📈 Malaysia to Nigeria Money Transfer Snapshot Today
- Best MYR to NGN exchange rate today: NGN 340.7983, offered by Wise
- Number of money transfer providers compared: 3
- Exchange rate range: NGN 340.7983 to NGN 336.4402
- Potential savings on MYR 1000: NGN 4,358.10
- Number of deals and promo codes: 1
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real MYR to NGN exchange rate before providers add their margin or fees. exchange rate: 1 MYR = NGN 340.9883 (Updated about 2 hours ago)
See detailed Malaysia to Nigeria money transfer comparison below.
Malaysia to Nigeria money transfer providers that matched the search criteria
📢 Special exchange rate applied for first transfer
📢 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.
💡What these rates mean for sending money to Nigeria from Malaysia today
Compare top-rated money transfer providers to find the best way to remit money to Nigeria from Malaysia. Check today's MYR to NGN exchange rates, read detailed provider reviews, and discover exclusive deals and promo codes.
RemitFinder compared 3 providers for Malaysia to Nigeria money transfers today. Here is what the competition looks like right now:
Today's Most Competitive Providers to Transfer Money to Nigeria from Malaysia
🥇 Wise with 1 MYR = 340.7983 NGN (best MYR to NGN exchange rate today).
🥈 WorldRemit offering 1 MYR = 339.4293 NGN.
🥉 Verto is also pricing MYR-NGN competitively today.
The 3 providers compared today offer exchange rates from NGN 336.4402 to NGN 340.7983. On a MYR 1000 transfer from Malaysia to Nigeria, that spread means up to NGN 4,358.10 in potential savings — simply by choosing the right provider.
Malaysian Ringgit to Nigerian Naira exchange rates fluctuate throughout the day, and top-ranked providers can change quickly. Even a small difference in the rate offered can significantly impact how much NGN your recipient receives in Nigeria.
Compare the providers above to maximize every MYR you send to Nigeria. The best Malaysian Ringgit to Nigerian Naira transfer rate changes daily, so comparing today matters.
🔄 Looking for the reverse corridor? Send money from Nigeria 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.
Latest Exchange Rates for Sending Money to Nigeria from Malaysia
Here are some latest MYR to NGN (Malaysian Ringgit to Nigerian Naira) exchange rates for popular conversion amounts*.
| 1 MYR | 340.99 NGN |
| 5 MYR | 1,704.94 NGN |
| 10 MYR | 3,409.88 NGN |
| 25 MYR | 8,524.71 NGN |
| 50 MYR | 17,049.42 NGN |
| 100 MYR | 34,098.83 NGN |
| 150 MYR | 51,148.24 NGN |
| 200 MYR | 68,197.66 NGN |
| 250 MYR | 85,247.08 NGN |
| 300 MYR | 102,296.49 NGN |
| 400 MYR | 136,395.32 NGN |
| 500 MYR | 170,494.15 NGN |
| 600 MYR | 204,592.98 NGN |
| 700 MYR | 238,691.81 NGN |
| 800 MYR | 272,790.64 NGN |
| 1000 MYR | 340,988.30 NGN |
| 1500 MYR | 511,482.45 NGN |
| 2000 MYR | 681,976.60 NGN |
| 2500 MYR | 852,470.75 NGN |
| 3000 MYR | 1,022,964.90 NGN |
| 4000 MYR | 1,363,953.20 NGN |
| 5000 MYR | 1,704,941.50 NGN |
| 10000 MYR | 3,409,883.00 NGN |
| 15000 MYR | 5,114,824.50 NGN |
| 20000 MYR | 6,819,766.00 NGN |
| 30000 MYR | 10,229,649.00 NGN |
| 40000 MYR | 13,639,532.00 NGN |
| 50000 MYR | 17,049,415.00 NGN |
| 100000 MYR | 34,098,830.00 NGN |
*Based on the Mid-market Exchange Rate
What is the best way to send money from Malaysia to Nigeria?
