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Overall best choice: Instarem
We tested & reviewed dozens of money transfer providers, and Instarem scored highly.
Instarem appeared in 50.8% of Malaysia to Nigeria searches, and was the top rated company out of 2 that support MYR to NGN.
So for a great mix of cost, speed & features, make your Malaysia to Nigeria transfer using Instarem.
How to get the best deal on your Malaysia to Nigeria 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 Malaysia to Nigeria.
- 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 Malaysia to Nigeria
Don't settle for the first option. Always compare ways to send money from Malaysia to Nigeria to find out about fees, speed, and reliability.
Our analysis included 2 providers that operate between Malaysia and Nigeria.
Through this, you get a comprehensive view of all the options you have in Malaysia when you need to send money to Nigeria.
Cheapest way to send money to Nigeria from Malaysia: Instarem
Data collected over the past six months shows that Instarem is 0% cheaper than the second-best option.
The RM2718.82 transfer cost represents the most common fee for MYR to NGN international transfers, based on data from the past six months.
If you want to secure the best rates on a MYR to Nigeria transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to MYR-NGN by Instarem, based on data from the past six months.
Fastest way to send money from Malaysia to Nigeria: Instarem
Our data shows that Instarem came up as the fastest way to send money from Malaysia to Nigeria in 50.8% of searches. This makes them well suited to urgent MYR to NGN money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Malaysia to Nigeria - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Instarem is your best choice at the moment. This service emerged as the quickest way to send money to Nigeria from Malaysia in 50.8% 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 Instarem.
While Instarem may not always be the cheapest or fastest way to send MYR from Malaysia to Nigeria, it’s the provider that will keep you safe and relaxed while your money moves into NGN.
Understanding the costs involved when moving money from Malaysia to Nigeria
When calculating the costs of money transfers between Malaysia and Nigeria, here's what really matters:
The Mid-Market Rate: Today, the MYR-NGN mid-market rate equals to 296.889379 NGN per Malaysian Ringgit.
The MYR-NGN average exchange rate for the past three months has been 224.2754 NGN per Malaysian Ringgit, with a high of 332.5383 and a low of 168.841.
When looking to send money, we'd recommend Instarem. On average Instarem 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 MYR to NGN.
How to find the best exchange rate for Malaysian Ringgit to Naira
Timing is essential for sending money between MYR and NGN. The exchange rate you secure impacts how much NGN you get for your MYR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from MYR to NGN has seen some fluctuation. On average, it stood at 224.2754.
During this period, the highest value recorded was 332.5383, while the lowest was 168.841.
Instarem, which is our recommended service to send money online from Malaysia to Nigeria offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best MYR-Naira exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Malaysia to Nigeria!
Payment methods available to fund your Malaysia to Nigeria transfer
Bank transfers
Bank transfers are often the default option for sending money from Malaysia to Nigeria.
By using a money transfer company such as Instarem for transfers from Malaysia to Nigeria, 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 2 we tested when sending MYR to Nigeria.
With an average fee of MYR1606.82 to send money from Malaysia to Nigeria, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Malaysia to Nigeria with a debit or a prepaid card is very simple with Instarem.
Instarem is a leader in debit card payments for transfers from Malaysia to Nigeria, competing among a total of 2 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from Malaysia to Nigeria, Instarem emerges as our top choice of the 2 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 Nigeria and Malaysia.
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 Malaysia to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MYR to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
