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

Compare today's MYR to IDR (Malaysian Ringgit to Indonesian Rupiah) exchange rates

Malaysia
Indonesia
MYR
Interbank Exchange Rate: 1 MYR = 4,025.9282 IDR
Updated about an hour ago

Found 7 Remittance Service Providers

INSTAREM
Read more about Instarem
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 MYR =
4 023 950.00 IDR
Transfer Limit (MYR): No Limits
Indicative Rate1 MYR = 4,023.9500 IDR
RIAMONEYTX
Read more about Ria Money Transfer
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 MYR =
4 017 000.00 IDR
Transfer Limit (MYR): 1 - 50000
Locked-In Rate1 MYR = 4,017.0000 IDR
MONEYMATCH
Read more about MoneyMatch
( )★★ ( )★★ ( )★★ ( )★★ ( )★★
1000 MYR =
3 987 889.00 IDR
Transfer Limit (MYR): 0 - 30000
Indicative Rate1 MYR = 3,987.8890 IDR
Get MYR 8 off on first transfer
TRANSFERWISE
Read more about Wise
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 MYR =
3 974 449.00 IDR
Transfer Limit (MYR): 1 - 1000000
Locked-In Rate1 MYR = 3,974.4490 IDR
verto
Read more about Verto
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 MYR =
3 970 164.70 IDR
Transfer Limit (MYR): No Limits
Indicative Rate1 MYR = 3,970.1647 IDR

📢 B2B transfers only
WORLDREMIT
Read more about WorldRemit
(*)★★ (*)★★ (*)★★ (*)★★ ( )★★
1000 MYR =
3 968 813.00 IDR
Transfer Limit (MYR): No Limits
Locked-In Rate1 MYR = 3,968.8130 IDR
Get 3 free transfers

📢 Special exchange rate applied for first transfer
SKRILL
Read more about Skrill Money Transfer
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 MYR =
3 872 362.70 IDR
Transfer Limit (MYR): 9.5892 - 47946
Locked-In Rate1 MYR = 3,872.3627 IDR

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 Indonesian Rupiah money transfers

Easily compare money transfer providers in one place to send money from Malaysia to Indonesia. Send money overseas to your loved ones by comparing Malaysian Ringgit (MYR) to Indonesian Rupiah (IDR) 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.

When making a money transfer to Indonesia from Malaysia, we currently have 7 remittance service providers available.

Instarem currently offers the most competitive rate for sending money to Indonesia and their 1 MYR to IDR exchange rate today is 4,023.9500.

The next best Malaysian Ringgit to Indonesian Rupiah exchange rate today for money transfers to Indonesia is offered by Ria Money Transfer (1 MYR = 4,017.0000 IDR).

MoneyMatch and Wise are amongst other competitive providers to consider for Malaysia to Indonesia money transfers.

Were you looking to send money from Indonesia 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 IDR Conversion Rates

Here are some latest MYR to IDR (Malaysian Ringgit to Indonesian Rupiah) exchange rates for popular conversion amounts*.

1 MYR4,025.93 IDR
5 MYR20,129.64 IDR
10 MYR40,259.28 IDR
25 MYR100,648.21 IDR
50 MYR201,296.41 IDR
100 MYR402,592.82 IDR
150 MYR603,889.23 IDR
200 MYR805,185.64 IDR
250 MYR1,006,482.05 IDR
300 MYR1,207,778.46 IDR
400 MYR1,610,371.28 IDR
500 MYR2,012,964.10 IDR
600 MYR2,415,556.92 IDR
700 MYR2,818,149.74 IDR
800 MYR3,220,742.56 IDR
1,000 MYR4,025,928.20 IDR
1,500 MYR6,038,892.30 IDR
2,000 MYR8,051,856.40 IDR
2,500 MYR10,064,820.50 IDR
3,000 MYR12,077,784.60 IDR
4,000 MYR16,103,712.80 IDR
5,000 MYR20,129,641.00 IDR
10,000 MYR40,259,282.00 IDR
15,000 MYR60,388,923.00 IDR
20,000 MYR80,518,564.00 IDR
30,000 MYR120,777,846.00 IDR
40,000 MYR161,037,128.00 IDR
50,000 MYR201,296,410.00 IDR
100,000 MYR402,592,820.00 IDR

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


What's the best way to send money to Indonesia from Malaysia?

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 Indonesia. 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 IDR.

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 IDR in Indonesia. 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 Indonesia from Malaysia. We provide you with maximum choices to send money to Indonesia by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best remit rate for transferring money from Malaysia to Indonesia?

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 Indonesia from Malaysia.

At RemitFinder, we have tried to solve this exact problem - how to give you access to good choices for your MYR to Indonesian Rupiah 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 IDR 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 from Malaysia to Indonesia?

One of the most important things to watch out for is hidden fees when sending money to Indonesia from Malaysia. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Indonesia using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Indonesian Rupiah foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best MYR to Indonesia exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Indonesia from Malaysia.


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

Big banks in Malaysia are known to make a lot of money by charging high fees on Indonesia money transfers from Malaysia. Do not get ripped off by paying exorbitant transaction fees on your next overseas funds transfer. Look out for more options so you can compare your bank's offer with others out there.

In addition to charging higher than average fees, banks are also notorious for giving you a MYR to IDR exchange rate that may not be the best compared to other options at your disposal. You can use RemitFinder to compare numerous money transfer operators with your bank's proposal so you can see what is the cheapest option to send money to Indonesia. With our live comparison tool, you can easily compare many good options in one glance.

Do not let the convenience of using your local bank prevent you from doing full due diligence on the best and cheapest ways to send money from Malaysia to Indonesia. You work hard for your money, so you should also ensure you get the maximum yield when you send IDR overseas.


What is the fastest way to do a money transfer to Indonesia from Malaysia?

The speed of your Malaysian Ringgit to Indonesian Rupiah funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert MYR to IDR. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Indonesia from Malaysia is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Indonesia if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout IDR into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Malaysia bank to Indonesia bank transfer.


Which are the best money transfer companies to transfer money to Indonesia from Malaysia?

The first step in selecting the best money transfer operators for Malaysia to Indonesia remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.

The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.

Another factor that may help you decide which provider to go with would be any coupons and deals available for Malaysian Ringgit to Indonesian Rupiah money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Indonesia.


Step by step guide to do a money transfer from Malaysia to Indonesia

Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from Malaysia to Indonesia, then please continue to read.

One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from Malaysia to Indonesia that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.

Once you identify your provider of choice, follow the below step by step guide to send money.

  • Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
  • Provide information about the receiver - name, address and a bank account in Indonesia where they can receive monies in Indonesian Rupiah.
  • Then, provide details of your Malaysia bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
  • Finally, select the amount you want to transfer, and click Send.
  • The provider will start your transaction, and keep you updated on the progress of your transfer.

Also, keep an eye on any discount or promotional coupon codes as they may help lower the cost of your remittance. The process is quite easy and you can see your MYR travel to another part of the globe.


Other popular countries to send money from Malaysia