Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's MYR to USD (Malaysian Ringgit to US Dollar) exchange rates

Malaysia
Timor-Leste (East Timor)
MYR
Interbank Exchange Rate: 1 MYR = 0.2422 USD
Updated about an hour ago

Found 3 Remittance Service Providers

RIAMONEYTX
Read more about Ria Money Transfer
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 MYR =
241.30 USD
Transfer Limit (MYR): 1 - 50000
Locked-In Rate1 MYR = 0.2413 USD
TRANSFERWISE
Read more about Wise
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 MYR =
238.80 USD
Transfer Limit (MYR): 1 - 1000000
Locked-In Rate1 MYR = 0.2388 USD
verto
Read more about Verto
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 MYR =
238.40 USD
Transfer Limit (MYR): No Limits
Indicative Rate1 MYR = 0.2384 USD

📢 B2B transfers only

If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.





All you need to know about Malaysian Ringgit to US Dollar money transfers

Easily compare money transfer providers in one place to send money from Malaysia to Timor-Leste (East Timor). Send money overseas to your loved ones by comparing Malaysian Ringgit (MYR) to US Dollar (USD) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

RemitFinder compared 3 money transfer operators to get you the best FX rates to send money from Malaysia to Timor-Leste (East Timor).

The best rate to send US Dollar from Malaysian Ringgit to your loved ones in Timor-Leste (East Timor) is currently offered by Ria Money Transfer; their 1 MYR to USD exchange rate today is 0.2413.

Wise offers the next most competitive Malaysian Ringgit to US Dollar exchange rate today (currently 1 MYR = 0.2388 USD).

Were you looking to send money from Timor-Leste (East Timor) to Malaysia instead?

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.


Latest MYR to USD Conversion Rates

Here are some latest MYR to USD (Malaysian Ringgit to US Dollar) exchange rates for popular conversion amounts*.

1 MYR0.24 USD
5 MYR1.21 USD
10 MYR2.42 USD
25 MYR6.06 USD
50 MYR12.11 USD
100 MYR24.22 USD
150 MYR36.33 USD
200 MYR48.44 USD
250 MYR60.55 USD
300 MYR72.66 USD
400 MYR96.88 USD
500 MYR121.10 USD
600 MYR145.32 USD
700 MYR169.54 USD
800 MYR193.76 USD
1,000 MYR242.20 USD
1,500 MYR363.30 USD
2,000 MYR484.40 USD
2,500 MYR605.50 USD
3,000 MYR726.60 USD
4,000 MYR968.80 USD
5,000 MYR1,211.00 USD
10,000 MYR2,422.00 USD
15,000 MYR3,633.00 USD
20,000 MYR4,844.00 USD
30,000 MYR7,266.00 USD
40,000 MYR9,688.00 USD
50,000 MYR12,110.00 USD
100,000 MYR24,220.00 USD

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to transfer money from Malaysia to Timor-Leste (East Timor)?

Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Malaysia to Timor-Leste (East Timor). We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Malaysian Ringgit to USD.

You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send MYR to USD in Timor-Leste (East Timor). Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.

With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Timor-Leste (East Timor) from Malaysia. We provide you with maximum choices to send money to Timor-Leste (East Timor) by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best exchange rate for sending money from Malaysia to Timor-Leste (East Timor)?

Just like the cryptocurrency market, the foreign exchange market is constantly fluctuating. On top of that, there are so many new service providers on the global remittance landscape. This may make it hard for remitters to find the best ways to send money to Timor-Leste (East Timor) from Malaysia.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your MYR to United States Dollar remittances. We do all the hard work to search and compare numerous multi currency banks, foreign exchange services, remittance service providers, etc., to ensure you can use the best possible vehicles to send money overseas.

You can also register for our daily rate alert to stay aware of the latest exchange rates for MYR to USD remittances. Our rate alert is totally free, and is a great way to save your previous time and make the most of your hard earned money. We do the hard work so you do not have to manually search and compare money transfer companies.


What's the cheapest way to send money to Timor-Leste (East Timor) from Malaysia?

Finding the cheapest way to send money from Malaysia to Timor-Leste (East Timor) might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer MYR to USD via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Malaysia to Timor-Leste (East Timor) exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


Should I use my bank to send money from Malaysia to Timor-Leste (East Timor)?

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low MYR to USD exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Malaysia to Timor-Leste (East Timor) money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Timor-Leste (East Timor) from Malaysia. They do this by letting you fund your transaction through your local bank account in Malaysia, and by allowing you to choose the payout to be your recipient's bank account in Timor-Leste (East Timor). But, you are likely to get much better rates and lower fees compared to your bank.


What is the fastest way to do a money transfer to Timor-Leste (East Timor) from Malaysia?

It could be a stressful experience if you need to rush money quickly from Malaysia to Timor-Leste (East Timor). How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert MYR to USD. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in United States Dollar. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Malaysia to Timor-Leste (East Timor) money transfers.


Which are the best money transfer companies to transfer money from Malaysia to Timor-Leste (East Timor)?

Comparing money transfer companies for sending money to Timor-Leste (East Timor) from Malaysia can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Timor-Leste (East Timor). How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Malaysian Ringgit to United States Dollar transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the United States Dollar yield on every Malaysian Ringgit that you send.


Step by step guide to send money to Timor-Leste (East Timor) from Malaysia

The first step to send money to Timor-Leste (East Timor) from Malaysia is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your MYR to USD overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Timor-Leste (East Timor) if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Malaysia bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Timor-Leste (East Timor)!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Malaysia to Timor-Leste (East Timor).