MYR to PHP today: Malaysian ringgit to Philippine peso
1 Malaysian ringgit = ₱15.4532, and ₱1,000 buys 64.71 MYR. On a typical 610 MYR transfer from Malaysia (₱9,426 today), the cheapest firm in the World Bank's Q3 2025 survey keeps ₱119.72 and the dearest ₱887.97. Against 16 Oct 2025, when it was ₱13.7305, 1,000 MYR brings ₱1,722.68 more (1,000 × ₱1.7227). Next: pick a firm from the cost table, then collect at a BSP-registered office near you (offices by province).
Rate: BSP Reference Exchange Rate Bulletin, 16 Oct 2026. Working: US$0.2451 per MYR × ₱63.0490 per US$ = ₱15.4532.
1 MYR = ₱15.4532 · ₱1 = 0.0647 MYR · official rate (BSP bulletin), 16 Oct 2026
The converter applies the 16 Oct 2026 rate with no fee or spread. Cross-check: the ECB euro reference rates of 16 Oct 2026 give ₱15.4277 per MYR (₱70.8580 per euro ÷ 4.5929 MYR per euro), 0.16% below the BSP figure. The ECB fixes around 14:10 CET, while BSP uses New York closes of 15 Oct 2026, so the two are taken at different times. Changing pesos into ringgit instead? PHP to MYR has bank selling rates.
What sending MYR to the Philippines costs
World Bank Q3 2025 survey, Malaysia: 20 firms priced a 610 MYR transfer (about US$200, ₱9,426 today) at 1.27% to 9.42% of the amount, fee and rate margin together, 3.92% on average. The gap between the two ends is ₱768.26 per transfer (8.15% × ₱9,426.44).
| Firm | Paid out as | Speed | Fee (MYR) | Rate margin | Total cost | Pesos lost | Cost on US$500 |
|---|---|---|---|---|---|---|---|
| WorldRemitMoney Transfer Operator | Mobile wallet | Less than one hour | 5.00 | 0.45% | 1.27% | ₱119.72 | 0.78% |
| Western UnionMoney Transfer Operator | Cash | Less than one hour | 5.00 | 0.72% | 1.54% | ₱145.17 | 1.37% |
| WiseMoney Transfer Operator | Bank account | Less than one hour | 9.72 | 0.00% | 1.59% | ₱149.88 | 1.16% |
| E-remitMoney Transfer Operator | Bank account | Next day | 10.00 | -0.04% | 1.60% | ₱150.82 | 0.74% |
| Merchantrade Money TransferMoney Transfer Operator | Cash | Less than one hour | 10.00 | 0.12% | 1.76% | ₱165.91 | 0.90% |
| CBL Money TransferMoney Transfer Operator | Cash | Less than one hour | 12.00 | 0.26% | 2.23% | ₱210.21 | 1.11% |
| RiaMoney Transfer Operator | Mobile wallet | Less than one hour | 15.00 | 0.01% | 2.47% | ₱232.83 | 0.99% |
| ValyouMoney Transfer Operator | Cash | Less than one hour | 15.00 | 0.05% | 2.51% | ₱236.60 | 1.03% |
| MoneyGramMoney Transfer Operator | Cash | Less than one hour | 15.00 | 0.23% | 2.69% | ₱253.57 | 1.21% |
| IME (International Money Express)Money Transfer Operator | Cash | Less than one hour | 15.00 | 0.29% | 2.75% | ₱259.23 | 1.27% |
| MoneyMatch TransferMoney Transfer Operator | Bank account | 2 days | 8.00 | 1.61% | 2.92% | ₱275.25 | 2.13% |
| GPL RemittanceMoney Transfer Operator | Cash | Same day | 8.00 | 1.91% | 3.22% | ₱303.53 | 2.43% |
| EZ MoneyMoney Transfer Operator | Cash | Less than one hour | 15.00 | 2.05% | 4.51% | ₱425.13 | 3.03% |
| MaybankBank | Bank account | 2 days | 10.00 | 2.94% | 4.58% | ₱431.73 | 3.59% |
| Akbar Money ChangerMoney Transfer Operator | Cash | Less than one hour | 10.00 | 3.74% | 5.38% | ₱507.14 | 4.39% |
| CIMB Group (Cash Laju)Bank | Bank account | 2 days | 10.00 | 4.47% | 6.11% | ₱575.96 | 5.24% |
| Al-Rajhi BankBank | Bank account | 3-5 days | 30.00 | 2.50% | 7.42% | ₱699.44 | 4.46% |
| United Overseas BankBank | Bank account | 3-5 days | 25.00 | 3.73% | 7.83% | ₱738.09 | 5.36% |
| HLB (Hong Leong Bank)Bank | Bank account | 2 days | 30.00 | 3.75% | 8.67% | ₱817.27 | 5.71% |
| RHB BankBank | Bank account | 2 days | 25.00 | 5.32% | 9.42% | ₱887.97 | 6.95% |
Malaysia to the Philippines, 610 MYR, surveyed 18 Aug 2025 to 4 Sep 2025. Cheapest product per firm.
Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org (CC BY 4.0). Pesos lost = total cost × the amount in pesos at today's rate. A negative cost means the firm paid out more than the market rate on the survey day.
Check a quote against the official rate
Type the MYR amount and the pesos your app or counter promises; the checker shows what the rate and fee cost you in pesos. If the gap is wide, try another firm before you send. The Q3 2025 survey average above, 3.92%, is a fair yardstick.
