Mid-Market Exchange Rate from
Malaysia to
Nigeria
Send MYR to NGN – Best Money Exchange Rates Today
MYR to NGN : exchange rates today
- 1 MYR 347.26 NGN
- 5 MYR 1,736.29 NGN
- 10 MYR 3,472.59 NGN
- 25 MYR 8,681.46 NGN
- 50 MYR 17,362.93 NGN
- 100 MYR 34,725.85 NGN
- 500 MYR 173,629.25 NGN
- 1,000 MYR 347,258.50 NGN
- 5,000 MYR 1,736,292.50 NGN
- 10,000 MYR 3,472,585.00 NGN
- 50,000 MYR 17,362,925.00 NGN
NGN to MYR : exchange rates today
- 1 NGN 0.00 MYR
- 5 NGN 0.01 MYR
- 10 NGN 0.03 MYR
- 25 NGN 0.07 MYR
- 50 NGN 0.14 MYR
- 100 NGN 0.29 MYR
- 500 NGN 1.44 MYR
- 1,000 NGN 2.88 MYR
- 5,000 NGN 14.40 MYR
- 10,000 NGN 28.80 MYR
- 50,000 NGN 143.98 MYR
Malaysian ringgit (MYR) – Overview & Exchange Rate Trends
- Symbol RM
- Minor Unit 1/100 pence
- Countries Malaysia
- Central Bank Bank Negara Malaysia
- Rank 39
Nigerian naira (NGN) – Key Facts & MYR to NGN Rate Performance
- Symbol ₦
- Minor Unit 1/100 pence
- Countries Nigeria
- Central Bank Central Bank of Nigeria
- Rank 52
How to Convert MYR to NGN
1. Check real-time exchange rates above
We track the mid-market MYR/NGN rate and display what each provider offers — including total payout in yuan, transfer speed, and any fees applied when sending money from Malaysia to Nigeria
2. Evaluate providers by cost and speed
Some remittance services offer faster delivery into Nigeria, while others maximise the amount received. Depending on your needs, you can prioritise either lower fees or faster settlement — all clearly listed.
3. Click ‘Send Money’ to complete your transfer
Once you’ve chosen the best offer, click Send Money to continue securely with the provider. Whether you’re funding the transfer via bank deposit, mobile wallet, or card, you’ll complete the transaction directly on their platform.
Following these steps lets you evaluate multiple options at once, ensuring you get the best possible deal when converting MYR to NGN.
Compare MYR–NGN exchange rates and fees
- Offers real-time exchange rates sourced from Reuters, ensuring fairness.
- Supports payments to over 160 countries.
- Allows transfers starting at £1, ideal for small amounts.
- Most transactions are completed on the same day.
- Zero fees and favourable FX rates on the first transfer (£100–£2,999) for Personal users.
- Partnerships with tier-1 banks and adherence to international standards.
- No additional fees for cross-currency transfers via the business account.
- No hidden charges, and fees are displayed upfront.
- Pay up to 1,000 employees or multiple suppliers in local currencies simultaneously.
- Cheaper than traditional banks for international transfers.
- Quick transfer to Visa debit cards for urgent needs.
- User-friendly app available on iOS and Android for seamless money transfers
- Earn and redeem InstaPoints for discounts on future transfers.
- Cash pickup is only available in the Philippines
- InstaPoints can only be redeemed for transfers above £500.
- Nominal fees are charged for same-currency transactions.
- Fees for cross-currency transfers depend on the partner bank.
Instarem is a fintech company founded in 2014, focused on making international money transfers simple and efficient for both individuals and businesses. Operating in over 60 countries, it offers a user-friendly platform with competitive exchange rates and low fees. As part of Nium Pte. Ltd., Instarem is regulated globally, ensuring secure and reliable financial services for its customers.
- Sending money to 40 currencies and 200 countries.
- Transparent fees and no hidden charges
- Uses real mid-market rates, ensuring fairness and avoiding markups.
- Offers same-day or even instant transfers on many routes, with updates and tracking available.
- Multiple payment methods (e.g., debit/credit cards, bank transfers, mobile wallets)
- Send up to £1 million per transaction depending on payment method.
- Guaranteed Rates locks in exchange rates for a set time to protect against currency fluctuations
- Features like 2-factor authentication and funds stored with established financial institutions for added safety.
