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Currency Exchange in Malaysia

Currency exchange in Malaysia happens mostly in banks and authorized money changers, although major hotels are also licenses to exchange currencies in the form of traveler’s cheques and notes. Expats, however, generally find it hard to change currencies outside major tourist spots. Most expatriate will check with its bank in home country to see if currency exchange is of interest or if a USD account will be needed at first.

Contact A Money Transfer Broker Today

Most of the foreign exchange brokers named on our comparison table will offer you rates that are far better than traditional banks.

As these specialists transfer thousands of Pounds, Euros and Dollars every day they can offer a better exchange rate while still making a very little margin for themselves.

This service will prove particularly important when you:
                  • Make regular payments (Mortgage, Pension, Salary…)
                  • Buy a property abroad
                  • Invest overseas
                  • Emigrate
                  • Transfer large amounts overseas…

Compare the foreign exchange companies and apply through the request form to get the best margins or rates.

* fields marked with this asterisk are mandatory

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  Margin Margin
description
FCA HM REV
& Customs
Fee Min Currencies Options

Halo Financial

Halo Financial
1% 0.2 – 1% (Depending on Volume) Yes Yes Free transfers for amounts over £10,000 £250 All Freely Tradable Currencies Bank to Bank Transfers, Cheques

Halo Financial provide both Corporate and Private Clients with information and guidance to help them save money on their currency requirement.

More info on Halo Financial in Malaysia >

Currency Index

Currency Index
0.60% 0.25% - 0.60% (Depending on volume) Yes Yes £7 or £12 - No fee above for transfers above £30,000 No minimum Wide range of major and exotic currencies Bank to Bank Transfers, Spot, Forward contract, Limit or Stop Loss Order

Currency Index is a specialist foreign exchange brokerage, providing fast and secure international transfers for individuals and businesses. Our service is second to none with excellent rates of exchange on a wide variety of currencies and our professional teams of brokers are here to provide guidance.

More info on Currency Index in Malaysia >

Moneycorp

Moneycorp
0.6% 0.25% - 1% (Depending on volume) Yes Yes £0 £1,000 or £250 Regular Payments 76 Currencies Bank to bank - one off or regular payments

Moneycorp specialises in foreign exchange and international payments and can help protect you from adverse currency fluctuations. They can also help you lock into favourable exchange rates, even if you don’t have all the funds available immediately.

More info on Moneycorp in Malaysia >

Ebury Partners

Ebury Partners
0.6% 0.1 to 0.6% depending on volume yes yes £10 on amounts below £5,000 £1,000 51 Accounts Spot, Forward

Ebury Partners is a currency exchange specialist offering the best rates possible - typically savings of up to 4% over what your bank will offer - along with personable, consultative client service. If you’re looking to move money abroad - be it a one-off or regular payment, to buy a home or even emigrate completely - Ebury Partners will save you money and make the entire process as quick and pleasant as possible.

More info on Ebury Partners in Malaysia >

Voltrex

Voltrex
1% 0.1% - 1% (Depending on volume) Yes No £0 £1,000 27 accounts Transfers from and to bank accounts

VFX handles currency conversion for private individuals and businesses, offering a reliable, guaranteed service with the best exchange rates.

More info on Voltrex in Malaysia >

TorFX

TorFX
0.70% 0.25% - 0.7% (Depending on volume) Yes Yes £0 on trades above £5,000 £250 40 accounts Spot Contract, Forward Contract, Limit Order, Stop loss Order

TorFX helps individuals and companies who need to make currency transfers, providing bank beating exchange rates, specialist advice and free international transfers as an alternative to using the major banks. 

More info on TorFX in Malaysia >

World First

World First
1% 0.25% - 1% (Depending on volume) Yes Yes £0 on trades above £5,000 £1,000 (£250 for regular payments) ALL currencies Bank to Bank transfer

World First is one of UK’s leading foreign exchange broker headquartered in London, with further offices in Australia and New Zealand. World First is a privately owned company with no debts or liabilities and a 2A1 Credit rating.

More info on World First in Malaysia >

Guides & Articles for Currency Exchange in Malaysia

Jobs in Malaysia

Maximum hours that an employee may render per week is 48, with a maximum of 6 days per week. Overtime pay is computed as normal hourly wage multiplied by 1.5.
  • Cost of Living in Malaysia

    Wednesday, 14 September 2011 As it is, Malaysia is one of the most affordable cities to live in and this is significantly attributed to the government's efforts to keep the Malaysian Ringgit competitive with other currencies in the world. Hence, citizens, migrants, tourists, or expats are always on the winning end.
  • Working in Malaysia

    Monday, 05 March 2012 Working and living in Malaysia may be rocky at the start, especially when securing employment, but Malaysia is truly is one of Asia's finest when it comes to job opportunities and great living conditions.
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Foreign currency and currency exchange are daily hassles for those living abroad, but with ExpatFinder you can send money through remittance companies and transfer money to your loved ones easily and quickly. Money transfer and foreign currency exchange has never been easier than with ExpatFinder. Learn all about international money transfers and compare to find the best currency exchange rates and more, all the while knowing you are saving money by using the best currency exchange companies with the best rates.

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