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How to send money to Malaysia from US with the best USD-MYR rate

Compare the best deals on transfers from the United States to Malaysia. Explore the cheapest, fastest, and most reliable providers with the best USD to MYR exchange rates.

Read on for the insights and in-depth analysis, and all you need to send money to Malaysia from United States.

Transferring the other way? Send MYR from Malaysia to United States instead.
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July 7th, 2025
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Best money transfer companies

Send money from United States to Malaysia

Last updated: Today
Mid-market rate as of 07/07/2025: 1 USD = 4.221039 MYR
Results below are based on a 7000 USD search
0 of 8 providers
Sponsored
Wise
Recipient gets (MYR)
RM 29,408.59
Full transfer details
Visit Wise
RM 748 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
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
Xe
Recipient gets (MYR)
RM 29,412.60
Full transfer details
Visit Xe
RM 752 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions
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Exclusive: First Transfer Deal
1
Regency FX
Recipient gets (MYR)
RM 29,467.50
Full transfer details
Visit Regency FX
RM 807 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Professional, personal service
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
2
Xe
Recipient gets (MYR)
RM 29,412.60
Full transfer details
Visit Xe
RM 752 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions
3
Wise
Recipient gets (MYR)
RM 29,408.59
Full transfer details
Visit Wise
RM 748 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
4
Remitly
Recipient gets (MYR)
RM 29,074.50
Full transfer details
Visit Remitly
RM 414 better than a typical bank*

"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."

Personal account manager
Multi-currency card
Receive to bank account or cash pickup
Mid-market rate updates every 60 minutes
Estimated Rates
We don't have access to live rates from these companies. Instead, we've researched their average exchange rates and fees.
Panda Remit
Recipient gets (MYR)
RM 29,441.80
Not Recommended
These providers aren't as competitive as the others we've reviewed.
  • HSBC
    HSBC
    Recipient gets (MYR)
    RM 28,546.15
    Not recommended
  • Capital One
    Capital One
    Recipient gets (MYR)
    RM 28,365.38
    Not recommended
  • PayPal
    PayPal
    Recipient gets (MYR)
    RM 27,202.40
    Not recommended
Sponsored
Wise
Recipient gets (MYR)
RM 29,408.59
Full transfer details
Visit Wise
RM 748 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
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
Xe
Recipient gets (MYR)
RM 29,412.60
Full transfer details
Visit Xe
RM 752 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions

Best recommended: Wise

Wise is our top pick for sending US Dollar to Malaysia.

Of the 8 money transfer providers tested and reviewed, Wise scored highly for its competitive rates and fees.

For example, sending 7,000 USD to MYR will cost you $32.79 in fees, and you will receive 29,408.59 MYR.

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

Wise is the top rated company for sending money from United States (USD) to Malaysia (MYR) - Wise Screenshot

How to compare deals on your United States to Malaysia transfer

Summary of recent searches

Top rated for transfers from United States to Malaysia
Wise
Total number of US - MY providers
8
Average cheapest fees & rate
Regency FX
Average fastest transfer
Regency FX
Average transfer time
Within minutes
Best for bank transfers
Regency FX
Best for debit card
Xe

Considerations for money transfers from United States to Malaysia

1
Compare providers

Comparing providers offering services between the United States and Malaysia, based on your specific needs is the best way to send money with confidence.

Our comparison includes 8 companies that provide the ability to send US Dollar to Malaysia.

This ensures you get the best options for transfers to Malaysia from the United States, based on the amount you want to send.

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

Cheapest way to send money to Malaysia from the United States: Regency FX

Regency FX offers the cheapest combination of low fees and competitive exchange rates of the 8 providers we compared.

They offer a fee of 0 USD and exchange rate between USD-MYR that is 0.27% different to the mid-market rate.

In comparison, Regency FX is 0.09% cheaper than the second-best option.

To secure affordable and great rates on a USD to Malaysia transfer, Regency FX is our recommended choice.

Fastest money transfers from United States to Malaysia: Regency FX.

Of the 8 money transfer companies tested, Regency FX offered the quickest way to send US Dollars to Malaysia.

Based on our recent data, transfer time for a $7,000 transfer to Malaysia with Regency FX is minutes - 24 hours. This can vary by amount and method, but it is a good point of reference.

Sending money from the United States to Malaysia through Regency FX will cost you 0 USD in fees & small markup.

Regency FX was one of 8 money transfer providers we compared for overall speed of sending money from the United States to Malaysia. This speed test included depositing US Dollars to an account and the average timeframe for sending money to Malaysia.

When fast transfers are a priority, Regency FX is our best choice for sending from United States to Malaysia.

Send large sums of money

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

From the
8 options we compared, Wise offers the strongest all round option for large transfers to Malaysia from the United States.

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 the United States.

Understanding the cost of transferring money from United States to Malaysia

The total cost of money transfers from United States to Malaysia is a combination of fees and exchange rates. Get the best of both, and you will be getting a good deal.

The Mid-Market and Exchange Rates: The mid-market rate for USD-MYR is currently 4.235 MYR per US Dollar. Providers offering services closer to this rate will ensure more Malaysian Ringgit for your US Dollars.

  • To give a historic average, over the last 7 days the USD-MYR mid-market rate has been 4.2149 MYR per US Dollar, this has had a high of 4.221 and a low of 4.194.

  • From the 8 companies compared, Wise offers the best exchange rate on transfers to Malaysia and the United States.

  • Generally, the exchange rate you receive on converting USD to MYR will be the biggest factor impacting the cost of sending US Dollars to Malaysia.

Fees: Transfer fees are charged alongside a transfer. The company offering the lowest fee is Regency FX, just 0 USD per transfer. In all cases, we recommend searching for your exact send amount as fees may change.

Amount Received: Money transfer companies will show you the amount eventually received in Malaysian Ringgit. Simply, the higher the amount received in the United States, the lower the cost of sending from Malaysia.

Finding the best exchange rate for US Dollar to Malaysian Ringgit

Timing is essential for sending money between USD and MYR. The exchange rate you secure impacts how much MYR you get for your USD.

Mid-market Rate
1 
=
4.234994 
MYR

Over the last week, here’s what we’ve seen:

  • The exchange rate from USD to MYR averaged 4.2149 MYR.

  • The highest value recorded was 4.221 MYR, while the lowest was 4.194 MYR.

  • There are currently 8 providers offering transfers between the United States and Malaysia close to this rate

Want to secure the best USD-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 States to Malaysia!

Payment options for transfers from United States to
Malaysia

  • Bank transfers

    Bank transfers are often the fastest and cheapest way to send money from the United States to Malaysia.

    Using a money transfer company such as Regency FX for payments from the United States 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 8 we compared when sending USD to Malaysia.

    With a fee of 0 USD to transfer money from the United States 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 States to Malaysia is easy with Xe.


    Xe is a leader in debit card money transfers from the United States to Malaysia. They are the best option of the 8 transfer companies compared.

  • Credit cards

    When it comes to credit card transfers from the United States 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 States.


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 States to Malaysia.


We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send USD 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

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Are there any minimum or maximum transfer amounts for sending money from United States to Malaysia?
Can I schedule regular transfers between United States 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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