Best way to Send money from USA to Malaysia

Highest remittance rate for converting 1 USD to MYR = 4.11

Send money from USA to Malaysia

Explore & compare 5 money transfer services to send money from USA to Malaysia. Compare exchange rate and fees for US Dollar to Malaysia Ringgit. Choose the best remittance service for your fund transfer from USA to Malaysia for US Dollar to Malaysia Ringgit to send money online or to send cash. Save time & money on international money transfer with best deals and discount offers. Send money overseas conveniently with ExchangeRateIQ .

Several international money transfer companies are willing to help you to transfer money from US to Malaysia. But at what costs are they willing to offer these services to you? Better yet, how much more do you have to give up to make your money get there faster?

Learn all about these here at Exchange Rate IQ.

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4.16

Mid Market Rate

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4.16

Mid Market Rate

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BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee $ 2.5) $ 500
Receiving Amount
RM 2066.1175
Realized Exchange Rate
4.11
instarem USD to MYR Exchange Rate
4.153
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 USA to Malaysia for sending amount 500. Today’s Instarem exchange rate for sending money from USD to MYR is 4.153 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 4.11. 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 $ 11.99) $ 511.99
Receiving Amount
RM 2011.55
Realized Exchange Rate
3.93
worldremit USD to MYR Exchange Rate
4.0231
4.38% vs Best Value

SEND NOW

Transfer Time :
Promoted
Worldremit is a one of the safest & leading money transfer service provider for sending money from USA to Malaysia for sending amount 500. Today’s Worldremit exchange rate for sending money from USD to MYR is 4.0231 with a $ 11.99 fee. Based on the Exchange Rate IQ calculations it offers 4.38% less than the best value for your money transfer. The realized exchange rate after considering the fees is 3.93. 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 . For more detailed review of Worldremit click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 4.85) $ 500
Receiving Amount
RM 2057.5958
Realized Exchange Rate
4.08
transferwise USD to MYR Exchange Rate
4.1555
0.73% 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 USA to Malaysia for sending amount 500. Today’s Transferwise exchange rate for sending money from USD to MYR is 4.1555 with a $ 4.85 fee. Based on the Exchange Rate IQ calculations it offers 0.73% less than the best value for your money transfer. The realized exchange rate after considering the fees is 4.08. 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
Pay-In
Pay-Out
You Pay (Includes Fee $ 5.99) $ 505.99
Receiving Amount
RM 2060
Realized Exchange Rate
4.07
pangeamoneytransfer USD to MYR Exchange Rate
4.12
0.97% vs Best Value

SEND NOW

Transfer Time : 1-2 Days
Pangeamoneytransfer is a one of the safest & leading money transfer service provider for sending money from USA to Malaysia for sending amount 500. Today’s Pangeamoneytransfer exchange rate for sending money from USD to MYR is 4.12 with a $ 5.99 fee. Based on the Exchange Rate IQ calculations it offers 0.97% less than the best value for your money transfer. The realized exchange rate after considering the fees is 4.07. The pay in options available are Debitcard, also you can receive money using Bank, at multiple Pangeamoneytransfer partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Pangeamoneytransfer click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 3.99) $ 503.99
Receiving Amount
RM 2040
Realized Exchange Rate
4.05
remitly USD to MYR Exchange Rate
4.08
1.46% vs Best Value

SEND NOW

Transfer Time : 1-2 Days
Remitly is a one of the safest & leading money transfer service provider for sending money from USA to Malaysia for sending amount 500. Today’s Remitly exchange rate for sending money from USD to MYR is 4.08 with a $ 3.99 fee. Based on the Exchange Rate IQ calculations it offers 1.46% less than the best value for your money transfer. The realized exchange rate after considering the fees is 4.05. 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 1-2 Days. 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)

$ 506.99
Pay-In :
4.08 / 4.02
1-2 Days
RM 2040
Pay-Out :

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.


About USD and MYR

Did you know, an approximation based on figures recorded by the World Bank revealed that $62,000,000 was sent from US to Malaysia in the financial year 2017-2018? This transfer was made to family members, relatives and friends in Malaysia from people in the US, whether citizens or not. Some people also opted to purchase property and pay their freelance employees in Malaysia.