- What this transfer costs you against the official rate
- ₱115.90 (1.50%)
- At the official rate
- ₱7,726.59
- Provider's effective rate
- ₱15.2214
Rate used: 1 MYR = ₱15.4532, 16 Oct 2026. Cost = value at that rate minus the pesos that arrive, plus the fee converted at the same rate.
MYR to PHP over 30, 90 and 365 days
| Period to 16 Oct 2026 | High | Low | Average | Change |
|---|---|---|---|---|
| 30 days 23 rates | ₱15.453216 Oct 2026 | ₱15.319629 Sep 2026 | ₱15.3704 | +0.38%from ₱15.3950 |
| 90 days 64 rates | ₱15.50408 Sep 2026 | ₱14.85247 Aug 2026 | ₱15.2481 | +2.03%from ₱15.1459 |
| 365 days 245 rates | ₱15.658814 May 2026 | ₱13.730516 Oct 2025 | ₱14.9409 | +12.55%from ₱13.7305 |
Pesos per 1 MYR. Change = (today − start of period) ÷ start of period. One value per BSP banking day from the BSP daily peso cross-rate series and bulletins.
MYR and PHP amounts, both ways
MYR to PHP
| 1 MYR | ₱15.4532 |
|---|---|
| 5 MYR | ₱77.27 |
| 10 MYR | ₱154.53 |
| 50 MYR | ₱772.66 |
| 100 MYR | ₱1,545.32 |
| 500 MYR | ₱7,726.59 |
| 1,000 MYR | ₱15,453.18 |
| 5,000 MYR | ₱77,265.92 |
Each row: amount × ₱15.4532, the 16 Oct 2026 rate, before fees.
PHP to MYR
| ₱100 | 6.47 MYR |
|---|---|
| ₱500 | 32.36 MYR |
| ₱1,000 | 64.71 MYR |
| ₱5,000 | 323.56 MYR |
| ₱10,000 | 647.12 MYR |
| ₱50,000 | 3,235.58 MYR |
Each row: pesos ÷ ₱15.4532, before fees. Sending one of these amounts? Test the pesos promised in the quote checker.
Receiving MYR transfers in the Philippines
Cash remittances from Malaysia reached US$675 million in 2025 (BSP, preliminary), and the DMW deployed 35,052 Filipino workers there that year (DMW 2025 deployment).
The 20 surveyed firms offer 37 ways to send on this corridor: 18 pay out into a bank account, 16 pay out as cash for pickup, 3 pay out to a mobile wallet; 20 arrive in less than an hour. Cash pickup works at BSP-registered remittance agents, pawnshops and banks; a bank or e-wallet credit saves the trip.
Neither BPI nor Metrobank posts a board rate for Malaysian ringgit notes, so ask the sender to have the money paid out in pesos rather than carry the cash home. Find a registered office near you on the remittance centres by province page, compare e-wallet cash-in and cash-out fees, and check the InstaPay and PESONet fee before moving the pesos to your bank.
How Philippine tax treats MYR you receive
- Money family abroad sends you is not part of your gross income: gifts are excluded under NIRC Sec. 32(B)(3), and an OFW's pay earned abroad is not taxed here under Sec. 23(C). Money paid to you for work is income in any currency. More: are remittances taxable?
- OFW remittances are exempt from documentary stamp tax when the recipient shows the OFW's OEC or OWWA certificate (RA 8042 Sec. 35 as amended by RA 10022). More: documentary stamp tax.
- Kept in a foreign currency deposit, the interest of a resident is taxed at a 20% final tax since 1 July 2025 (RA 12214, CMEPA). More: final tax.
- A business converts MYR amounts at the BSP rate on the transaction day, is taxed on forex gains only when realized, and loses other rates in an audit unless it filed the sworn statement (BIR RMC 12-2024). More: income tax.
MYR to PHP questions
How much is 2,000 MYR in Philippine pesos?
2,000 × ₱15.4532 = ₱30,906.37 at the 16 Oct 2026 rate, and 10,000 MYR is ₱154,531.84. What arrives is lower by the provider's fee and rate margin.
What is the highest MYR to PHP rate?
In the three years to 16 Oct 2026 the highest daily value was ₱15.6588 on 14 May 2026 and the lowest ₱11.6866 on 22 Feb 2024. By monthly average, the highest since January 1978 was ₱15.5639 in May 2026. Source: BSP daily peso cross rates.
Will the Malaysian ringgit go up against the peso?
Nobody can know that in advance. It moves with interest-rate decisions of the BSP and the central bank of Malaysia, trade and remittance flows, and global risk appetite. Over the last year it ranged from ₱13.7305 (16 Oct 2025) to ₱15.6588 (14 May 2026).
Why does my bank or app give less than ₱15.4532?
This is a reference rate with no spread; anyone buying ringgit from you pays less and may add a fee. Neither BPI nor Metrobank posts a board rate for the Malaysian ringgit (boards as of 16 Oct 2026, 4:26 PM and 16 Oct 2026, 9:33 AM), so ask the sender to have the money paid out in pesos and compare the pesos that arrive.
Which rate applies on a weekend or holiday?
The Friday 16 Oct 2026 bulletin, generated by the BSP at 08:38 AM, stays the reference until the next one, Monday 19 Oct 2026 at the earliest (later if that is a holiday). Banks and apps keep setting their own rates in between. Source: BSP exchange rate page.
Does the sender owe tax on a large gift from Malaysia?
Possibly. Donor's tax is 6% of a donor's total gifts above ₱250,000 in a calendar year (NIRC Sec. 99 as amended by RA 10963), and the sender owes it, not the recipient. At the 16 Oct 2026 rate, ₱250,000 is 16,177.90 MYR. Source: RA 10963 (TRAIN), Sec. 99.