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"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
Best way to send: Wise
We tested & reviewed 7 money transfer companies offering services between Malaysia and Japan, and Wise scored highly.
In total, Wise appeared in 93.9% of Malaysia to Japan searches, and was the top rated company out of 7 that support transfers into Yen.
So for a great mix of cost, speed & features, make your Malaysia to Japan transfer using Wise.
How to compare deals on your Malaysia to Japan transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure get best exchange rates on transfers from Malaysia to Japan.
- Choose a provider
Select the provider that offers you the best value & service for your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to Japan from Malaysia.
Summary of recent searches
Understanding Malaysia to Japan money transfers
Comparing providers when sending money from Malaysia to Japan is the easiest way to make a transfer at the best price.
We’ve compared 7 providers for sending Malaysian Ringgit to Japan. This ensures you will get the best options for your transfer to Japan from Malaysia.
We rate Wise as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Malaysia to Japan.
Cheapest way to transfer money to Japan from Malaysia: Wise
Data collected over the past six months shows that Wise is 1.3% cheaper than the second-best option.
Wise offers this through a combination of an average 43.73* MYR fee per transfer and exchange rate between MYR-JPY that is 0% different to the mid-market rate
If you want the cheapest way to send Malaysian Ringgit to Japan, Wise is our recommended choice.
*The most common fee applied to MYR-JPY by Wise, based on data from the past six months.
Fastest way to transfer money to Japan from Malaysia: Wise.
Wise was the quickest way to send Malaysian Ringgit to Yen in 70.3% of searches. For fast transfers between MYR and JPY, Wise comes highly recommended.
When using Wise to send money from Malaysia to Japan you can expect an average fee of 46.63 MYR. Although we would recommend comparing the amount you want to send.
When testing the 'fastest' options we compared 7 money transfer providers. To test overall speed of sending money from Malaysia to Japan we included the timeframe for depositing Malaysian Ringgit to a money transfer account and average transfer times to Japan.
When sending money to Japan from Malaysia quickly is a priority, Wise is our recommended choice.
Sending large sums of money?
Of the 7 companies tested, Wise is the best rated for larger transfer amounts.
Whether for a property purchase, or as a gift, sending large amounts of money to Japan from Malaysia can be expensive.
Wise is our choice for big transfers to MYR because of all round price, speed and management when making large transfers.
Understanding the cost of moving money from Malaysia to Japan
The total cost of sending money to Japan from Malaysia, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: Currently, the mid-market for MYR-JPY is 35.0149 JPY per Malaysian Ringgit.
Finding a company offering an exchange rate closer to this will mean more Yen for your Malaysian Ringgit.
The average MYR-JPY mid-market rate for the last three months has been 33.6094 JPY per Malaysian Ringgit. This includes a high of 35.0699, and low of 32.4377.
Out of the 7 companies compared, Wise offers the best exchange rates.
The exchange rate you receive on converting MYR to JPY should be the biggest determining cost factor when transferring Malaysian Ringgit to Japan.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Wise, with a fee average of 43.73 MYR per transfer over the last 6 months, offers the lowest fees overall. Although, you should search for your send amount for actual fees.
Amount Received: Money transfer companies will show you the amount of Yen eventually received in Japan.
A lower cost of sending from Malaysia will result in more money received in Japan.
Getting the best exchange rate for Malaysian Ringgit to Yen
Tracking the mid-market rate can make a huge difference when sending money MYR to JPY. The exchange rate you secure impacts how much JPY you get for your MYR.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from MYR to JPY has seen some fluctuation. On average, it has been 33.6094.
During this period, the highest value level was 35.0699, with a low of 32.4377.
Wise, which is our recommended service to send money online from Malaysia to Japan offers an exchange rate that is only -0.02% above the mid-market rate.
Want to secure the best MYR-Yen exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Malaysia to Japan!
Paying for your Malaysia to Japan money transfer
Bank transfers
A bank transfer is often the default option for money transfers from Malaysia to Japan.
By using a money transfer company such as Wise to send money from Malaysia to Japan, you can while benefit from lower fees and more favorable exchange rates than a bank would offer.
On average, Wise is the cheapest money transfer provider for bank transfers from the 7 we tested when sending MYR to Japan.
With an average fee of MYR49.68 to send money from Malaysia to Japan, Wise offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Malaysia to Japan with a prepaid or debit card is very easy with .
is a great choice for sending money with a debit card from Malaysia to Japan. This is from the 7 money transfer companies compared.
Credit cards
When it comes to credit card money transfers from Malaysia to Japan, emerges as our top choice of the 7 companies offering this service.
Be careful of fees: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Japan and Malaysia.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Malaysia to Japan.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MYR to JPY.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
