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

Compare today's MYR to MWK (Malaysian Ringgit to Malawian Kwacha) exchange rates

Malaysia
Malawi
MYR
Interbank Exchange Rate: 1 MYR = 419.5768 MWK
Updated about an hour ago

Found 2 Remittance Service Providers

WORLDREMIT
Read more about WorldRemit
(*)★★ (*)★★ (*)★★ (*)★★ ( )★★
1000 MYR =
592 276.80 MWK
Transfer Limit (MYR): No Limits
Locked-In Rate1 MYR = 592.2768 MWK
Get 3 free transfers

📢 Special exchange rate applied for first transfer
RIAMONEYTX
Read more about Ria Money Transfer
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 MYR =
414 250.00 MWK
Transfer Limit (MYR): 1 - 50000
Locked-In Rate1 MYR = 414.2500 MWK

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 Malawian Kwacha money transfers

Easily compare money transfer providers in one place to send money from Malaysia to Malawi. Send money overseas to your loved ones by comparing Malaysian Ringgit (MYR) to Malawian Kwacha (MWK) 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 2 money transfer operators to get you the best FX rates to send money from Malaysia to Malawi.

The best rate to send Malawian Kwacha from Malaysian Ringgit to your loved ones in Malawi is currently offered by WorldRemit; their 1 MYR to MWK exchange rate today is 592.2768.

Ria Money Transfer offers the next most competitive Malaysian Ringgit to Malawian Kwacha exchange rate today (currently 1 MYR = 414.2500 MWK).

Were you looking to send money from Malawi 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 MWK Conversion Rates

Here are some latest MYR to MWK (Malaysian Ringgit to Malawian Kwacha) exchange rates for popular conversion amounts*.

1 MYR419.58 MWK
5 MYR2,097.88 MWK
10 MYR4,195.77 MWK
25 MYR10,489.42 MWK
50 MYR20,978.84 MWK
100 MYR41,957.68 MWK
150 MYR62,936.52 MWK
200 MYR83,915.36 MWK
250 MYR104,894.20 MWK
300 MYR125,873.04 MWK
400 MYR167,830.72 MWK
500 MYR209,788.40 MWK
600 MYR251,746.08 MWK
700 MYR293,703.76 MWK
800 MYR335,661.44 MWK
1,000 MYR419,576.80 MWK
1,500 MYR629,365.20 MWK
2,000 MYR839,153.60 MWK
2,500 MYR1,048,942.00 MWK
3,000 MYR1,258,730.40 MWK
4,000 MYR1,678,307.20 MWK
5,000 MYR2,097,884.00 MWK
10,000 MYR4,195,768.00 MWK
15,000 MYR6,293,652.00 MWK
20,000 MYR8,391,536.00 MWK
30,000 MYR12,587,304.00 MWK
40,000 MYR16,783,072.00 MWK
50,000 MYR20,978,840.00 MWK
100,000 MYR41,957,680.00 MWK

*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 Malawi from Malaysia?

Sending money internationally to Malawi from Malaysia can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Malaysian Ringgit to MWK remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Malawi. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Malawian Kwacha.


How to get the best exchange rate for sending money from Malaysia to Malawi?

With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your Malaysia to Malawi transfers.

RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your MYR to Malawian Kwacha international money transfers.

To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest Malaysian Ringgit to Malawian Kwacha exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.


What's the cheapest way to send money to Malawi from Malaysia?

One of the most important things to watch out for is hidden fees when sending money to Malawi 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 Malawi using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Malawian Kwacha foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best MYR to Malawi 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 Malawi from Malaysia.


How to send money from Malaysia to Malawi through a bank?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Malaysia to Malawi money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like MYR to MWK transfers.

Given this, there are umpteen additional options to send money to Malawi instead of just your Malaysia bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Malaysian Ringgit even more so that your recipient in Malawi gets the maximum amount.


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

The first thing to do when you need to convert MYR to MWK quickly is to compare various banks, foreign exchange companies and remittance service providers to see which ones can meet your transaction timing requirements. Once you identify the right provider, it's easy to do the actual transaction.

The harder part might be how to identify which providers can execute fast funds transfers between Malaysian Ringgit and Malawian Kwacha. While every company may have variations in how fast they will finish your money transfer, there are some general guidelines that may help you identify the fastest provider. For example, how you fund your transfer will have a direct impact on transaction speed. Similarly, if your recipient has to pick up cash from a far away location, or there are bank holidays going on, it may take longer for your funds to arrive.

To help demystify the unknowns in the end to end Malaysia to Malawi remittance process, you can study this detailed guide to money transfers. Awareness of all the intricacies of overseas funds transfers will help you make the right decisions to realize the fastest possible choices to send money to Malawi.


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

Since the Malaysian Ringgit to Malawian Kwacha money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Malaysia that may also be able to send money to Malawi. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your MYR to MWK money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Malawi gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Malaysia to Malawi transaction.


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

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 Malawi, 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 Malawi 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 Malawi where they can receive monies in Malawian Kwacha.
  • 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.