Compare today's MYR to MMK (Malaysian Ringgit to Myanmar Kyat) exchange rates
📈 Malaysia to Myanmar (Burma) Money Transfer Snapshot Today
- Number of money transfer providers compared: 0
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real MYR to MMK exchange rate before providers add their margin or fees. exchange rate: 1 MYR = MMK 535.1198 (Updated about an hour ago)
💡What today's MYR-MMK exchange rates mean for you
Compare today's MYR-MMK exchange rates and send money from Malaysia to Myanmar (Burma) after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
MYR-MMK exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final MMK payout that your recipient gets in Myanmar (Burma).
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Malaysia to Myanmar (Burma) remittances.
🔄 Looking for the reverse corridor? Send money from Myanmar (Burma) to Malaysia instead.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Malaysia.
👇 We also suggest looking beyond today's MYR-MMK exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst MYR-MMK exchange rate is crucial, historical data shows that transfer fees, MYR amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze Malaysia to Myanmar (Burma) historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your MMK payout.
Data-driven cost insights for Malaysia to Myanmar (Burma) money transfers
When you send money internationally from Malaysia to Myanmar (Burma), the key factors that will influence the overall cost of your transaction are:
- MYR-MMK exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum MMK payout for your overseas recipient in Myanmar (Burma).
Another counter-balancing aspect is money transfer speed. If you need to rush money from Malaysia to Myanmar (Burma), you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for Malaysia to Myanmar (Burma) money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 139 actual Malaysia to Myanmar (Burma) money transfers handled by 4 providers over the last 5 years (for a MYR 610 remittance benchmark).
This data-driven approach using real MYR-MMK transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for Malaysia to Myanmar (Burma) money transfers
- Average total cost: 6.86% (range -2.52% to 29.70%, spread 32.22 percentage points)
- Potential payout difference: On a MYR 610 transfer, the above variation can save you up to MYR 196.54.
- Average FX markup: 5.16% (range -3.34%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 27.73%, spread 31.07 percentage points) - Average transfer fee: MYR 10.40 (range MYR 5.00 to MYR 15.00)
- Cheapest payment/delivery method combo: Credit Card → Cash Pickup (4.65% avg cost); most expensive is Debit Card → Mobile Wallet (8.99%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 4.34% (MYR 26.49 on MYR 610 transfer).
- Market coverage: ~4 providers on average (competition level: limited)
- Average speed: About 4 hours
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your Malaysia to Myanmar (Burma) money transfers.
📈 MYR to MMK exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Malaysia to Myanmar (Burma) money transfers is usually the single biggest factor that will determine your overall MYR cost and your recipient's MMK payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a MYR 610 money transfer benchmark, we see the following FX markup ranges for Malaysian Ringgit to Myanmar (Burma) transfers:
- Average markup: 5.16%
- Median markup: 1.71%
- Lowest markup: -3.34%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 27.73%
That is a spread of 31.07 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a MYR 610 transfer, the above markup range is equivalent to roughly MMK 189.53 purely from differences in the exchange rate. That incremental saving increases to MMK 475.37 for a MYR 1530 transfer.
🛠️ How to use this insight: When comparing providers for Malaysia to Myanmar (Burma) remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
MYR to MMK exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total Malaysia to Myanmar (Burma) remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your Malaysian Ringgit reaches your recipient in Myanmar (Burma).
Based on data from last 5 years, we notice the below about Malaysian Ringgit to Myanmar (Burma) money transfer fees:
- Average fee: MYR 10.40
- Median fee: MYR 12.00
- Lowest fee: MYR 5.00
- Highest fee: MYR 15.00
The average fee amount of MYR 10.40 noted above represents 1.70% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by MYR 10.00.
🛠️ How to use this insight: For your next money transfer from Malaysia to Myanmar Kyat, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for MYR-MMK remittances
Based on our detailed analysis of historical Malaysia to Myanmar (Burma) data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to Myanmar (Burma) from Malaysia:
- Credit Card: 4.65%
- Bank Account Transfer: 5.65%
- Cash: 6.89%
- Debit Card: 7.91%
That is a total spread of 3.26 percentage points.
This means that on a MYR 610 transfer, you could save up to MYR 19.89 simply by choosing the best priced payment method.
These savings will only multiply for higher MYR amounts.
Here is the average cost of popular delivery methods used to send money from Malaysia to Myanmar (Burma):
- Cash Pickup: 6.14%
- Bank Deposit: 8.92%
- Mobile Wallet: 8.95%
The cost difference between the above delivery methods is 2.81 percentage points.
Once again, this means that you could save up to MYR 17.14 on a MYR 610 transfer to Myanmar (Burma) by choosing Cash Pickup versus Mobile Wallet.
