Question 1

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

Accepted Answer

Sending money internationally to Australia from Malaysia can be challenging given so many companies willing to move your money overseas.

To make this easier, RemitFinder compares exchange rates from various providers to bring you the best choices for your Malaysian Ringgit to AUD money transfers.

These companies been vetted by our team to ensure you get access to safe, secure and reliable providers to send money to Australia from Malaysia. Plus, you can take advantage of exclusive promo codes and deals so your loved ones back home get maximum AUD for every Malaysian Ringgit you send.

Question 2

How to get the best MYR to AUD exchange rate?

Accepted Answer

Malaysian Ringgit to Australian Dollar exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Australia from Malaysia. Another added complexity is the multitude of choices at your disposal, making manual searching time consuming and difficult.

You can eliminate the manual work to search and compare providers for your MYR to Australian Dollar money transfers by signing up for the RemitFinder daily rate alert. It is completely free; we do the hard work of comparing various companies, and send you the info you need.

This way, you do not miss out on good choices if we add new partners for the Malaysia to Australia corridor.

Question 3

What is the cheapest way for sending money to Australia from Malaysia?

Accepted Answer

Finding the cheapest way to send money from Malaysia to Australia may not be easy, especially with so many choices available.

It may be tempting to use traditional services like currency exchanges in malls or grocery outlets. Whilst you can certainly transfer money from MYR to AUD via these channels, they may not be the most economical.

Online money transfers are more cost effective, and RemitFinder provides you many good choices to get the best Malaysia to Australia exchange rate. Many of these providers also provide exclusive promo codes and offers to our customers; availing these will reduce the cost of your transfer further.

Question 4

Should I use my bank to send money from Malaysia to Australia?

Accepted Answer

We do not recommend using your bank in Malaysia for your next MYR to AUD transfer. This is because banks are known to give you worse exchange rates and yet charge high fees (up to USD 35-50, or currency equivalent) - a double whammy that will make your transaction expensive.

You will generally save more by relying on money transfer companies for sending AUD to Australia. These companies will let you use your local bank account in Malaysia to pay for your Australia money transfer, but will likely save you a lot of money with better rates and lower fees.

Question 5

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

Accepted Answer

Speed can be one of the key factors to consider when sending funds internationally from Malaysia to Australia. This is especially true if you need to send money urgently.

To help you convert from MYR to AUD fast, we recommend reading our "all you need to know about remittances" guide. This will help you understand factors that affect transfer speed so you can choose the fastest providers.

If speed was the only factor to consider (for emergency needs), cash transfers may be your best bet - but carrying cash is risky.

Hopefully, you do not find yourself in a crisis where you have to rush Australian Dollar quickly to Australia, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.

Question 6

Which are the best money transfer companies to send money from Malaysia to Australia?

Accepted Answer

Finding the best money transfer companies for sending money to Australia from Malaysia can be challenging, especially given the many choices.

When comparing providers, inspect them on various parameters to gauge the best fit for sending to Australia. For example, how much do you want to send? Are you OK paying a fee for your Malaysian Ringgit to Australian Dollar transfer? Can you send money using indicative rates? When you apply your criteria to the choices you see, you can fine tune the list to a small number.

Finally, keep an eye on promotions as they will help maximize your AUD yield on every Malaysian Ringgit that you send.

Question 7

Step by step guide to transfer money to Australia from Malaysia

Accepted Answer

The first step in sending money to Australia from Malaysia is to select a money transfer provider that suits your needs. You can use RemitFinder's comparison tool to compare choices.

Once you have chosen a provider, follow these steps to make your MYR to AUD money transfer.

Click through to the provider's site and register an account.
Provide information and documentation that the provider may need for compliance and regulatory checks.
Add recipient information including their payout info like bank account in Australia.
Enter your transfer amount, and initiate the transfer.
Pay for your transfer via your Malaysia bank account or other methods like a Debit Card.
Your provider should process the transfer to Australia.

The provider will notify you of the progress on your transfer. Many companies also have mobile apps; you can use that to track the real time status of your transfer from Malaysia to Australia.

1 MYR	0.35 AUD
5 MYR	1.77 AUD
10 MYR	3.53 AUD
25 MYR	8.83 AUD
50 MYR	17.66 AUD
100 MYR	35.32 AUD
150 MYR	52.98 AUD
200 MYR	70.64 AUD
250 MYR	88.30 AUD
300 MYR	105.96 AUD
400 MYR	141.28 AUD
500 MYR	176.60 AUD
600 MYR	211.92 AUD
700 MYR	247.24 AUD
800 MYR	282.56 AUD
1000 MYR	353.20 AUD
1500 MYR	529.80 AUD
2000 MYR	706.40 AUD
2500 MYR	883.00 AUD
3000 MYR	1,059.60 AUD
4000 MYR	1,412.80 AUD
5000 MYR	1,766.00 AUD
10000 MYR	3,532.00 AUD
15000 MYR	5,298.00 AUD
20000 MYR	7,064.00 AUD
30000 MYR	10,596.00 AUD
40000 MYR	14,128.00 AUD
50000 MYR	17,660.00 AUD
100000 MYR	35,320.00 AUD

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