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How to send money to Philippines from Malaysia with the best MYR-PHP rate

Compare the best ways to send money from Malaysia to the Philippines. Find the cheapest, fastest, and most reliable providers with the best MYR to PHP exchange rates.

Explore the best deals, read expert information, and discover all you need to send money to Philippines from Malaysia.

Transferring the other way? Send PHP from Philippines to Malaysia instead.
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July 5th, 2025
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Send money from Malaysia to Philippines

Last updated: Today
Mid-market rate as of 07/05/2025: 1 MYR = 13.388893 PHP
Results below are based on a 31525 MYR search
0 of 2 providers
Sponsored
Wise
Recipient gets (PHP)
₱417,744.62
Full transfer details
Visit Wise
₱8,322 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 (PHP)
₱416,722.67
Full transfer details
Visit Xe
₱7,300 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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1
Wise
Recipient gets (PHP)
₱417,744.62
Full transfer details
Visit Wise
₱8,322 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
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
2
Xe
Recipient gets (PHP)
₱416,722.67
Full transfer details
Visit Xe
₱7,300 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
Mid-market rate updates every 60 minutes
Sponsored
Wise
Recipient gets (PHP)
₱417,744.62
Full transfer details
Visit Wise
₱8,322 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 (PHP)
₱416,722.67
Full transfer details
Visit Xe
₱7,300 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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Best option: Wise

Wise is our top choice for MYR to PHP transfers.

We tested & reviewed 2 money transfer providers, and Wise scored highly in each category.

Transferring 31,525 MYR to PHP will cost you RM279.61 in fees, and your recipient will get 417,744.62 PHP.

For a great mix of cost, speed & features, transfer from Malaysia to Philippine Peso using Wise.

Wise is the top rated company for sending money from Malaysia (MYR) to Philippines (PHP) - Wise Screenshot

How to to send from Malaysia to Philippines in the best way

Summary of recent searches

Top rated for transfers from Malaysia to Philippines
Wise
Total number of MY - PH providers
2
Average cheapest fees & rate
Wise
Average fastest transfer
Xe
Average transfer time
Within minutes
Best for bank transfers
Wise

Understanding Malaysia to Philippines money transfers

1
Comparing providers

Comparing providers when sending money from Malaysia to the Philippines is the easiest way to make a transfer at the best price.

We’ve compared 2 providers for sending Malaysian Ringgit to Philippines. This ensures you will get the best options for your transfer to the Philippines from Malaysia.

We rate Wise as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Malaysia to the Philippines.

2
Get ahead of the Malaysian Ringgit-Philippine Peso exchange rate
3
Choosing the right payment method
4
Financial regulators in Malaysia and Philippines
5
Consider transfer limits
6
Receiving money in Philippines
7
Have your ID ready
8
Tax declarations

Cheapest way to transfer money to the Philippines from Malaysia: Wise

Wise offers the lowest cost transfers of the 2 providers we compared.

Our data shows that Wise is 0.24% cheaper than the second-best option.

Wise offers this through a combination of the 279.61 MYR fee per transfer and exchange rate between MYR-PHP that is 0.14% different to the mid-market rate

If you want the cheapest way to send Malaysian Ringgit to the Philippines, Wise is our recommended choice.

Wise is the cheapest way to send money from Malaysia (MYR) to Philippines (PHP) - Wise Screenshot

Fastest way to transfer money to the Philippines from Malaysia: Xe.

We tested 2 companies offering transfers from Malaysia to the Philippines and Xe offered the quickest option.

For example, if you send RM31,525 with Xe to Philippines now, the transfer time is minutes - 24 hours.

This can vary depending on your needs, smaller transfers to Philippines are likely to arrive quicker.

When using Xe to send money from Malaysia to the Philippines you can expect a fee of 0 MYR. Although we would recommend comparing the amount you want to send.

When testing the 'fastest' options we compared 2 money transfer providers. To test overall speed of sending money from Malaysia to the Philippines we included the timeframe for depositing Malaysian Ringgit to a money transfer account and average transfer times to the Philippines.

