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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 88.9% of Malaysia to Japan searches, and was the top rated company out of 2 that support MYR to JPY.
So for a great mix of cost, speed & features, make your Malaysia to Japan transfer using Wise.
How to get the best deal on your Malaysia to Japan transfer
Summary of recent searches
Important things to consider before sending money from Malaysia to Japan
Don't settle for the first option. Always compare ways to send money from Malaysia to Japan to find out about fees, speed, and reliability.
Our analysis included 2 providers that operate between Malaysia and Japan.
Through this, you get a comprehensive view of all the options you have in Malaysia when you need to send money to Japan.
Cheapest way to send money to Japan from Malaysia: Instarem
Data collected over the past six months show that Instarem is 0% cheaper than the second-best option.
The RM81.13 transfer cost represents the most common fee for MYR to JPY international transfers, based on data from the past six months.
If you want to secure the best rates on a MYR to Japan transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to MYR-JPY by Instarem, based on data from the past six months.
Fastest way to send money from Malaysia to Japan: Wise
Our data shows that Wise came up as the fastest way to send money from Malaysia to Japan in 85.2% of searches. This makes them well suited to urgent MYR to JPY money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Malaysia to Japan - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to Japan from Malaysia in 85.2% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send MYR from Malaysia to Japan, it’s the provider that will keep you safe and relaxed while your money moves into JPY.
Understanding the costs involved when moving money from Malaysia to Japan
When calculating the costs of money transfers between Malaysia and Japan, here's what really matters:
The Mid-Market Rate: Today, the MYR-JPY mid-market rate equals to 32.321026 JPY per Malaysian Ringgit. Keep in mind that this rate fluctuates all the time.
The MYR-JPY average exchange rate of the past three months has been 31.4615 JPY per Malaysian Ringgit, with a high of 32.1398 and a low of 31.0784.
Fees and Markups: That's where Wise shines, combining the best of both worlds: excellent MYR to JPY rates that are only 0.08% away from the average.
How to find the best exchange rate for Malaysian Ringgit to Yen
Timing is essential sending money between MYR and JPY. The exchange rate you secure impacts how much JPY you get for your MYR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from MYR to JPY has seen some fluctuation. On average, it stood at 31.4615.
During this period, the highest value recorded was 32.1398, while the lowest was 31.0784.
Wise, which is our recommended service to send money online from Malaysia to Japan offers an exchange rate that is only 0.08% above the mid-market rate.
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Payment methods available to fund your Malaysia to Japan transfer
Bank transfers
Bank transfers are often the default option for sending money from Malaysia to Japan.
By using a money transfer company such as Instarem for transfers from Malaysia to Japan, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Instarem is the cheapest provider for bank transfers from the 2 we tested when sending MYR to Japan.
With an average fee of MYR81.13 to send money from Malaysia to Japan, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Malaysia to Japan with a debit or a prepaid card is very simple with .
is a leader in debit card payments for transfers from Malaysia to Japan, competing among a total of 2 active money transfer companies on this route. They consistently rank at the top in this category.
Credit cards
When it comes to credit card transfers from Malaysia to Japan, emerges as our top choice of the 2 companies offering this service.
Our comparison engine's last six months of data on MYR to JPY searches show has been ranked as the cheapest provider.
Fee alert: using a credit card to transfer money 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.
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