- Manage transfers, check exchange rates, and repeat transactions easily from one platform.
- Seamlessly connects with accounting platforms like Xero, QuickBooks, and Shopify for easier financial management.
- Streamline recurring payments and manage expenses all from one account
- Receive email notifications when exchange rates are favourable
- Transfers involving less commonly used currencies or bank transfers can take up to 3 working days.
- Dynamic fees may apply for certain currencies or during volatile market conditions.
- Wise does not accept cash or cheque payments, limiting accessibility for some users.
- Rates are only guaranteed for a limited time, requiring prompt payments
- Certain specialised transaction types, like For Further Credit (FFC) payments, are not supported.
Wise, formerly TransferWise, makes international money transfers simple and affordable for individuals and businesses. Operating in over 160 countries with support for 40+ currencies, it offers competitive exchange rates and low, transparent fees. Most transfers arrive within one day, and some even instantly, through a secure and user-friendly platform. Regulated by the FCA in the UK, Wise ensures safe and reliable transactions.
Set Up an Alert
We’ll keep you informed of changes in exchange rates, to make sure you get the best deal.
1,000
MYR
NGN
By signing up, you accept Currency Expert’s Privacy Policy and allow us to send you email alerts, occasional money transfer tips, advice and marketing emails. You can unsubscribe at any time. Privacy Policy
MYR to NGN Currency Exchange FAQs
Exchange rates can fluctuate throughout the day. With Currency Expert, you can assess multiple providers to see who offers the most favorable MYR to NGN rate. Just input your transfer amount, and we’ll display each provider’s current rate and estimated fees—helping you find the best deal for sending money to Nigeria or converting MYR to NGN.
Since Currency Expert is a specialist currency platform, we show each provider’s exchange rate, transfer fee, and any additional costs in one place. Keep in mind:
- Provider Service Fees: Base charges vary by company.
- Weekend/Off-Hours Surcharges: Some providers adjust rates or charge extra on weekends.
- Payment Method Fees: Credit/debit card payments can be faster but might come with higher charges.
Cheapest isn’t always best—paying a little more may offer faster transfers, better support, or additional features. Check all details before selecting your provider.
- Go to Our Real-Time Rates Tool: Choose MYR as the starting currency and NGN (or the currency of Nigeria) for conversion.
- Enter Your Transfer Amount: Our tool calculates each provider’s rate, speed, and total costs.
- Review Providers: Evaluate fees, exchange rates, transfer times, and features.
- Choose a Provider: Click “Go to site” or “Get started” to head over to your selected provider’s platform.
- Complete the Exchange: Finalise your transaction on the provider’s secure site or app.
While Currency Expert doesn’t impose its own limits, each provider might have:
- Minimum and Maximum Transfer Amounts: Some set lower and upper limits.
- Monthly/Yearly Limits: Based on verification levels (KYC) and provider policies.
- Human Assistance for Large Transfers: Even when no strict transfer limit exists, larger amounts often get extra help. For example, services like TorFX assign you a dedicated Account Manager who can offer tailored guidance and help you wait for the best exchange rate timing.
If you’re transferring a substantial amount and want more control (e.g., the optimal moment of the day/week for favourable rates), an account manager can provide personal assistance beyond what a simple online form offers.
We only list verified and regulated providers. To protect you:
- Transparent Assessments: You see fees and exchange rates clearly before choosing.
- Up-to-date Data: Our listings update frequently to reflect the latest market changes.
- Reputable Companies: Each partner is regulated by the relevant financial authorities.
When you leave Currency Expert, you’ll finalise the transaction on the provider’s secure website or app. Contact them immediately if you suspect any fraudulent activity.
Some providers offer rate locks or forward contracts, letting you secure a rate for future use. Others rely on real-time market pricing. Look for “Rate Guarantee” or “Forward Contract” options in our tool if locking in a rate is important for your transfer.
Transfer speed can vary based on:
- Method: Bank transfer, card payment, or mobile wallet.
- Cut-Off Times: Transactions initiated on weekends or late evenings might be slower.
- Verification Requirements: First-time customers may undergo extra checks.
Our real-time Rates tool displays estimated delivery times, so you can pick the swiftest option if speed is your priority.
We refresh exchange rates in real-time or at frequent intervals. If you see a sudden change, it’s typically due to market movement. Always verify the final rate on the provider’s checkout page before finalising.