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Companies for transfers from Malaysia to South Africa
"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."
"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."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
Overall best option: Wise
Of the 7 companies that support MYR to ZAR, Wise offered the best combination of cost and speed.
Overall, Wise appeared in 100% of Malaysia to South Africa searches, consistently scoring as one of the best ways to send MYR to ZAR.
So for a great mix of cost, speed & features, send Malaysian Ringgits to South Africa using Wise.
Compare for the best deal on your Malaysia to South Africa transfer
- Always compare rates
Don't spend more than you have to. Use our live comparison tool to compare rates on money transfers from Malaysia to South Africa.
- Choose a provider
Pick the provider that offers you the best value & service for your needs for MYR to ZAR transfers.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be heading to South Africa.
Summary of recent searches
Transfer consider from Malaysia to South Africa
A comparison of providers offering services between Malaysia and South Africa is paramount. Based on your specific transfer amount, the best way to send money to South Africa could change. Comparing ensures the best price for your needs.
For services allowing you to send Malaysian Ringgit to South Africa we've compared 7 providers.
This coverage of the market ensure you will get the best options for your transfer to South Africa from Malaysia.
Overall, we rated Wise as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from Malaysia to South Africa.
Cheapest way to transfer money to South Africa from Malaysia: Ria Money Transfer
Data collected over the past six months shows that Ria Money Transfer is 4.3% cheaper than the second-best option.
Ria Money Transfer offers this through a combination of an average 5* MYR fee per transfer and exchange rate between MYR-ZAR that is 2.8% different to the mid-market rate
If you want the cheapest way to send Malaysian Ringgit to South Africa, Ria Money Transfer is our recommended choice.
*The most common fee applied to MYR-ZAR by Ria Money Transfer, based on data from the past six months.
Fastest way to transfer money to South Africa from Malaysia: Wise.
Wise was the quickest way to send Malaysian Ringgit to Rand in 100% of searches. For fast transfers between MYR and ZAR, Wise comes highly recommended.
When using Wise to send money from Malaysia to South Africa you can expect an average fee of 38 MYR. Although we would recommend comparing the amount you want to send.
When testing the 'fastest' options we compared 7 money transfer providers. To test overall speed of sending money from Malaysia to South Africa we included the timeframe for depositing Malaysian Ringgit to a money transfer account and average transfer times to South Africa.
When sending money to South Africa from Malaysia quickly is a priority, Wise is our recommended choice.
Need to make a large transfer?
Wise is the best option for large transfers of the 7 providers compared.
While Wise may not always be the cheapest or fastest way to send MYR from Malaysia to South Africa, it's a great provider for larger transfers for things like buying or selling property.
Understanding the cost of transferring money to South Africa from Malaysia
Fees and exchange rates make up the total cost of sending money from South Africa to South Africa. Finding a company that can offer both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: The current MYR-ZAR mid-market rate is 4.14 ZAR per Malaysian Ringgit. You will get more Rand for your Malaysian Ringgits if you find a provider close to this number.
For context, over the last three months the MYR-ZAR mid-market rate has had a high of 4.0227, a low of 4.0227 and averaged 4.0227 ZAR per Malaysian Ringgit.
Across the 7 companies compared, the best exchange rate is with Wise.
Unless fees are unusually high, the exchange rate you receive on converting MYR to ZAR will be the biggest determining factor when working out the cost of transferring Malaysian Ringgits to South Africa.
Fees: Transfer fees are charged as part of the transfer. WorldRemit at an average of 5 MYR per transfer over the last 6 months, offers the lowest fees overall. We’d always recommend comparing providers for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount of Rand eventually received in South Africa. You can assume that a lower cost of sending from Malaysia will result in more money received in South Africa.
Getting the best exchange rate for Malaysian Ringgit to Rand
Tracking the mid-market rate can make a huge difference when sending money MYR to ZAR. The exchange rate you secure impacts how much ZAR you get for your MYR.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from MYR to ZAR has seen some fluctuation. On average, it has been 4.0227.
During this period, the highest value level was 4.0227, with a low of 4.0227.
Wise, which is our recommended service to send money online from Malaysia to South Africa offers an exchange rate that is only 0.06% above the mid-market rate.
Want to secure the best MYR-Rand 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 South Africa!
Paying for your Malaysia to South Africa transfer
Bank transfers
Paying via a bank transfer is often the better option for sending money from Malaysia to South Africa.
By using a money transfer company such as Ria Money Transfer for transfers from Malaysia to South Africa, you can send money and while benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Ria Money Transfer is the cheapest provider for bank transfers from the 7 we tested when sending MYR to South Africa.
With an average fee of 4 MYR to send money from Malaysia to South Africa, Ria Money Transfer offers the best combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Malaysia to South Africa with a debit or a prepaid card is easy with .
is a one of the better options in the market for international debit card transfers from Malaysia to South Africa.
Credit cards
For credit card transfers from Malaysia to South Africa, is our top choice of the 7 companies offering this payment method.
Be aware of fees: using a credit card to transfer money can mean being charged for a cash advance by your card provider. We always recommend a bank transfer or debit card payment if it is a possibility.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between South Africa 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 South Africa.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MYR to ZAR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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