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Send money from United Kingdom to Malaysia
"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."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
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"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."
"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."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
"Most transfers are instant or same-day. Customers can earn rewards on every transaction."
"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."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"24/7 live chat support provided in six languages. Special first transfer rates available, with airtime topup supported to many countries in Africa, Asia and South America."
HSBCRecipient gets (MYR)RM 33,523.97Not recommended
PayPalRecipient gets (MYR)RM 31,953.53Not recommended
"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."
"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."
Best recommended: Wise
Of the 11 money transfer providers tested and reviewed, Wise scored highly for its competitive rates and fees.
For example, sending 6,000 GBP to MYR will cost you £25.08 in fees, and you will receive 34,562.58 MYR.
Make your United Kingdom to Malaysia transfer using Wise for the best mix of cost and speed.
How to compare companies offering money transfers from United Kingdom to Malaysia
- Always compare rates
Use our live comparison tool to make sure you aren't missing the best rates to send money from the United Kingdom to Malaysia. This ensures the best price.
- Choose a provider
Select the company that offers you the best value & options for sending to Malaysia.
- Click, sign up & send
Sign up & make your transfer. Your funds will soon be on their way from the United Kingdom to your chosen country & currency.
Summary of recent searches
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Considerations for money transfers from United Kingdom to Malaysia
Comparing providers offering services between the United Kingdom and Malaysia, based on your specific needs is the best way to send money with confidence.
Our comparison includes 11 companies that provide the ability to send Pound Sterling to Malaysia.
This ensures you get the best options for transfers to Malaysia from the United Kingdom, based on the amount you want to send.
Cheapest way to send money to Malaysia from the United Kingdom: Regency FX
Data collected through our comparison shows that Regency FX is 0.1% cheaper than the second-best option.
The cost is made up of a fee of 0 GBP and an exchange rate for buying Malaysian Ringgit with Pound Sterling that is 0.27% different to the mid-market rate.
If you want to secure the best rates on a United Kingdom to Malaysia transfer, Regency FX offers value. We would still recommend searching for the amount you want to send to Malaysia.
Fastest money transfers from United Kingdom to Malaysia: Wise.
Based on our recent data, transfer time for a £6,000 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 the United Kingdom to Malaysia through Wise will cost you 25.08 GBP in fees & small markup.
Wise was one of 11 money transfer providers we compared for overall speed of sending money from the United Kingdom to Malaysia. This speed test included depositing Pound Sterlings 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 United Kingdom to Malaysia.
Need to send over £10,000 from the UK? TorFX is your best option
Opt for a service proven with large transfers when size matters. For transfers over £10,000, your best option is TorFX.
While TorFX may not always be the cheapest or fastest way to send GBP to Malaysia, they will keep you safe and relaxed while your money moves into MYR.
Understanding the costs involved when transferring money to Malaysia from United Kingdom
When calculating the cost of sending money from the United Kingdom to Malaysia, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current GBP-MYR mid-market rate is 5.7765 MYR per Pound Sterling. Finding a provider as close to this number as possible will ensure more Malaysian Ringgit for your money.
As a comparison, the GBP-MYR mid-market rate for the past week has averaged 5.777 MYR per Pound Sterling, hitting a high of 5.8081 and a low of 5.729.
Wise is currently offering the best exchange rate on transfers between the United Kingdom and Malaysia.
Often the GBP-MYR exchange rate you receive will be the biggest factor impacting the cost of sending Pound Sterling to Malaysia.
Fees: Transfer fees are charged on top of a transfer. Regency FX currently offers lowest fees of 0 GBP. Although we recommend searching for your exact send amount for an exact fee.
Amount Received: The total amount received in Malaysian Ringgit is the biggest indicator in the total cost of sending money to the United Kingdom from Malaysia. The higher the total amount received in Malaysia, the lower the cost of sending from the United Kingdom.
Tracking the exchange rate for Pound Sterling to Malaysian Ringgit
Getting a better exchange rate between GBP and MYR can make a huge difference to the overall cost of sending money.
Over the last 7 days, between the United Kingdom and Malaysia, the average numbers are:
GBP to MYR saw an average 5.777 MYR mid-market rate.
The highest point was 5.8081 MYR, while the lowest was 5.729 MYR.
Wise, which is our recommended service to send money online from United Kingdom to Malaysia offers 5.7846 MYR per GBP which is only 0% above the mid-market rate.
Want to secure the best GBP-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 United Kingdom to Malaysia!
Payment options for transfers from United Kingdom to Malaysia
Bank transfers
Bank transfers are often the fastest and cheapest way to send money from the United Kingdom to Malaysia.
Using a money transfer company such as Regency FX for payments from the United Kingdom 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.
Regency FX is the best money transfer provider for bank transfers of the 11 we compared when sending GBP to Malaysia.
With a fee of 0 GBP to transfer money from the United Kingdom to Malaysia, Regency FX offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money with a debit card from the United Kingdom to Malaysia is easy with Wise.
Wise is a leader in debit card money transfers from the United Kingdom to Malaysia. They are the best option of the 11 transfer companies compared.
Credit cards
When it comes to credit card transfers from the United Kingdom 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 United Kingdom.
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 United Kingdom to Malaysia.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send GBP 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
