Compare Malaysia Ringgit to Pakistan Rupee For Sending Money to Pakistan from USA

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Mid Market Rate

The mid-market rate is the midpoint between the buy and sell prices of two currencies.
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More Available Options

You can check rates of some more providers that may support your country
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. 
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.

USD vs. PKR: History

The biggest problem that US has when it comes to remittance to Pakistan are the illegal money transfer services that make it impossible to capture the real records. However, the number of Pakistani immigrants with jobs in America is rising constantly. In Dec 2019, foreign remittance to Pakistan went up 20% compared to November 2019. These figures are expected to go higher as more Pakistani professionals keep getting jobs in the United States.

Transfer money from USA to Pakistan

There are so many ways that you can use to transfer money to Pakistan from US. To make it even better, the transaction can even take a few minutes. Thanks to the internet, industries from the US have managed to tap into another source of manpower from Pakistan through online freelancing. Together with the rising number of Pakistanis working in the US, convenient and reliable USD to PKR exchange services are vital.

It is also good to know that you can sendmoney from USA to Pakistan bank account especially if you need to transact a large amount. From statistics, many people prefer to send money from USA to Pakistan online. That is since technology has gotten better and online money transfers these days are more reliable. Although there is nothing like the best way to send money from USA to Pakistan because people have different preferences, many people prefer transfers that have low rates regardless of how long the transaction takes.

Best way to send money to Pakistan from US

Before knowing the best way to send money to Pakistan from USA you must know that the following are some of the available options you have;

  1. Money Transfer Companies

    The USD to PKR exchange rate market is one of the most competitive exchange corridors where more several companies are offering their services. These companies have competitive exchange rates, secure transfer services, faster and affordable remittance with excellent customer support services. You can choose from the above-listed money transfer companies based on your transfer requirements and send money easily to Pakistan.

  2. ACH Transfers

    Automated Clearing House transfer is the biggest transfer network in the USA and one of the main ways to send or receive money online. The ACH transfer provides electronic or bank to bank transfer in the USA so that one can send funds easily to Pakistan. These transfers take approximately 2-3 days before the recipient can access his or her money.

  3. Wire Transfers

    These are the very common form of international transfers which are offered by most of the banks and money transfer companies. Under wire transfer transactions, you can send money directly into any foreign bank account within 1 business day. This transfer is best for transferring a large amount and time-sensitive remittance abroad. Placid and Money2anywhere are good example here.

  4. Online USD to PKR exchange services

    There are so many online cash transfer services that you can use to send money to Pakistan from US and some include, Remitly, Xoom and more.

Things to consider before you send money to Pakistan from US

There are some major factors that you will want to consider before deciding how you want to send money from USA to Pakistan. They include;

  • The exchange rates from USD to PKR

  • How long before the money is received

  • How much the service costs

  • Any risks

  • Credibility of the service provider

FAQ's

What is the cost of sending money from US to Pakistan?

There is no standard rate for sending money to Pakistan from US because various transfer companies have different rates.

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Is it legal to send money to Pakistan from US?

It is legal to send money to Pakistan from US so long as it is done legally following the law.

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How long does it take to send money from US to Pakistan?

The speed of money transfer from US to Pakistan depends on two things

  • The service you have selected

  • Cost of service

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Historical Mid Market Exchange Rate From Malaysia Ringgit (MYR) to Pakistan Rupee (PKR) (Weekly)

Current Exchange Rate(Mid Market) :- 36.96 PKR/MYR

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 MYR To PKR

Send Malaysia Ringgit To PAKISTAN Receive Pakistan Rupee
1 MYR TO PKR 36.96
50 MYR TO PKR 1848
100 MYR TO PKR 3696
250 MYR TO PKR 9240
500 MYR TO PKR 18480
1000 MYR TO PKR 36960
5000 MYR TO PKR 184800
10000 MYR TO PKR 369600
Send Pakistan Rupee Receive Malaysia Ringgit From PAKISTAN
1 PKR FROM MYR --
50 PKR FROM MYR --
100 PKR FROM MYR --
250 PKR FROM MYR --
500 PKR FROM MYR --
1000 PKR FROM MYR --
5000 PKR FROM MYR --
10000 PKR FROM MYR --

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