Compare today's MYR to VEF (Malaysian Ringgit to Venezuelan Bolivar) exchange rates
Interbank Exchange Rate: 1 MYR = 15,284,596.3510 VEF
Updated over 24 hours ago
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All you need to know about Malaysian Ringgit to Venezuelan Bolivar money transfers
Easily compare money transfer providers in one place to send money from Malaysia to Venezuela. Send money overseas to your loved ones by comparing Malaysian Ringgit (MYR) to Venezuelan Bolivar (VEF) 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.
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Latest MYR to VEF Conversion Rates
Here are some latest MYR to VEF (Malaysian Ringgit to Venezuelan Bolivar) exchange rates for popular conversion amounts*.
| 1 MYR | 15,284,596.35 VEF |
| 5 MYR | 76,422,981.76 VEF |
| 10 MYR | 152,845,963.51 VEF |
| 25 MYR | 382,114,908.78 VEF |
| 50 MYR | 764,229,817.55 VEF |
| 100 MYR | 1,528,459,635.10 VEF |
| 150 MYR | 2,292,689,452.65 VEF |
| 200 MYR | 3,056,919,270.20 VEF |
| 250 MYR | 3,821,149,087.75 VEF |
| 300 MYR | 4,585,378,905.30 VEF |
| 400 MYR | 6,113,838,540.40 VEF |
| 500 MYR | 7,642,298,175.50 VEF |
| 600 MYR | 9,170,757,810.60 VEF |
| 700 MYR | 10,699,217,445.70 VEF |
| 800 MYR | 12,227,677,080.80 VEF |
| 1,000 MYR | 15,284,596,351.00 VEF |
| 1,500 MYR | 22,926,894,526.50 VEF |
| 2,000 MYR | 30,569,192,702.00 VEF |
| 2,500 MYR | 38,211,490,877.50 VEF |
| 3,000 MYR | 45,853,789,053.00 VEF |
| 4,000 MYR | 61,138,385,404.00 VEF |
| 5,000 MYR | 76,422,981,755.00 VEF |
| 10,000 MYR | 152,845,963,510.00 VEF |
| 15,000 MYR | 229,268,945,265.00 VEF |
| 20,000 MYR | 305,691,927,020.00 VEF |
| 30,000 MYR | 458,537,890,530.00 VEF |
| 40,000 MYR | 611,383,854,040.00 VEF |
| 50,000 MYR | 764,229,817,550.00 VEF |
| 100,000 MYR | 1,528,459,635,100.00 VEF |
*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 from Malaysia to Venezuela?
There are many good choices when it comes to sending money from Malaysia to Venezuela. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Malaysian Ringgit to VEF money transfers.We compare different remittance companies to bring you the best options to send money to Venezuela from Malaysia. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.
Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Malaysian Ringgit to Venezuelan Bolivar money transfers. You can take advantage of these deals and make the most of your hard earned money.
How to get the best rate to transfer money to Venezuela from Malaysia?
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 Venezuela 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 Venezuelan Bolivar 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 Venezuelan Bolivar 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 Venezuela from Malaysia?
The final amount your recipient gets when you send MYR to VEF is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.Before the dawn of the modern internet era, traditional methods to send money from Malaysia to Venezuela used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.
A great way to find the cheapest options to send Venezuelan Bolivar is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Malaysian Ringgit to Venezuela exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.
How to send money to Venezuela from Malaysia through a bank?
We do not recommend using your local bank in Malaysia for your next MYR to VEF 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 Venezuela (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 VEF to Venezuela. These companies will let you use your local bank account in Malaysia to pay for your Venezuela money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.
How to send money from Malaysia to Venezuela fast?
If you need to convert MYR to VEF 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 Venezuela 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 Venezuelan Bolivar 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 Venezuela.
With so many choices available, make sure to compare various forex operators that enable you to remit money from Malaysia to Venezuela. 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 Venezuela from Malaysia?
The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Malaysia to Venezuela, we can help you in choosing the best provider.There are several key points you would want to check for; these include, but are not limited to, the best Malaysian Ringgit to Venezuelan Bolivar exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.
After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your VEF money transfers to Venezuela. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.
Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Venezuela getting more money for every Malaysian Ringgit you send.
Step by step guide to send money from Malaysia to Venezuela
There are many important aspects of Malaysia to Venezuela remittances that will impact the yield you get. The most important one is the selection of the best money transfer company. For this, you can rely on RemitFinder's expertise in searching and comparing many global companies to present you many options in one simple, easy to understand view.Once you have honed down on the company you want to go with, the below step by step tutorial will help you execute your transfer in an effective manner.
- Step 1 - Create your account with the chosen remittance company. Please be aware that you will likely be asked for identification documents and personal information. This is an important step for the company to ensure that you are a genuine person and ensure you comply with various legal regulations like anti money laundering.
- Step 2 - Provision the manner in which you will fund your remittance transaction. The forex company may accept payment in multiple ways - Malaysia bank account, credit and debit cards, and sometimes even cash that you can pay with by walking into a branch or outlet.
- Step 3 - Similar to the previous step, also provision the manner in which the receiver will access the funds. The most common delivery methods include VEF bank deposit, cash pick up in a physical provider location or agent's office, mobile wallet credit and mobile airtime popup.
- Step 4 - Provision recipient details including name and address.
- Step 5 - Decide how much Malaysian Ringgit amount you want to send from Malaysia.
- Step 6 - Optionally, check if there are any deals or promotions going on. You can rely on RemitFinder to provide you this information. Discounts help you save even more, so be sure to use one if available.
- Step 7 - Validate all the information for accuracy and start your transaction.