As you can imagine, the possible combinations of Malaysia payment methods and Myanmar (Burma) delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for Malaysia to MMK money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Credit Card | Cash Pickup | 4.65 |
| Bank Account Transfer | Cash Pickup | 5.65 |
| Cash | Cash Pickup | 6.20 |
| Debit Card | Cash Pickup | 6.79 |
| Cash | Bank Deposit | 8.90 |
| Cash | Mobile Wallet | 8.91 |
| Debit Card | Bank Deposit | 8.94 |
| Debit Card | Mobile Wallet | 8.99 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these MYR-MMK payment and delivery options is significant. Here are some observations:
- Credit Card → Cash Pickup has the lowest average cost at 4.65%.
- Debit Card → Mobile Wallet has the highest average cost at 8.99%.
- Credit Card → Cash Pickup average cost is 4.34 percentage points lower than that of Debit Card → Mobile Wallet.
- This means that on a MYR 610 money transfer, you could save up to MYR 54.83 simply by choosing the best payment and delivery method combo.
- Further, on a MYR 1530 money transfer, the savings increase to MYR 137.51.
Here is a quick summary of the average historical cost of various payment and delivery methods for MYR to Myanmar (Burma) money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Credit Card averaged 4.65%, compared to 7.91% for Debit Card, a difference of 3.26 percentage points.
- Cheapest delivery method: Cash Pickup averaged 6.14%, compared to 8.95% for Mobile Wallet (2.81 percentage points higher).
- Cheapest combo: Credit Card → Cash Pickup averaged 4.65%, which is 4.34 percentage points lower than Debit Card → Mobile Wallet (8.99%).
🛠️ How to use this insight: As you compare money transfer providers for your next Malaysia to Myanmar (Burma) international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your Malaysia to Myanmar (Burma) remittances by carefully choosing the most economical payment and delivery methods.
📊 Does sending more money reduce the cost of MYR-MMK money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending MYR 610 vs MYR 1530 from Malaysia to Myanmar (Burma).
We found that sending a higher amount (MYR 1530) tends to be cheaper - average cost drops from 6.86% to 5.93%, a reduction of 0.94 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Malaysian Ringgit amounts to Myanmar (Burma), consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the Malaysia to Myanmar (Burma) remittance market?
Based on data from the last 5 years, MYR-MMK money transfers are provided on an average by 4 remittance companies. With around 4 providers serving this market, we consider the level of competition to be limited.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Malaysia to Myanmar (Burma) remittances.
⏱️ How fast are MYR-MMK money transfers?
If your recipient in Myanmar (Burma) needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Malaysia to Myanmar (Burma) transfers when it comes to processing time:
- Average transfer time: About 4 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 48 hours (~2.0 days).
- Average speed at MYR 610: About 4 hours.
- Average speed at MYR 1530: About 4 hours.
🛠️ How to use this insight: If you need to send money from Malaysia to Myanmar (Burma) in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Myanmar (Burma).
Malaysia to Myanmar (Burma) transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about Malaysia to Myanmar (Burma) money transfers
These FAQs use data from RemitFinder's historical analysis of Malaysia to Myanmar (Burma) money transfers over several years.
What factors affect the total cost of sending money from Malaysia to Myanmar (Burma)?
The total cost of your MYR-MMK money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect Malaysia to Myanmar (Burma) transfers?
Historical MYR to MMK exchange rate markup ranges from -3.34% to 27.73%, a spread of 31.07 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can MYR-MMK exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative MYR-MMK exchange rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Is the exchange rate or the transfer fee more important for Malaysia to Myanmar (Burma) transfers?
Exchange rate markup ranges from -3.34% to 27.73% (a spread of 31.07 percentage points).
Transfer fees range from MYR 5.00 to MYR 15.00, which equals roughly 1.64% on a MYR 610.00 transfer.
At both MYR 610.00 and MYR 1530.00, the exchange rate markup shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Malaysia to Myanmar (Burma) transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger MYR amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most MMK for your MYR.
How much can Malaysia to Myanmar (Burma) transfer costs vary between providers?
Historical transfer cost ranges from -2.52% to 29.70% for MYR transfers to Myanmar (Burma). That is a spread of 32.22 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -3.34% to 27.73% (a spread of 31.07 percentage points). Thus, even small differences in FX margin can have a big impact on the final MMK payout.
Why do various money transfer providers price MYR to Myanmar (Burma) transfers differently?
If you send the same Malaysian Ringgit amount to Myanmar (Burma) via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final MMK payout in Myanmar (Burma) in a big way.
How stable are transfer costs in the Malaysia to Myanmar (Burma) corridor?
When we analyzed the historical total cost for MYR-MMK transfers, we observed a range from -2.52% to 29.70% (32.22 percentage points difference), along with a variability (standard deviation) of 7.41%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -3.34% to 27.73% (31.07 percentage points difference), with a standard deviation of 7.36%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your MYR-MMK transfers.
Which payment method is cheapest for Malaysia to Myanmar (Burma) remittances?
Credit Card is the cheapest payment method in Malaysia based on its average cost at 4.64% (compared to Debit Card at 7.91%, a difference of 3.26 percentage points).
Based on this, we recommend paying for your MYR transfer with Credit Card, and avoiding Debit Card if possible.
