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Companies for transfers from Philippines to Malaysia
"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."
"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 recommended: OFX
Of the 7 money transfer providers tested and reviewed, OFX scored highly for its competitive rates and fees.
OFX appeared in 39.5% of Philippines to Malaysia searches, and was the top rated company supporting PHP to MYR transfers.
Make your Philippines to Malaysia transfer using OFX for the best mix of cost and speed.
How to get the best deal on sending money from Philippines to Malaysia
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from the Philippines to Malaysia.
- Choose a provider
Select the provider that offers you the best value on buying MYR & service for your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Considerations for money transfers from Philippines to Malaysia
Comparing providers offering services between the Philippines and Malaysia, based on your specific needs is the best way to send money with confidence.
Our comparison includes 7 companies that provide the ability to send Philippine Peso to Malaysia.
This ensures you get the best options for transfers to Malaysia from the Philippines, based on the amount you want to send.
Cheapest way to transfer money from Philippines to Malaysia: Moneycorp
Data collected over the past six months shows that Moneycorp is 0% cheaper than the second-best option.
This includes an average transfer fee of 0* PHP an exchange rate for buying Malaysian Ringgit with Philippine Pesos that is 1.82% different to the mid-market rate.
If you want to secure the best rates on transfers from Philippines to Malaysia, Moneycorp will result in the most Malaysian Ringgit received.
*The most common fee applied to PHP-MYR by Moneycorp, based on data from the past six months.
Fastest money transfers from Philippines to Malaysia: OFX.
Through our comparison, we found OFX to be the fastest option to transfer money from the Philippines to Malaysian Ringgit in 39.5% of instances.
Over the last six months, sending money from the Philippines to Malaysia through OFX have an average fee of 0 PHP.
OFX was one of 7 money transfer providers we compared for overall speed of sending money from the Philippines to Malaysia. This speed test included depositing Philippine Pesos to an account and the average timeframe for sending money to Malaysia.
When fast transfers are a priority, OFX is our best choice for sending from Philippines to Malaysia.
Send large sums of money
From the 7 options we compared, OFX offers the strongest all round option for large transfers to Malaysia from the Philippines.
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 OFX for large transfers between Malaysia and the Philippines.
Understanding the cost of transferring money to Malaysia from Philippines
Fees and exchange rates make up the total cost of sending money from Malaysia to Malaysia. Finding a company that can offer both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: The current PHP-MYR mid-market rate is 0.0763 MYR per Philippine Peso. You will get more Malaysian Ringgit for your Philippine Pesos if you find a provider close to this number.
For context, over the last three months the PHP-MYR mid-market rate has had a high of 0.0808, a low of 0.0732 and averaged 0.0766 MYR per Philippine Peso.
Across the 7 companies compared, the best exchange rate is with OFX.
Unless fees are unusually high, the exchange rate you receive on converting PHP to MYR will be the biggest determining factor when working out the cost of transferring Philippine Pesos to Malaysia.
Fees: Transfer fees are charged as part of the transfer. OFX at an average of 0 PHP per transfer over the last 6 months, offers the lowest fees overall. We’d always recommend comparing providers for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount of Malaysian Ringgit eventually received in Malaysia. You can assume that a lower cost of sending from the Philippines will result in more money received in Malaysia.
Finding the best exchange rate between Philippine Peso and Malaysian Ringgit
Getting a strong exchange rate between PHP and MYR is essential. The exchange rate you secure impacts how much MYR you get for your PHP.
It can pay to track rates, and keep on top of currency trends.
Over the past six months, the mid-market rate from PHP to MYR has averaged 0.0766.
In this period there was a high of 0.0808, and a low of 0.0732.
OFX, which is our recommended service to send money online from Philippines to Malaysia offers an exchange rate with a mark up of 4.18% above the mid-market rate.
Want to secure the best PHP-Malaysian Ringgit exchange rates?
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Payment options for transfers from Philippines to Malaysia
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from the Philippines to Malaysia.
Using a money transfer company such as Moneycorp for payments from the Philippines 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.
Moneycorp is the best money transfer provider for bank transfers of the 7 we compared when sending PHP to Malaysia.
With an average fee of 0 PHP to transfer money from the Philippines to Malaysia, Moneycorp offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from the Philippines to Malaysia is easy with Instarem.
Instarem is a leader in debit card money transfers from the Philippines to Malaysia. They are the best option of the 7 transfer companies compared.
Credit cards
When it comes to credit card transfers from the Philippines to Malaysia, Instarem is the top choice of the 7 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 Philippines.
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 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.
Money transfer company reviews
