Send money from Australia to Malaysia

Highest remittance rate for converting 1 AUD to MYR = 2.95

Send money to Malaysia from Australia at best rates

Many international money transfer companies are willing to send your money from Australia to Malaysia. Some are widely recognized globally while others have limited their services within a few countries. Here, at ERIQ, we help you make a sound decision when looking for the best way to send money from Australia to Malaysia without going through much hustle.

About AUD and MYR

Australia and Malaysia share a strong bond in many aspects. For a start, their trade and economic relationship are robust. As a result of this free and open trading system, very few limitations are imposed on Australians living, studying or working in Malaysia.

Learn just how easy it is to send money from Australia to Malaysia using our latest data on top-priority money transfer companies like XE money and many more.

Exchangerateiq get rate alert

Get Best Rates In Your Inbox Daily!

X

Exchangerateiq rate alert
Get notified about best rates daily, for sending 500 AUD from Australia to Malaysia
You’ll receive only smart emails that help you save money, no spam.

2.98

Mid Market Rate

SEND NOW

2.98

Mid Market Rate

SEND NOW

|
Sort By:
BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee $ 3.99) $ 503.99
Receiving Amount
RM 1485
Realized Exchange Rate
2.95
remitly AUD to MYR Exchange Rate
2.97
Best Value

SEND NOW

Transfer Time :
Remitly is a one of the safest & leading money transfer service provider for sending money from Australia to Malaysia for sending amount 500. Today’s Remitly exchange rate for sending money from AUD to MYR is 2.97 with a $ 3.99 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 2.95. The pay in options available are Bank, also you can receive money using Bank, at multiple Remitly partner locations. The transfer time usually range between . For more detailed review of Remitly click here
1 More Option Available

You Pay
(Sending Amount + Fee)

Exchange Rate
(remitly / Realized)

Receiving Amount
(Receiving Amount)

$ 507.49
Pay-In :
2.97 / 2.93
RM 1485
Pay-Out :
Pay-In
Pay-Out
You Pay (Includes Fee $ 3.99) $ 503.99
Receiving Amount
RM 1449.35
Realized Exchange Rate
2.88
worldremit AUD to MYR Exchange Rate
2.8987
2.37% vs Best Value

SEND NOW

Transfer Time : 2-3 Days
Promoted
Worldremit is a one of the safest & leading money transfer service provider for sending money from Australia to Malaysia for sending amount 500. Today’s Worldremit exchange rate for sending money from AUD to MYR is 2.8987 with a $ 3.99 fee. Based on the Exchange Rate IQ calculations it offers 2.37% less than the best value for your money transfer. The realized exchange rate after considering the fees is 2.88. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bankdeposit, at multiple Worldremit partner locations. The transfer time usually range between 2-3 Days. For more detailed review of Worldremit click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 2.5) $ 500
Receiving Amount
RM 1480.162
Realized Exchange Rate
2.95
instarem AUD to MYR Exchange Rate
2.9752
Best Value

SEND NOW

Transfer Time : 1-2 Days
Instarem is a one of the safest & leading money transfer service provider for sending money from Australia to Malaysia for sending amount 500. Today’s Instarem exchange rate for sending money from AUD to MYR is 2.9752 with a $ 2.5 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 2.95. The pay in options available are Bank, also you can receive money using Bank, at multiple Instarem partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Instarem click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 7.55) $ 500
Receiving Amount
RM 1467.5502
Realized Exchange Rate
2.89
transferwise AUD to MYR Exchange Rate
2.9801
2.03% vs Best Value

SEND NOW

Transfer Time : 3-5 Days
Transferwise is a one of the safest & leading money transfer service provider for sending money from Australia to Malaysia for sending amount 500. Today’s Transferwise exchange rate for sending money from AUD to MYR is 2.9801 with a $ 7.55 fee. Based on the Exchange Rate IQ calculations it offers 2.03% less than the best value for your money transfer. The realized exchange rate after considering the fees is 2.89. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Transferwise partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Transferwise click here

More Available Options

You can check rates of some more providers that may support your country
With Xendpay you get the best deal and make a big difference with every transfer
Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying

Best way to send money from Australia to Malaysia

Sending money from Australia to Malaysia is possible thanks to the services of more than 15 money transfer service providers who have gone out of their way to ensure that this is possible. With so many alternatives, you cannot lack a way of sending money across the Aussie-Malaysia border. But is the option you want to pick the best one in the market? Do they have affordable fees and considerable rates?