Is Debit Card cheaper than Credit Card for Malaysia to Myanmar (Burma) transfers?
Credit Card is cheaper on average when sending money to Myanmar (Burma) from Malaysia since it costs 7.91% (compared to 4.64% for Credit Card payments, a difference of 3.26 percentage points).
As a result, we recommend that you avoid paying for your transfer to Myanmar (Burma) with a Credit Card.
Which delivery method is cheapest for MYR-MMK money transfers?
Cash Pickup is the cheapest delivery method in Myanmar (Burma) as it costs 6.14% (compared to Mobile Wallet at 8.95%, a spread of 2.81 percentage points).
If your recipient in Myanmar (Burma) can accept Cash Pickup, we recommend choosing it as your preferred delivery option for MYR-MMK transfers.
Is Bank Deposit cheaper than Cash Pickup for Malaysia to Myanmar (Burma) transfers?
Cash Pickup is cheaper for transfers to Myanmar (Burma) given its 8.92% average cost (versus 6.14% for Cash Pickup, a difference of 2.78 percentage points).
To save more, consider choosing the cheapest delivery option for Myanmar (Burma).
What is the cheapest way to send money from Malaysia to Myanmar (Burma)?
We evaluated 8 payment and delivery method combinations for Malaysia to Myanmar (Burma) remittances.
Based on historical data, Credit Card → Cash Pickup is the cheapest combination with 4.64% cost.
At the other end of the spectrum, Debit Card → Mobile Wallet is the most expensive combination at 8.99% cost. That is a difference of 4.34 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Malaysia to Myanmar (Burma) remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your MYR-MMK transfers.
Does sending more money reduce the cost for Malaysia to Myanmar (Burma) transfers?
Larger MYR-MMK transfers are cheaper on average.
The cost of a MYR 610 transfer averages 6.86% as compared to 5.93% for a MYR 1530 transfer, a difference of 0.94 percentage points.
How long does it take to send money from Malaysia to Myanmar (Burma)?
Based on our analysis, the average transfer time for MYR-MMK transfers is 4 hours, with the fastest transfers completing in less than one hour and the slowest in 48 hours (~2.0 days).
Are instant transfers available from Malaysia to Myanmar (Burma)?
Yes, historical data shows that some transfers to Myanmar (Burma) from Malaysia can complete in less than one hour.
Note that the actual speed of your MYR-MMK transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
How competitive is the Malaysia to Myanmar (Burma) remittance market?
Based on historical data, the competition level in Malaysia to Myanmar (Burma) is considered limited with 4 active providers.
Do I risk overpaying if I do not compare providers for Malaysia to Myanmar (Burma)?
Historically, total MYR-MMK transfer cost has varied by 32.22 percentage points. On a MYR 610 transfer, that can translate to MYR 196.54 in savings.
MYR-MMK exchange rate markup also varies across providers. The average markup spread has been about 31.07 percentage points. On a MYR 610 transfer, that could be MYR 189.53 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about MYR 10.00 across providers.
That is why comparing providers can materially change how much of the MYR you send does your recipient receive in Myanmar (Burma) in Myanmar (Burma).
Latest MYR to MMK Conversion Rates
Here are some latest MYR to MMK (Malaysian Ringgit to Myanmar Kyat) exchange rates for popular conversion amounts*.
| 1 MYR | 535.12 MMK |
| 5 MYR | 2,675.60 MMK |
| 10 MYR | 5,351.20 MMK |
| 25 MYR | 13,378.00 MMK |
| 50 MYR | 26,755.99 MMK |
| 100 MYR | 53,511.98 MMK |
| 150 MYR | 80,267.97 MMK |
| 200 MYR | 107,023.96 MMK |
| 250 MYR | 133,779.95 MMK |
| 300 MYR | 160,535.94 MMK |
| 400 MYR | 214,047.92 MMK |
| 500 MYR | 267,559.90 MMK |
| 600 MYR | 321,071.88 MMK |
| 700 MYR | 374,583.86 MMK |
| 800 MYR | 428,095.84 MMK |
| 1000 MYR | 535,119.80 MMK |
| 1500 MYR | 802,679.70 MMK |
| 2000 MYR | 1,070,239.60 MMK |
| 2500 MYR | 1,337,799.50 MMK |
| 3000 MYR | 1,605,359.40 MMK |
| 4000 MYR | 2,140,479.20 MMK |
| 5000 MYR | 2,675,599.00 MMK |
| 10000 MYR | 5,351,198.00 MMK |
| 15000 MYR | 8,026,797.00 MMK |
| 20000 MYR | 10,702,396.00 MMK |
| 30000 MYR | 16,053,594.00 MMK |
| 40000 MYR | 21,404,792.00 MMK |
| 50000 MYR | 26,755,990.00 MMK |
| 100000 MYR | 53,511,980.00 MMK |
*Based on the Mid-market Exchange Rate
1 Based on 139 pricing observations across 4 firms over the last 5 years for a MYR 610 money transfer from Malaysia to Myanmar (Burma). Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Malaysia to Myanmar (Burma) remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.