When sending money to Philippines from Malaysia quickly is a priority, Xe is our recommended choice.

Xe is the fastest way to send money from Malaysia (MYR) to Philippines (PHP) - Xe Screenshot 1
Xe is the fastest way to send money from Malaysia (MYR) to Philippines (PHP) - Xe Screenshot 2
Xe is the fastest way to send money from Malaysia (MYR) to Philippines (PHP) - Xe Screenshot 3

Transfer a large sum of money

When sending large amounts of Malaysian Ringgit to the Philippines it’s best to pick a company with higher maximum limits on exchange rates and send amounts.

From
2 money transfer companies compared, Wise is the best option for large transfers from Malaysia to the Philippines.

Whether it’s for property purchases, business or any other reason, sending large amounts of money from Malaysia to the Philippines can become expensive if you use a bank, or the wrong provider.

Wise is the top choice for sending large sums of money to the Philippines from Malaysia because they offer a strong service and competitive exchange rates.

Understanding the cost of moving money from Malaysia to Philippines

The total cost of sending money to the Philippines from Malaysia, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.

The Mid-Market and Exchange Rates: Currently, the mid-market for MYR-PHP is 13.3889 PHP per Malaysian Ringgit.

  • Finding a company offering an exchange rate closer to this will mean more Philippine Peso for your Malaysian Ringgit.

  • The average MYR-PHP mid-market rate for the last 7 days has been 13.3585 PHP per Malaysian Ringgit. This includes a high of 13.3889, and low of 13.3385.

  • Out of the 2 companies compared, Wise offers the best exchange rates.

  • The exchange rate you receive on converting MYR to PHP should be the biggest determining cost factor when transferring Malaysian Ringgit to the Philippines.

Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Wise has a fee of 279.61 MYR per transfer (which is the cheapest option right now for a RM31,525 transfer).

Although you should search for your send amount for actual fees.

Amount Received: Money transfer companies will show you the amount of Philippine Peso eventually received in the Philippines.

A lower cost of sending from Malaysia will result in more money received in the Philippines.

Getting the best exchange rate for Malaysian Ringgit to Philippine Peso

Tracking the mid-market rate can make a huge difference when sending money MYR to PHP. The exchange rate you secure impacts how much PHP you get for your MYR.

Mid-market Rate
1 
=
13.388893 
PHP

Here's some data on recent trends in the mid-market rate.

  • Over the past 7 days, the interbank rate from MYR to PHP has seen some fluctuation. On average, it has been 13.3585.

  • During this period, the highest value level was 13.3889, with a low of 13.3385.

  • Wise, which is our recommended service to send money online from Malaysia to Philippines offers an exchange rate that is only 0.14% 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 options for transfers from Malaysia to
Philippines

  • Bank transfers

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

    Using a money transfer company such as Wise for payments from Malaysia to the Philippines, 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. 


    Wise is the best money transfer provider for bank transfers of the 2 we compared when sending MYR to the Philippines.

    With a fee of 279.61 MYR to transfer money from Malaysia to the Philippines, Wise offers a great combination of competitive exchange rates and lower fees.


  • Prepaid and debit cards

    Sending money with a debit card from Malaysia to the Philippines is easy with .


    is a leader in debit card money transfers from Malaysia to the Philippines. They are the best option of the 2 transfer companies compared.

  • Credit cards

    When it comes to credit card transfers from Malaysia to the Philippines, 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 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.

Money transfer company reviews

How much money can be transferred from Malaysia to Philippines?
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Can I send money from Malaysia to Philippines with MoneyTransfers.com?
What are the typical transfer fees for sending Malaysian Ringgits to Philippines through various providers?
How long does it take to send money from Malaysia to Philippines?
What is the best exchange rate I can get for sending money from Malaysia to Philippines?
Are there any minimum or maximum transfer amounts for sending money from Malaysia to Philippines?
Can I schedule regular transfers between Malaysia and Philippines?

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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