanzania with Wise when paying by fpx. MethodFee & ratesRecipient gets Bank depositWithin 3 hoursAvailable via:Bank Transfer RM 203.781 MYR = 647.7280 TZS TZS 5,179,375.59You payRM 8,200.00
How Our Results Work Mid-market rate: 1 MYR = 648.4331 TZS Updates every 60 minutes.

Why compare

MYR/TZS exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Malaysia to Tanzania

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 Tanzania.

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 Tanzania.

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 Tanzania?

How much MYR you send to Tanzania 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	1.81%	RM 5.00	TZS 632,189.73with debit card to mobile money	+TZS 3,103.92
RM 5,000	1.80%	RM 5.00	TZS 3,173,655.97with debit card to mobile money	+TZS 12,008.31
RM 8,200This page	0.27%	RM 0.00	TZS 5,302,795.38with bank transfer to bank deposit	+TZS 82,279.86
RM 10,000	0.27%	RM 0.00	TZS 6,450,524.79with bank transfer to bank deposit	+TZS 91,895.43

Mid-market rate: 1 MYR = 648.4331 TZS

MYR/TZS Exchange Rate History

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

The cheapest way to send MYR to TZS 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 Tanzania.

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 TZS 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 TZS on every transfer from Malaysia.

Right now, Regency FX pays 5,302,795.38 TZS on 8,200 MYR, which is 14,356.31 TZS less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 5,318,169.54 TZS.

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 Tanzania.

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 16% 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 TZS, 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 Tanzania.

Wise (today's second cheapest) was the cheapest in only 16% of its comparisons, so it's rarely the cheapest option for transfers to Tanzania.

Ways to send money from Malaysia to Tanzania

There are 5 ways to send money from Malaysia to Tanzania 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 203.78 and 0.11% markup to send MYR 8,200 and your recipient gets TSh5,179,375.59 in same day.

In our comparisons over the past month, it was the cheapest online service on 13 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 Tanzania.

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

Holding multiple balances

Multi-currency accounts

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

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

When converting MYR to TZS, 8,200 MYR will get you 5,179,375.59 TZS (after fees).

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

Ways to fund MYR and receive TZS in Tanzania

With Regency FX, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 8,200 gives your recipient 5,302,795.38 TZS.

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 Tanzania.

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

The recipient can receive TZS 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 Tanzania.

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

TSh5,302,795

Cheapest
2

Fpx Bank deposit

You pay RM8,200.00

TSh5,179,376

-TSh123,420

Things to check before sending MYR to Tanzania

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

Best ways to send MYR to Tanzania

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 5,302,795.38 TZS, which is 2.33% more than the next best option.
Fastest - Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 5,179,375.59 TZS 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 2 of them on MYR to Tanzania, 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/TZS 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 Tanzania

Send money from United States to Tanzania Send money from Germany to Tanzania Send money from India to Tanzania Send money from France to Tanzania Send money from Nigeria to Tanzania Send money from South Africa to Tanzania Send money from United Kingdom to Tanzania Send money from Switzerland to Tanzania Send money from Spain to Tanzania Send money from Canada to Tanzania Send money from Netherlands to Tanzania Send money from Poland to Tanzania

Tue, 29 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	650.3131	–	TZS 5,332,567.47
Regency FX Cheapest	648.5573	RM 0.00	TZS 5,318,169.54	−TZS 14,397.93
Wise	649.6770	RM 238.74	TZS 5,172,247.51	−TZS 160,319.96

Wed, 30 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	649.9315	–	TZS 5,329,438.11
Regency FX Cheapest	648.1767	RM 0.00	TZS 5,315,048.63	−TZS 14,389.48
Wise	650.7800	RM 247.24	TZS 5,175,497.15	−TZS 153,940.96

Thu, 1 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	646.4890	–	TZS 5,301,210.08
Regency FX Cheapest	644.7435	RM 0.00	TZS 5,286,896.81	−TZS 14,313.27
Wise	648.4880	RM 219.35	TZS 5,175,355.76	−TZS 125,854.32

Fri, 2 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	645.2804	–	TZS 5,291,299.33
Regency FX Cheapest	643.5381	RM 0.00	TZS 5,277,012.82	−TZS 14,286.51
Wise	647.5330	RM 219.35	TZS 5,167,734.24	−TZS 123,565.09

Sat, 3 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	645.0588	–	TZS 5,289,481.75
Regency FX Cheapest	643.3171	RM 0.00	TZS 5,275,200.15	−TZS 14,281.60
Wise	647.0760	RM 217.02	TZS 5,165,594.77	−TZS 123,886.98

Sun, 4 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	643.6495	–	TZS 5,277,925.95
Regency FX Cheapest	641.9117	RM 0.00	TZS 5,263,675.55	−TZS 14,250.40
Wise	647.0760	RM 217.02	TZS 5,165,594.77	−TZS 112,331.18

Mon, 5 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	645.2596	–	TZS 5,291,128.50
Regency FX Cheapest	643.5174	RM 0.00	TZS 5,276,842.45	−TZS 14,286.05
Wise	647.3900	RM 212.35	TZS 5,171,124.73	−TZS 120,003.77

