Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 92% of Malaysia to Spain searches, and was the top rated company out of 3 that support MYR to EUR.
So for a great mix of cost, speed & features, make your Malaysia to Spain transfer using Wise.
How to get the best deal on your Malaysia to Spain transfer
Important things to consider before sending money from Malaysia to Spain
Don't settle for the first option. Always compare ways to send money from Malaysia to Spain to find out about fees, speed, and reliability.
Our analysis included 3 providers that operate between Malaysia and Spain.
Through this, you get a comprehensive view of all the options you have in Malaysia when you need to send money to Spain.
Cheapest way to send money to Spain from Malaysia: Instarem
Data collected over the past six months shows that Instarem is 0% cheaper than the second-best option.
The RM6076.2 transfer cost represents the most common fee for MYR to EUR international transfers, based on data from the past six months.
If you want to secure the best rates on a MYR to Spain transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to MYR-EUR by Instarem, based on data from the past six months.
Fastest way to send money from Malaysia to Spain: Wise
Our data shows that Wise came up as the fastest way to send money from Malaysia to Spain in 87.2% of searches. This makes them well suited to urgent MYR to EUR money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Malaysia to Spain - 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 Spain from Malaysia in 87.2% 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 Spain, it’s the provider that will keep you safe and relaxed while your money moves into EUR.
Understanding the costs involved when moving money from Malaysia to Spain
When calculating the costs of money transfers between Malaysia and Spain, here's what really matters:
The Mid-Market Rate: Today, the MYR-EUR mid-market rate equals to 0.196565 EUR per Malaysian Ringgit.
The MYR-EUR average exchange rate for the past three months has been 0.1955 EUR per Malaysian Ringgit, with a high of 0.1985 and a low of 0.1929.
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 EUR.
How to find the best exchange rate for Malaysian Ringgit to Euro
Timing is essential for sending money between MYR and EUR. The exchange rate you secure impacts how much EUR you get for your MYR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from MYR to EUR has seen some fluctuation. On average, it stood at 0.1955.
During this period, the highest value recorded was 0.1985, while the lowest was 0.1929.
Wise, which is our recommended service to send money online from Malaysia to Spain offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best MYR-Euro 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 Spain!
Payment methods available to fund your Malaysia to Spain transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Spain 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 Spain.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MYR to EUR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.