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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."
Best recommended: Wise
Of the 8 money transfer providers tested and reviewed, Wise scored highly for its competitive rates and fees.
Wise appeared in 100% of Indonesia to Malaysia searches, and was the top rated company supporting IDR to MYR transfers.
Make your Indonesia to Malaysia transfer using Wise for the best mix of cost and speed.
How to get the best deal on your Indonesia to Malaysia money transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to get the best exchange rates on sending money from Indonesia to Malaysia.
- Choose a provider
Select the provider that offers you the best value and timeframes for transfers between Indonesia and Malaysia.
- Click, sign up & send
Follow the steps & make your transfer to Malaysia. Your funds will be sent from Indonesia and converted into Malaysian Ringgit.
Summary of recent searches
Considerations for money transfers from Indonesia to Malaysia
Comparing providers offering services between Indonesia and Malaysia, based on your specific needs is the best way to send money with confidence.
Our comparison includes 8 companies that provide the ability to send Rupiah to Malaysia.
This ensures you get the best options for transfers to Malaysia from Indonesia, based on the amount you want to send.
Cheapest way to transfer money to Malaysia from Indonesia: Wise
Data collected over the past six months shows that Wise is 0% cheaper than the second-best option.
Wise offers this through a combination of an average 350,057.83* IDR fee per transfer and exchange rate between IDR-MYR that is -6.73% different to the mid-market rate
If you want the cheapest way to send Rupiah to Malaysia, Wise is our recommended choice.
*The most common fee applied to IDR-MYR by Wise, based on data from the past six months.
Fastest money transfers from Indonesia to Malaysia: Wise.
Through our comparison, we found Wise to be the fastest option to transfer money from Indonesia to Malaysian Ringgit in 96.8% of instances.
Over the last six months, sending money from Indonesia to Malaysia through Wise have an average fee of 327,904.2 IDR.
Wise was one of 8 money transfer providers we compared for overall speed of sending money from Indonesia to Malaysia. This speed test included depositing Rupiahs to an account and the average timeframe for sending money to Malaysia.
When fast transfers are a priority, Wise is our best choice for sending from Indonesia to Malaysia.
Send large sums of money
From the 8 options we compared, Wise offers the strongest all round option for large transfers to Malaysia from Indonesia.
Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Malaysian Ringgits to Malaysian Ringgit.
As such, we recommend Wise for large transfers between Malaysia and Indonesia.
Understanding the cost of sending money to Malaysia from Indonesia
The cost of sending money from Malaysia to Malaysia, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from IDR-MYR is 0.0003 MYR per Rupiah.
Finding a provider offering an exchange as close to 0.0003 as possible will ensure more Malaysian Ringgit received when transferring.
For context, the IDR-MYR mid-market rate for the past three months has averaged 0.0003 MYR per Rupiah. This includes a high of 0.0003, and low of 0.0003.
Wise currently offers the best exchange rate on transfers from Indonesia to Malaysia.
For the most part the IDR-MYR exchange rate you receive is the biggest factor impacting the cost of sending IDR to Malaysia.
Fees: Outside of exchange rates, you may need to pay a fee to send. Wise currently offers the lowest fees on transfers to Malaysia from Indonesia, averaging 350,057.83 IDR over the last 6 months. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Malaysian Ringgit is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Rupiahs to MYR, paired with a low fee, means a higher total amount received in Malaysia.
Getting best exchange rate for transfers between Rupiah and Malaysian Ringgit
Timing is essential for transferring money between IDR and MYR. The exchange rate you secure impacts how much MYR you get for your IDR.
The recent trends between the currencies are:
Over the past six months, the mid-market rate from IDR to MYR has moved slightly. On average, it was 0.0003.
During this same period,there was a high of 0.0003, and a low of 0.0003.
Wise, which is our recommended service to send money online from Indonesia to Malaysia offers an exchange rate that is only -6.73% above the mid-market rate.
Want to secure the best IDR-Malaysian Ringgit exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Indonesia to Malaysia!
Payment options for transfers from Indonesia to Malaysia
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from Indonesia to Malaysia.
Using a money transfer company such as Wise for payments from Indonesia to Malaysia, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
Wise is the best money transfer provider for bank transfers of the 8 we compared when sending IDR to Malaysia.
With an average fee of 337,179.41 IDR to transfer money from Indonesia to Malaysia, Wise offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from Indonesia to Malaysia is easy with .
is a leader in debit card money transfers from Indonesia to Malaysia. They are the best option of the 8 transfer companies compared.
Credit cards
When it comes to credit card transfers from Indonesia to Malaysia, is the top choice of the 8 companies offering this service.
Fee alert: 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 Malaysia and Indonesia.
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 Indonesia to Malaysia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send IDR to MYR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
