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How to send money to Malaysia from Indonesia with the best IDR-MYR rate

Compare ways to send money from Indonesia to Malaysia. Find the cheapest, fastest, and most reliable providers with the best IDR to MYR exchange rates.

Read on for the best deals, expert information, and all you need to send money to Malaysia from Indonesia.

Transferring the other way? Send MYR from Malaysia to Indonesia instead.
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June 30th, 2025
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Send money from Indonesia to Malaysia

Last updated: Today
Mid-market rate as of 06/30/2025: 1 IDR = 0.00026 MYR
Results below are based on a 100000000 IDR search
0 of 3 providers
Sponsored
Wise
Recipient gets (MYR)
RM 25,783.85
Full transfer details
Visit Wise
RM 564 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Sponsored
OFX
Recipient gets (MYR)
RM 25,300.00
Full transfer details
Visit OFX
RM 80 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
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1
Instarem
Recipient gets (MYR)
RM 30,000.00
Full transfer details
Visit Instarem
RM 4,780 better than a typical bank*

"Most transfers are instant or same-day. Customers can earn rewards on every transaction."

Personal account manager
Multi-currency card
Receive to bank account
2
Wise
Recipient gets (MYR)
RM 25,783.85
Full transfer details
Visit Wise
RM 564 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
3
OFX
Recipient gets (MYR)
RM 25,300.00
Full transfer details
Visit OFX
RM 80 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Mid-market rate updates every 60 minutes
Sponsored
Wise
Recipient gets (MYR)
RM 25,783.85
Full transfer details
Visit Wise
RM 564 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Sponsored
OFX
Recipient gets (MYR)
RM 25,300.00
Full transfer details
Visit OFX
RM 80 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account

Best recommended: Wise

Wise is our top pick for sending Rupiah to Malaysia.

Of the 3 money transfer providers tested and reviewed, Wise scored highly for its competitive rates and fees.

For example, sending 100,000,000 IDR to MYR will cost you Rp644099 in fees, and you will receive 25,783.85 MYR.

Make your Indonesia to Malaysia transfer using Wise for the best mix of cost and speed.

Wise is the top rated company for sending money from Indonesia (IDR) to Malaysia (MYR) - Wise Screenshot

How to get the best deal on your Indonesia to Malaysia money transfer

Summary of recent searches

Top rated for transfers from Indonesia to Malaysia
Wise
Total number of ID - MY providers
3
Average cheapest fees & rate
Instarem
Average fastest transfer
Wise
Average transfer time
Within minutes
Best for bank transfers
Instarem

Considerations for money transfers from Indonesia to Malaysia

1
Compare providers

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 3 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.

2
Watch the Rupiah-Malaysian Ringgit exchange rate
3
Choose the right payment method
4
Use providers regulated in Malaysia and Indonesia
5
Consider transfer limits
6
Receiving money in Malaysia
7
Have your ID ready
8
Tax declarations

Cheapest way to transfer money to Malaysia from Indonesia: Instarem

Instarem offers the lowest cost transfers of the 3 providers we compared.

Our data shows that Instarem is 14.05% cheaper than the second-best option.

Instarem offers this through a combination of the 0 IDR fee per transfer and exchange rate between IDR-MYR that is -14.29% different to the mid-market rate

If you want the cheapest way to send Rupiah to Malaysia, Instarem is our recommended choice.

Instarem is the cheapest way to send money from Indonesia (IDR) to Malaysia (MYR) - Instarem Screenshot 1
Instarem is the cheapest way to send money from Indonesia (IDR) to Malaysia (MYR) - Instarem Screenshot 2

Fastest money transfers from Indonesia to Malaysia: Wise.

Of the 3 money transfer companies tested, Wise offered the quickest way to send Rupiahs to Malaysia.

Based on our recent data, transfer time for a Rp100,000,000 transfer to Malaysia with Wise is within minutes. This can vary by amount and method, but it is a good point of reference.

Sending money from Indonesia to Malaysia through Wise will cost you 644099 IDR in fees & small markup.

Wise was one of 3 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.

Wise is the fastest way to send money from Indonesia (IDR) to Malaysia (MYR) - Wise Screenshot

Send large sums of money

Transferring bigger amounts of money to Malaysia from Indonesia needs a strong exchange rate and effective management of the transfer.

From the
3 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 7 days has averaged 0.0003 MYR per Rupiah. This includes a high of 0.0003, and low of 0.0003.

  • Instarem 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. Instarem currently offers the lowest fees on transfers to Malaysia from Indonesia. They charge 0 IDR per transfer.

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.

Mid-market Rate
1 
=
0.000261 
MYR

The recent trends between the currencies are:

  • Over the past 7 days, 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 0.0003 MYR per IDR which is only -14.29% 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 Instarem 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. 


    Instarem is the best money transfer provider for bank transfers of the 3 we compared when sending IDR to Malaysia.

    With a fee of 0 IDR to transfer money from Indonesia to Malaysia, Instarem 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 3 transfer companies compared.

  • Credit cards

    When it comes to credit card transfers from Indonesia to Malaysia, we recommend comparing your options to get the best deal.

    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

How much money can be transferred from Indonesia to Malaysia?
Are there any tax implications to sending money from Indonesia to Malaysia?
Can I send money from Indonesia to Malaysia with MoneyTransfers.com?
What are the typical transfer fees for sending Rupiahs to Malaysia through various providers?
How long does it take to send money from Indonesia to Malaysia?
What is the best exchange rate I can get for sending money from Indonesia to Malaysia?
Are there any minimum or maximum transfer amounts for sending money from Indonesia to Malaysia?
Can I schedule regular transfers between Indonesia and Malaysia?

Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is CEO at MoneyTransfers.com, with 10 years' experience building consumer products in finance, insurance & travel. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.
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