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

Compare today's NGN to MYR (Nigerian Naira to Malaysian Ringgit) exchange rates

Nigeria
Malaysia
NGN
Interbank Exchange Rate: 1 NGN = 0.0029 MYR
Updated about 1 hours ago

Found 1 Remittance Service Providers

verto
Read more about Verto
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 NGN =
2.90 MYR
Transfer Limit (NGN): No Limits
Indicative Rate1 NGN = 0.0029 MYR

📢 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 Nigerian Naira to Malaysian Ringgit money transfers

Easily compare money transfer providers in one place to send money from Nigeria to Malaysia. Send money overseas to your loved ones by comparing Nigerian Naira (NGN) to Malaysian Ringgit (MYR) 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 Malaysia from Nigeria, we currently have 1 remittance service providers available.

Verto currently offers the most competitive rate for sending money to Malaysia and their 1 NGN to MYR exchange rate today is 0.0029.

Were you looking to send money from Malaysia to Nigeria 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 NGN to MYR Conversion Rates

Here are some latest NGN to MYR (Nigerian Naira to Malaysian Ringgit) exchange rates for popular conversion amounts*.

1 NGN0.00 MYR
5 NGN0.01 MYR
10 NGN0.03 MYR
25 NGN0.07 MYR
50 NGN0.15 MYR
100 NGN0.29 MYR
150 NGN0.43 MYR
200 NGN0.58 MYR
250 NGN0.73 MYR
300 NGN0.87 MYR
400 NGN1.16 MYR
500 NGN1.45 MYR
600 NGN1.74 MYR
700 NGN2.03 MYR
800 NGN2.32 MYR
1,000 NGN2.90 MYR
1,500 NGN4.35 MYR
2,000 NGN5.80 MYR
2,500 NGN7.25 MYR
3,000 NGN8.70 MYR
4,000 NGN11.60 MYR
5,000 NGN14.50 MYR
10,000 NGN29.00 MYR
15,000 NGN43.50 MYR
20,000 NGN58.00 MYR
30,000 NGN87.00 MYR
40,000 NGN116.00 MYR
50,000 NGN145.00 MYR
100,000 NGN290.00 MYR

*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 Nigeria to Malaysia?

With the global remittance market booming, there are so many choices for Nigerian Naira to MYR 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 Malaysia from Nigeria. 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 MYR 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 Nigeria to Malaysia?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your NGN to Malaysian Ringgit money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Nigeria to Malaysia. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for NGN to MYR remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


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

When you want to send money to Malaysia from Nigeria, you obviously want the cheapest possible option to maximize the money your recipient gets in Malaysian Ringgit. Transaction speed, security and privacy concerns notwithstanding, your biggest lever to make the most of your hard earned money is relying on the cheapest ways to do your NGN to MYR money transfers.

Some of the traditional ways to send money may not be the cheapest options available. For example, a particular company may seem like a convenient way to do international funds transfers from Nigeria to Malaysia. But it is entirely possible that you may end up paying high fees as well as get sub optimal exchange rate on your foreign currency transaction.

That is why it is very useful to rely on the RemitFinder remittance comparison platform to see what are the cheapest money transfer options for getting the best Nigeria to Malaysia exchange rate. You also get access to many promotions and discounts from our partners; these offers help to reduce your cost and may be a major differentiator in helping you choose the most cost effective way to send Malaysian Ringgit overseas.


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

There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low NGN to MYR exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.

Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Nigeria to Malaysia money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.

Most of the remittance companies today offer bank to bank transfers for sending money to Malaysia from Nigeria. They do this by letting you fund your transaction through your local bank account in Nigeria, and by allowing you to choose the payout to be your recipient's bank account in Malaysia. But, you are likely to get much better rates and lower fees compared to your bank.


How to send money to Malaysia from Nigeria fast?

It could be a stressful experience if you need to rush money quickly from Nigeria to Malaysia. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert NGN to MYR. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in Malaysian Ringgit. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Nigeria to Malaysia money transfers.


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

Since the Nigerian Naira to Malaysian Ringgit 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 Nigeria that may also be able to send money to Malaysia. 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 NGN to MYR money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Malaysia gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Nigeria to Malaysia transaction.


Step by step guide to send money from Nigeria to Malaysia

The first step to send money to Malaysia from Nigeria 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 NGN to MYR 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 Malaysia if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Nigeria bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Malaysia!

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 Nigeria to Malaysia.