Sending Money to Malaysia

Most people send money to Malaysia from foreign shores for several reasons.

No matter what the reason, or the amount of Malaysian Ringgit being transferred, you are required to select a suitable method of money transfers to Malaysia.

Types of Money Transfer

Sending Money to Malaysia

Ways for Sending Money to Malaysia

The Ringgit is the name of the money used in Malaysia. The most popular Malaysia Ringgit exchange rate is the MYR to EUR rate. Below, you will find Malaysian Ringgit rates to all the major currencies world wide and a currency exchange converter. While someone might send money to Malaysia for a friend who lives or works there, someone else may transfer Malaysian Ringgit for a cross-border business related payment.

When sending money to Malaysia from a foreign country, you get to choose from different money transfer methods. These may vary depending on where you live and the money transfer service provider you select.

Cash transfer: If you do not wish to part with your bank account details, or if you are in a hurry to send the money to Malaysia, you may consider using the services of companies that operate out of physical locations or have agent networks. Some of your options include WorldRemit, Azimo, Ria, Western Union, and MoneyGram.

Electronic Money Transfers: This method gives you easy means to send international payments directly into someone’s bank account. While several banks carry out international money transfers, you might be better off turning to a specialist money transfer company. Some of the money transfer companies who specialize in electronic money transfers include TransferWise, WorldFirst, OFX, TorFX, HiFX, and CurrencyFair.

Bank Money Drafts: You may send money through international bank drafts. However, while this is a secure medium to send money, it can take weeks before the person you are sending the money to get access to the transferred money. The main benefit of this method is you do not have to provide the receiver your bank account details.

Sending Money with Email Address: Another way to send money to Malaysia without using the receiver’s bank account details is to use the services of companies that let you send money to Malaysia using no more than receiver’s email address. The money you send sits in an online account with the service provider you select, and you may transfer it to your local bank account as and when you like. PayPal offers this service, as does TransferWise.

What is the exchange rate for Ringgit to Canadian Dollar?

Foreign exchange rates are often changing and in most cases by the minute.

It’s important to check out the latest currency exchange rate for Canadian Dollar to Malaysian Ringgit before ordering the Ringgit you need for your up coming trip at Canadian Dollar to Ringgit Exchange Rate Today.

What is the exchange rate for Ringgit to South African Rand?

Exchange rates for foreign currencies are always changing and in most days minute by minute.

Therefore it's wise to check out the current money exchange rate for South African Rand to Malaysian Ringgit before ordering the Ringgit you require for your up coming trip from South African Rand to Ringgit Exchange Rate Today.