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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 93.1% of Malaysia to Philippines searches, and was the top rated company out of 3 that support MYR to PHP.
So for a great mix of cost, speed & features, make your Malaysia to Philippines transfer using Wise.
How to get the best deal on your Malaysia to Philippines 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 Philippines.
- 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 Philippines
Don't settle for the first option. Always compare ways to send money from Malaysia to Philippines to find out about fees, speed, and reliability.
Our analysis included 3 providers that operate between Malaysia and Philippines.
Through this, you get a comprehensive view of all the options you have in Malaysia when you need to send money to Philippines.
Cheapest way to send money to Philippines from Malaysia: Instarem
Data collected over the past six months shows that Instarem is 0% cheaper than the second-best option.
The RM45.15 transfer cost represents the most common fee for MYR to PHP international transfers, based on data from the past six months.
If you want to secure the best rates on a MYR to Philippines transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to MYR-PHP by Instarem, based on data from the past six months.
Fastest way to send money from Malaysia to Philippines: Wise
Our data shows that Wise came up as the fastest way to send money from Malaysia to Philippines in 71.9% of searches. This makes them well suited to urgent MYR to PHP money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Malaysia to Philippines - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to Philippines from Malaysia in 71.9% 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 MYR from Malaysia to Philippines, it’s the provider that will keep you safe and relaxed while your money moves into PHP.
Understanding the costs involved when moving money from Malaysia to Philippines
When calculating the costs of money transfers between Malaysia and Philippines, here's what really matters:
The Mid-Market Rate: Today, the MYR-PHP mid-market rate equals to 12.138146 PHP per Malaysian Ringgit.
The MYR-PHP average exchange rate for the past three months has been 11.8984 PHP per Malaysian Ringgit, with a high of 12.055 and a low of 11.8053.
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 MYR to PHP.
How to find the best exchange rate for Malaysian Ringgit to Philippine Peso
Timing is essential for sending money between MYR and PHP. The exchange rate you secure impacts how much PHP you get for your MYR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from MYR to PHP has seen some fluctuation. On average, it stood at 11.8984.
During this period, the highest value recorded was 12.055, while the lowest was 11.8053.
Wise, which is our recommended service to send money online from Malaysia to Philippines offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best MYR-Philippine Peso 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 Philippines!
Payment methods available to fund your Malaysia to Philippines transfer
Bank transfers
Bank transfers are often the default option for sending money from Malaysia to Philippines.
By using a money transfer company such as Instarem for transfers from Malaysia to Philippines, 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 3 we tested when sending MYR to Philippines.
With an average fee of MYR42.96 to send money from Malaysia to Philippines, Instarem offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Malaysia to Philippines with a debit or a prepaid card is very simple with .
is a leader in debit card payments for transfers from Malaysia to Philippines, competing among a total of 3 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from Malaysia to Philippines, emerges as our top choice of the 3 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 Philippines 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 Philippines.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MYR to PHP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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