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

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

Malaysia
Micronesia
MYR
Interbank Exchange Rate: 1 MYR = 0.2421 USD
Updated about 1 hours ago

Found 2 Remittance Service Providers

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 =
238.50 USD
Transfer Limit (MYR): No Limits
Indicative Rate1 MYR = 0.2385 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 Micronesia. 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.

When making a money transfer to Micronesia from Malaysia, we currently have 2 remittance service providers available.

Wise currently offers the most competitive rate for sending money to Micronesia and their 1 MYR to USD exchange rate today is 0.2388.

The next best Malaysian Ringgit to US Dollar exchange rate today for money transfers to Micronesia is offered by Verto (1 MYR = 0.2385 USD).

Were you looking to send money from Micronesia 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 MYR6.05 USD
50 MYR12.11 USD
100 MYR24.21 USD
150 MYR36.32 USD
200 MYR48.42 USD
250 MYR60.53 USD
300 MYR72.63 USD
400 MYR96.84 USD
500 MYR121.05 USD
600 MYR145.26 USD
700 MYR169.47 USD
800 MYR193.68 USD
1,000 MYR242.10 USD
1,500 MYR363.15 USD
2,000 MYR484.20 USD
2,500 MYR605.25 USD
3,000 MYR726.30 USD
4,000 MYR968.40 USD
5,000 MYR1,210.50 USD
10,000 MYR2,421.00 USD
15,000 MYR3,631.50 USD
20,000 MYR4,842.00 USD
30,000 MYR7,263.00 USD
40,000 MYR9,684.00 USD
50,000 MYR12,105.00 USD
100,000 MYR24,210.00 USD

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


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

With the global remittance market booming, there are so many choices for Malaysian Ringgit to USD money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Micronesia from Malaysia. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final USD amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


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

Foreign exchange rates are highly volatile, and it may seem difficult to decide the best timing for your next transfer to Micronesia from Malaysia. Another added complexity is the multitude of choices at your disposal - ranging from your bank, to established operators like WesterUnion and Moneygram, to so many remittance startups and companies, to multi currency bank accounts. It would be ideal if there was an automated way to stay updated with the ever changing remittance landscape.

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

We are also constantly adding new partners for the Malaysia to Micronesia corridor to give you more good choices for your next USD money transfer. This way you do not miss out on additional options to potentially save more.


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

Finding the cheapest way to send money from Malaysia to Micronesia 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 Micronesia 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 Micronesia?

We do not recommend using your local bank in Malaysia for your next MYR to USD overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Malaysia to Micronesia (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending USD to Micronesia. These companies will let you use your local bank account in Malaysia to pay for your Micronesia money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


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

If you need to convert MYR to USD as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Malaysia to Micronesia could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Malaysian Ringgit to United States Dollar funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Micronesia.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Malaysia to Micronesia. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


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

Malaysia to Micronesia money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Micronesia as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Malaysian Ringgit to United States Dollar money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


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

The first step to send money to Micronesia 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 Micronesia 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 Micronesia!

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 Micronesia.