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Overall best choice: CurrencyFair
We tested & reviewed dozens of money transfer providers, and CurrencyFair scored highly.
CurrencyFair appeared in 66.7% of Philippines to Malaysia searches, and was the top rated company out of 2 that support PHP to MYR.
So for a great mix of cost, speed & features, make your Philippines to Malaysia transfer using CurrencyFair.
How to get the best deal on your Philippines to Malaysia transfer
Summary of recent searches
Important things to consider before sending money from Philippines to Malaysia
Don't settle for the first option. Always compare ways to send money from Philippines to Malaysia to find out about fees, speed, and reliability.
Our analysis included 2 providers that operate between Philippines and Malaysia.
Through this, you get a comprehensive view of all the options you have in Philippines when you need to send money to Malaysia.
Cheapest way to send money to Malaysia from Philippines: CurrencyFair
Data collected over the past six months show that CurrencyFair is 0% cheaper than the second-best option.
The ₱4 transfer cost represents the most common fee for PHP to MYR international transfers, based on data from the past six months.
If you want to secure the best rates on a PHP to Malaysia transfer, make sure you pick CurrencyFair to send your money online.
*The most common fee applied to PHP-MYR by CurrencyFair, based on data from the past six months.
Fastest way to send money from Philippines to Malaysia: CurrencyFair
Our data shows that CurrencyFair came up as the fastest way to send money from Philippines to Malaysia in 66.7% of searches. This makes them well suited to urgent PHP to MYR money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Philippines to Malaysia - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, CurrencyFair is your best choice at the moment. This service emerged as the quickest way to send money to Malaysia from Philippines in 66.7% 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 CurrencyFair.
While CurrencyFair may not always be the cheapest or fastest way to send PHP from Philippines to Malaysia, it’s the provider that will keep you safe and relaxed while your money moves into MYR.
Understanding the costs involved when moving money from Philippines to Malaysia
When calculating the costs of money transfers between Philippines and Malaysia, here's what really matters:
The Mid-Market Rate: Today, the PHP-MYR mid-market rate equals to 0.083088 MYR per Philippine Peso. Keep in mind that this rate fluctuates all the time.
The PHP-MYR average exchange rate of the past three months has been 0.0843 MYR per Philippine Peso, with a high of 0.0858 and a low of 0.0829.
Fees and Markups: That's where CurrencyFair shines, combining the best of both worlds: excellent PHP to MYR rates that are only 0.67% away from the average.
How to find the best exchange rate for Philippine Peso to Malaysian Ringgit
Timing is essential sending money between PHP and MYR. The exchange rate you secure impacts how much MYR you get for your PHP.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from PHP to MYR has seen some fluctuation. On average, it stood at 0.0843.
During this period, the highest value recorded was 0.0858, while the lowest was 0.0829.
CurrencyFair, which is our recommended service to send money online from Philippines to Malaysia offers an exchange rate that is only 0.67% above the mid-market rate.
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Payment methods available to fund your Philippines to Malaysia transfer
Bank transfers
Bank transfers are often the default option for sending money from Philippines to Malaysia.
By using a money transfer company such as CurrencyFair for transfers from Philippines to Malaysia, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, CurrencyFair is the cheapest provider for bank transfers from the 2 we tested when sending PHP to Malaysia.
With an average fee of PHP4 to send money from Philippines to Malaysia, CurrencyFair offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Philippines to Malaysia with a debit or a prepaid card is very simple with Instarem.
Instarem is a leader in debit card payments for transfers from Philippines to Malaysia, 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 Philippines to Malaysia, Instarem emerges as our top choice of the 2 companies offering this service.
Our comparison engine's last six months of data on PHP to MYR searches show Instarem 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 Malaysia and Philippines.
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 Philippines to Malaysia .
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send PHP to MYR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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