How to send money to Malaysia from Australia

Banks are quick in the transfer. Their rates are considerably fair as compared to most service providers and their customer support system is excellent. However, one limitation they have is that they are costly when it comes to the service costs they charge. They also have long transaction processes that may take up to 2 days before your money is cleared.

In-store service providers like Travelex and Western Union also do direct cash deliveries to Malaysia from Australia. Their services are instant and can be as fast as 15 minutes before your recipient gets his or her money. They offer better charges than banks and alternatively competitive rates.

Digital Money transfer companies bring a perfect balance between speed, costs and rates. They are fast. This comes in the process they use to send your money and also in how quick their transfer speeds are. You can send your money through signing up with their online app and sending money at the comfort of your home. You can also deposit cash directly from your bank account into your service provider’s account before sending it. This way, they can achieve fluidity and you get to be the beneficiary of this service.

Some of the online money transfer companies that we recommend when sending money from Australia to Malaysia include OFX, WorldRemit, Instarem, Remitly and TransferWise.

6 Things to consider when you want to send money from Australia to Malaysia

To send money from Australia to Malaysia should not be costly or expensive as most people render international transfers to be. International remittance has been made easier by technology that enables people today to send money from the comfort of their homes. You can be one of these people if you ask yourself the following questions before choosing a money transfer option:

  1. Exchange rates: Is the exchange rate affordable? Are there service providers offering better rates?
  2. Transfer charges: Am I being charged fairly for my transfer? Is my service provider cost-effective vis a vis the services I am being offered?
  3. Speeds of remittance: How long do they take to send and process the money before my recipient can get his or her cash? Do they have a history of delays in the past?
  4. Transfer limits: What is the minimum or maximum amount of money I can transfer with a specific service provider? Can they accommodate my amount? Will I be charged more for sending money above or below a certain limit?
  5. Customer support: Will they be available when I need them? How fast can they be reached and through which means?
  6. Safety: How safe is my money with a chosen service provider? How known are they and what is the reputation they have built for themselves in the foreign exchange market?

FAQ's

This is my first time sending money across international borders, what do I need to know?

There is not much to know when it comes to sending money internationally. Most people think it is a hectic process that requires a lot of time and effort put into it to make sending money possible. However, here at Exchange Rate IQ, we have simplified everything for you. You just have to know how to pick one out of the many service providers that we have presented to you and we have shown you how.

Discuss this question

What is the fastest way to send money from Australia to Malaysia?

If you want to send money from Australia to Malaysia fast, then you have to be willing to give up a little extra fee for your money to get there fast. But is there a way you can send money fast without having to spend much? Yes indeed. Through online money transfer companies, you can send money fast using reliable online money transfer companies like XE Money and others mentioned here at ERIQ.

Discuss this question

What is the cheapest way to send money from Australia to Malaysia?

For you to find the cheapest way to send money, you need to do a lot of research but the good news is that everything has been done for you here. Some companies like XE Money will offer you money transfer services for free bit you may want to check if there is a limit.

Discuss this question

Historical Mid Market Exchange Rate From Australia Dollar (AUD) to Malaysia Ringgit (MYR) (Weekly)

Current Exchange Rate(Mid Market) :- 2.98 MYR/AUD

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion AUD To MYR

Send Australia Dollar To MALAYSIA Receive Malaysia Ringgit
1 AUD TO MYR 2.98
50 AUD TO MYR 149
100 AUD TO MYR 298
250 AUD TO MYR 745
500 AUD TO MYR 1490
1000 AUD TO MYR 2980
5000 AUD TO MYR 14900
10000 AUD TO MYR 29800
Send Malaysia Ringgit Receive Australia Dollar From MALAYSIA
1 MYR FROM AUD 0.34
50 MYR FROM AUD 16.78
100 MYR FROM AUD 33.56
250 MYR FROM AUD 83.89
500 MYR FROM AUD 167.79
1000 MYR FROM AUD 335.57
5000 MYR FROM AUD 1677.85
10000 MYR FROM AUD 3355.7

Click To Compare Money Transfer Services For The Following

Best Money Transfer Rate AUD to MYR

Company Name Live Exchange Rate
XE Money Transfer RM 2.98
Remitly RM 2.97
Worldremit RM 2.9
Instarem RM 2.98
Transferwise RM 2.98
USD

// //