Malaysians may lose RM3bil yearly in hidden forex fees

Malaysians lost around RM2.99bil (US$655mil) to hidden forex fees in 2023.

PETALING JAYA: Malaysians could lose up to RM3.3bil annually by 2029 if foreign exchange (forex) hidden fees are left unchecked, according to new research commissioned by Wise.

Wise is a global technology company involved in money transfers.