Tue, 6 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	644.1593	–	TZS 5,282,106.33
Regency FX Cheapest	642.4201	RM 0.00	TZS 5,267,844.64	−TZS 14,261.69
Wise	646.0690	RM 196.74	TZS 5,170,658.18	−TZS 111,448.15

Wed, 7 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	646.6580	–	TZS 5,302,595.66
Regency FX Cheapest	644.9120	RM 0.00	TZS 5,288,278.65	−TZS 14,317.01
Wise	646.0690	RM 192.84	TZS 5,173,177.85	−TZS 129,417.81

Thu, 8 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	643.7682	–	TZS 5,278,899.02
Regency FX Cheapest	642.0300	RM 0.00	TZS 5,264,645.99	−TZS 14,253.03
Wise	646.1640	RM 209.24	TZS 5,163,341.44	−TZS 115,557.58

Fri, 9 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	646.7185	–	TZS 5,303,091.38
Regency FX Cheapest	644.9723	RM 0.00	TZS 5,288,773.03	−TZS 14,318.35
Wise	645.3590	RM 181.09	TZS 5,175,075.74	−TZS 128,015.64

Sat, 10 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	646.2570	–	TZS 5,299,307.38
Regency FX Cheapest	644.5121	RM 0.00	TZS 5,284,999.25	−TZS 14,308.13
Wise	645.6450	RM 180.29	TZS 5,177,885.66	−TZS 121,421.72

Mon, 12 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	646.3856	–	TZS 5,300,362.06
Regency FX Cheapest	644.6404	RM 0.00	TZS 5,286,051.08	−TZS 14,310.98
Wise	646.8540	RM 198.31	TZS 5,175,925.18	−TZS 124,436.88

Tue, 13 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	646.7336	–	TZS 5,303,215.54
Regency FX Cheapest	644.9874	RM 0.00	TZS 5,288,896.86	−TZS 14,318.68
Wise	646.1880	RM 196.74	TZS 5,171,610.57	−TZS 131,604.97

Wed, 14 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	644.3724	–	TZS 5,283,853.43
Regency FX Cheapest	642.6326	RM 0.00	TZS 5,269,587.02	−TZS 14,266.41
Wise	646.8210	RM 194.40	TZS 5,178,190.20	−TZS 105,663.23

Thu, 15 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	647.4651	–	TZS 5,309,213.87
Regency FX Cheapest	645.7170	RM 0.00	TZS 5,294,878.99	−TZS 14,334.88
Wise	646.9000	RM 194.40	TZS 5,178,822.64	−TZS 130,391.23

Fri, 16 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	646.8171	–	TZS 5,303,900.61
Regency FX Cheapest	645.0707	RM 0.00	TZS 5,289,580.07	−TZS 14,320.54
Wise	647.0730	RM 202.99	TZS 5,174,649.25	−TZS 129,251.36

Sat, 17 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	648.1293	–	TZS 5,314,659.97
Regency FX Cheapest	646.3793	RM 0.00	TZS 5,300,310.39	−TZS 14,349.58
Wise	646.3840	RM 195.95	TZS 5,173,689.86	−TZS 140,970.11

Mon, 19 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	647.5383	–	TZS 5,309,814.23
Regency FX Cheapest	645.7900	RM 0.00	TZS 5,295,477.73	−TZS 14,336.50
Wise	648.1850	RM 223.25	TZS 5,170,409.70	−TZS 139,404.53

Tue, 20 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	647.6557	–	TZS 5,310,776.91
Regency FX Cheapest	645.9071	RM 0.00	TZS 5,296,437.81	−TZS 14,339.10
Wise	647.0820	RM 212.36	TZS 5,168,658.07	−TZS 142,118.84

Wed, 21 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	649.1731	–	TZS 5,323,219.35
Regency FX Cheapest	647.4203	RM 0.00	TZS 5,308,846.66	−TZS 14,372.69
Wise	647.5200	RM 199.87	TZS 5,180,244.18	−TZS 142,975.17

Thu, 22 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	648.4217	–	TZS 5,317,057.78
Regency FX Cheapest	646.6709	RM 0.00	TZS 5,302,701.72	−TZS 14,356.06
Wise	647.3520	RM 206.90	TZS 5,174,349.27	−TZS 142,708.51

Fri, 23 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	647.4714	–	TZS 5,309,265.27
Regency FX Cheapest	645.7232	RM 0.00	TZS 5,294,930.25	−TZS 14,335.02
Wise	646.2670	RM 194.40	TZS 5,173,755.10	−TZS 135,510.17

Sat, 24 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	647.5900	–	TZS 5,310,237.66
Regency FX Cheapest	645.8415	RM 0.00	TZS 5,295,900.02	−TZS 14,337.64
Wise	646.3880	RM 192.06	TZS 5,176,236.32	−TZS 134,001.34

Mon, 26 Oct 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	647.2426	–	TZS 5,307,389.43
Regency FX Cheapest	645.4951	RM 0.00	TZS 5,293,059.48	−TZS 14,329.95
Wise	646.6990	RM 202.21	TZS 5,172,162.80	−TZS 135,226.63

How to send money to Tanzania from Malaysia with the best MYR-TZS rate

Best companies for MYR/TZS transfers