All the above mentioned services require money transfer regularly. The surest way of knowing the best service providers in the market is by going through our latest data here at ERIQ.

Best way to send money from USA to Malaysia

Sending money from USA to Malaysia is possible and that is an already known phenomenon. Many people in the US make occasional remittances to several parts of the world and one of the countries that is a regular receiver of these funds is Malaysia.

So what are these services that offer remittance of money from US to Malaysia?

Online money transfer companies vs Direct cash transfer services

Online money transfer companies are also known as Digital money service providers. They are termed this way because you can easily send money via their apps and websites which you can access at any time you want online. 

You may question their security for fear of hackers and cyber-terrorists who pose a threat to the internet world. However, most of these service providers have 16-bit encryption security systems installed that ensure nothing comes in between your money and its recipient. Some of these providers include Instarem, TransferWise, Remitly and Azimo. Instarem offers the best rates in the foreign exchange market for this particular transfer.

Direct cash service providers, on the other hand, are also efficient to send your money from US to Malaysia. They are equally fast and transfer your money at low to no service costs. Some of the most used companies in this category include WorldRemit, Western Union, MoneyGram and Skrill.

Fastest and cheapest way to send your money from US to Malaysia

The fastest way to send money from US to Malaysia and at more affordable rates is through online money transfer companies like XE Money, TransferWise and Remitly.

4 Things to consider when sending money from US to Malaysia

When sending money from US to Malaysia, you have to be careful about which option you are choosing. Some transfer companies offer better rates than others while some transfer your money at better speeds. 

Some of the things you should look out for in a transfer option are:

  1. Exchange rates: Always make sure that the transfer exchange rate that you are offered is close to the mid-market rate. This way, you can get more value for your money.


  2. Transfer charges: These refer to the service costs that every transfer service provider incorporates into their transfers. Some service providers charge more for better speeds of transfer.


  3. Transfer limits: You have to compare the minimum and maximum transfer limits offered by different transfer options and make sure that they fit your transfer plan.


  4. Customer support: You have to choose a service provider that will always be there whenever you need help either going through their site or when you have made a transfer to the wrong address.

FAQ's

How can I compare the different money transfer service providers to determine which one is better for me?

The best way to determine the money transfer option that you are going to use is through using your exchange rate calculator that will enable you to get the best rates being offered in the market. Thereafter, you can weigh it with other options such as speeds of transfer and the security of your money.

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What is the safest way to send money from US to Malaysia?

Safety and security solely depend on the service providers that you choose. If you choose a globally trusted service provider, then chances are that you have a money safe guarantee. Learn how internationally trusted service providers like XE Money make sending money from US to Malaysia a simple process.

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What is the cheapest way of sending money from US to Malaysia?

Services like XE Money can help you transfer money to Malaysia for free. It is however good to mention that online money transfer services are generally cheaper when compared to others like Western Union. The concept of the cheapest money transfer service also depends on a lot of things including the preferred mode of transfer. For example, if the recipient can only receive money through a bank then you have to find the best offer in the market.

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Historical Mid Market Exchange Rate From US Dollar (USD) to Malaysia Ringgit (MYR) (Weekly)

Current Exchange Rate(Mid Market) :- 4.16 MYR/USD

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 USD To MYR

Send US Dollar To MALAYSIA Receive Malaysia Ringgit
1 USD TO MYR 4.16
50 USD TO MYR 208
100 USD TO MYR 416
250 USD TO MYR 1040
500 USD TO MYR 2080
1000 USD TO MYR 4160
5000 USD TO MYR 20800
10000 USD TO MYR 41600
Send Malaysia Ringgit Receive US Dollar From MALAYSIA
1 MYR FROM USD 0.24
50 MYR FROM USD 12.02
100 MYR FROM USD 24.04
250 MYR FROM USD 60.1
500 MYR FROM USD 120.19
1000 MYR FROM USD 240.38
5000 MYR FROM USD 1201.92
10000 MYR FROM USD 2403.85

Click To Compare Money Transfer Services For The Following

Best Money Transfer Rate USD to MYR

Company Name Live Exchange Rate
XE Money Transfer RM 4.16
Instarem RM 4.15
Worldremit RM 4.02
Transferwise RM 4.16
Pangeamoneytransfer RM 4.12
Remitly RM 4.08
USD

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