With the remittance market booming, there are so many choices for Malaysian Ringgit to NGN money transfers. Plus, the entry of new fintech companies makes it harder 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 for sending money to Nigeria from Malaysia. All providers on our platform are established, secure companies that our expert team has evaluated.
In addition, these providers offer you exclusive deals and promo codes; these offers help you further maximize the final NGN amount that your recipient in Malaysia gets.
How to get the best MYR to NGN remittance rate?
Malaysian Ringgit to Nigerian Naira exchange rates are constantly fluctuating. On top of that, there are many providers to choose from. This makes it hard for you to find the best ways to send money to Nigeria from Malaysia.At RemitFinder, we have tried to solve this exact problem - give you access to good choices for your MYR to Nigerian Naira remittances. We compare numerous providers to ensure you can use the best possible service to send money overseas.
You can also register for our daily rate alert to stay aware of the latest exchange rates for MYR to NGN remittances. Our rate alert is free, and is a great way to save your precious time and make the most of your money.
What is the cheapest way to send money from Malaysia to Nigeria?
Finding the cheapest way to send money from Malaysia to Nigeria may not be easy, especially with so many choices available.It may be tempting to use traditional services like currency exchanges in malls or grocery outlets. Whilst you can certainly transfer money from MYR to NGN via these channels, they may not be the most economical.
Online money transfers are more cost effective, and RemitFinder provides you many good choices to get the best Malaysia to Nigeria exchange rate. Many of these providers also provide exclusive promo codes and offers to our customers; availing these will reduce the cost of your transfer further.
How to send money from Malaysia to Nigeria through a bank?
We do not recommend using your bank in Malaysia for your next MYR to NGN transfer. This is because banks are known to give you worse exchange rates and yet charge high fees (up to USD 35-50, or currency equivalent) - a double whammy that will make your transaction expensive.You will generally save more by relying on money transfer companies for sending NGN to Nigeria. These companies will let you use your local bank account in Malaysia to pay for your Nigeria money transfer, but will likely save you a lot of money with better rates and lower fees.
How to remit money to Nigeria from Malaysia fast?
The speed of your Malaysian Ringgit to Nigerian Naira funds transfer will depend on various factors - provider you use, how you fund your transaction and how you pay your recipient. Compare providers to find the best fit.Our comprehensive guide on remittances can help you understand important factors to convert from MYR to NGN. This will help you compare various money transfer companies to see which one can provide you with the fastest transaction.
For example, to send money fast to Nigeria from Malaysia, you could use cash as payment and delivery method. But you need to go to physical locations, and there is risk involved in carrying cash.
Another fast way is to send NGN into a mobile wallet, or do a mobile airtime top up. These methods are faster than Malaysia bank to Nigeria bank transfer.
Which are the best money transfer companies to send money to Nigeria from Malaysia?
Finding the best money transfer companies for sending money to Nigeria from Malaysia can be challenging, especially given the many choices.When comparing providers, inspect them on various parameters to gauge the best fit for sending to Nigeria. For example, how much do you want to send? Are you OK paying a fee for your Malaysian Ringgit to Nigerian Naira transfer? Can you send money using indicative rates? When you apply your criteria to the choices you see, you can fine tune the list to a small number.
Finally, keep an eye on promotions as they will help maximize your NGN yield on every Malaysian Ringgit that you send.
Step by step guide to do a money transfer from Malaysia to Nigeria
When sending money from Malaysia to Nigeria, it may be difficult to find the best company to move your money abroad. With many choices available to remit from Malaysia to Nigeria, you may feel overwhelmed.This is where RemitFinder comes in; we help you search and compare money transfer companies.
Once you find a suitable provider, follow the below steps to send money.
- Provide your name, address and other information as part of the signup process. Providing this information ensures safety and compliance
- Provide information about the receiver - name, address and a bank account in Nigeria where they can receive money in Nigerian Naira.
- Add your Malaysia bank account so you fund your transfer.
- 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.