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Overall best way: Wise
Wise scored the highest of the 5 money transfer companies supporting MYR to GBP transfers.
In total, Wise appeared in 53.8% of Malaysia to United Kingdom searches.
For a great mix of cost, speed & features, we advise using Wise for your Malaysia to United Kingdom transfer.
How to compare companies offering money transfers from Malaysia to United Kingdom
- Always compare rates
Use our live comparison tool to make sure you aren't missing the best rates to send money from Malaysia to the United Kingdom. This ensures the best price.
- Choose a provider
Select the company that offers you the best value & options for sending to the United Kingdom.
- Click, sign up & send
Sign up & make your transfer. Your funds will soon be on their way from Malaysia to your chosen country & currency.
Summary of recent searches
Considerations for sending money from Malaysia to United Kingdom
Always compare ways to send money from Malaysia to the United Kingdom to get the best options for fees, speed, and reliability.
Our analysis included 5 providers that operate between Malaysia and United Kingdom.
Through this, you get a comprehensive view of all the options you have in Malaysia when you need to send money to the United Kingdom.
Cheapest way to transfer money to the United Kingdom from Malaysia: Instarem
Data collected over the past six months shows that Instarem is 1.8% cheaper than the second-best option.
Instarem offers this through a combination of an average 2,242.14* MYR fee per transfer and exchange rate between MYR-GBP that is 0.2% different to the mid-market rate
If you want the cheapest way to send Malaysian Ringgit to the United Kingdom, Instarem is our recommended choice.
*The most common fee applied to MYR-GBP by Instarem, based on data from the past six months.
Fastest way to transfer money to the United Kingdom from Malaysia: Wise.
Wise was the quickest way to send Malaysian Ringgit to Pound Sterling in 46.2% of searches. For fast transfers between MYR and GBP, Wise comes highly recommended.
When using Wise to send money from Malaysia to the United Kingdom you can expect an average fee of 28.24 MYR. Although we would recommend comparing the amount you want to send.
When testing the 'fastest' options we compared 5 money transfer providers. To test overall speed of sending money from Malaysia to the United Kingdom we included the timeframe for depositing Malaysian Ringgit to a money transfer account and average transfer times to the United Kingdom.
When sending money to United Kingdom from Malaysia quickly is a priority, Wise is our recommended choice.
Sending large sums of money?
Of the 5 companies tested, Wise is the best rated for larger transfer amounts.
Whether for a property purchase, or as a gift, sending large amounts of money to United Kingdom from Malaysia can be expensive.
Wise is our choice for big transfers to MYR because of all round price, speed and management when making large transfers.
Understanding the cost of transferring money to United Kingdom from Malaysia
Fees and exchange rates make up the total cost of sending money from United Kingdom to the United Kingdom. Finding a company that can offer both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: The current MYR-GBP mid-market rate is 0.1767 GBP per Malaysian Ringgit. You will get more Pound Sterling for your Malaysian Ringgits if you find a provider close to this number.
For context, over the last three months the MYR-GBP mid-market rate has had a high of 0.1815, a low of 0.1664 and averaged 0.1725 GBP per Malaysian Ringgit.
Across the 5 companies compared, the best exchange rate is with Instarem.
Unless fees are unusually high, the exchange rate you receive on converting MYR to GBP will be the biggest determining factor when working out the cost of transferring Malaysian Ringgits to the United Kingdom.
Fees: Transfer fees are charged as part of the transfer. Instarem at an average of 2,242.14 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 Pound Sterling eventually received in the United Kingdom. You can assume that a lower cost of sending from Malaysia will result in more money received in the United Kingdom.
How to find the best exchange rate for Malaysian Ringgit to Pound Sterling
Timing is essential for sending money between MYR and GBP. The exchange rate you secure impacts how much GBP you get for your MYR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from MYR to GBP has seen some fluctuation. On average, it stood at 0.1725.
During this period, the highest value recorded was 0.1815, while the lowest was 0.1664.
Wise, which is our recommended service to send money online from Malaysia to United Kingdom offers an exchange rate that is only 0.01% above the mid-market rate.
Want to secure the best MYR-Pound Sterling 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 United Kingdom!
Paying for your Malaysia to United Kingdom transfer
Bank transfers
Paying via a bank transfer is often the better option for sending money from Malaysia to the United Kingdom.
By using a money transfer company such as Instarem for transfers from Malaysia to the United Kingdom, 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, Instarem is the cheapest provider for bank transfers from the 5 we tested when sending MYR to the United Kingdom.
With an average fee of 2,242.14 MYR to send money from Malaysia to the United Kingdom, Instarem offers the best combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Malaysia to the United Kingdom with a debit or a prepaid card is easy with Wise.
Wise is a one of the better options in the market for international debit card transfers from Malaysia to the United Kingdom.
Credit cards
For credit card transfers from Malaysia to the United Kingdom, is our top choice of the 5 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 United Kingdom 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 United Kingdom.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MYR to GBP.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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