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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 100% of Spain to Malaysia searches, and was the top rated company out of 11 that support EUR to MYR.
So for a great mix of cost, speed & features, make your Spain to Malaysia transfer using Wise.
How to get the best deal on your Spain to Malaysia transfer
- 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 Spain to Malaysia.
- Choose a provider
Select the provider that offers you the best value & 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
Important things to consider before sending money from Spain to Malaysia
Don't settle for the first option. Always compare ways to send money from Spain to Malaysia to find out about fees, speed, and reliability.
Our analysis included 11 providers that operate between Spain and Malaysia.
Through this, you get a comprehensive view of all the options you have in Spain when you need to send money to Malaysia.
Cheapest way to send money to Malaysia from Spain: Instarem
Data collected over the past six months shows that Instarem is % cheaper than the second-best option.
The €0.94 transfer cost represents the most common fee for EUR to MYR international transfers, based on data from the past six months.
If you want to secure the best rates on a EUR to Malaysia transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to EUR-MYR by Instarem, based on data from the past six months.
Fastest way to send money from Spain to Malaysia: WorldRemit
Our data shows that WorldRemit came up as the fastest way to send money from Spain to Malaysia in 33.3% of searches. This makes them well suited to urgent EUR to MYR money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Spain to Malaysia - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, WorldRemit is your best choice at the moment. This service emerged as the quickest way to send money to Malaysia from Spain in 33.3% 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 EUR from Spain 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 Spain to Malaysia
When calculating the costs of money transfers between Spain and Malaysia, here's what really matters:
The Mid-Market Rate: Today, the EUR-MYR mid-market rate equals to 5.109062 MYR per Euro.
The EUR-MYR average exchange rate for the past three months has been 5.1078 MYR per Euro, with a high of 5.1822 and a low of 5.0216.
When looking to send money, we'd recommend Wise. On average Wise is 0% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from EUR to MYR.
How to find the best exchange rate for Euro to Malaysian Ringgit
Timing is essential for sending money between EUR and MYR. The exchange rate you secure impacts how much MYR you get for your EUR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from EUR to MYR has seen some fluctuation. On average, it stood at 5.1078.
During this period, the highest value recorded was 5.1822, while the lowest was 5.0216.
Wise, which is our recommended service to send money online from Spain to Malaysia offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best EUR-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 Spain to Malaysia!
Payment methods available to fund your Spain to Malaysia transfer
Bank transfers
Bank transfers are often the default option for sending money from Spain to Malaysia.
By using a money transfer company such as Instarem for transfers from Spain to Malaysia, 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 11 we tested when sending EUR to Malaysia.
With an average fee of EUR1.25 to send money from Spain to Malaysia, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Spain to Malaysia with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from Spain to Malaysia, competing among a total of 11 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from Spain to Malaysia, Wise emerges as our top choice of the 11 companies offering this service.
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 Spain.
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 Spain to Malaysia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send EUR 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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