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The Low Down on Malaysian Currency

Currency:

Malaysian ringgit
Currency code:

MYR
Central Bank:

Bank Negara Malaysia
Currency symbol:

RM (ringgit)
Currency sub unit:

sen
Bank notes:

RM1, RM5, RM10, RM20, RM50, RM100
Coins:

1 sen, 5 sen, 10 sen, 20 sen, 50 sen



The official currency of Malaysia is the ringgit and is abbreviated to the currency code RM or MYR. Each ringgit is divided into 100 sen and is issued by the Bank Negara Malaysia.



Translated from Malay, ringgit is the - now obsolete - term for ‘jagged’; named as such due to the serrated edges of silver Spanish dollar coins used during the Portuguese colonial era.



The ringgit was introduced in 1993 to replace the Malaysian dollar, which was used from 1967.



The most commonly used bills for Malaysian ringgit are the 1, 5, 10, 20, 50 and 100 notes.



What to spend your ringgit on:

  • *

    Meal for 2

    50 MYR *

  • *

    Cappuccino

    9.82 MYR *

  • *

    Local bus ticket

    3 MYR *

  • *

    Admission to the Petronas Towers

    80 MYR *

  • *

    A summer dress

    115 MYR *

How many Malaysian ringgit will I need?**

Please select your budget above.

- +
* * * * * *
- +
* * * * * *

Total spending money needed:

  • *A budget
  • *for people for
  • * nights

*Recalculate

Must-See places in Malayasia

*
  • Sarawak
  • Sarawak is Malaysia’s largest state and sits on the north-western coastline of Borneo. A nature-lovers dream, Sarawak is home to a multitude of national parks covered by thick jungle, exotic wildlife and winding rivers.
*
  • Malacca
  • Rich in history, Malacca is a cultural mecca visible via the imprints of British, Dutch and Portuguese influences. Unique architecture, ancient landmarks and a charming old town will entice your curiosity.
*
  • Penang
  • Known as the food capital of Malaysia, Penang is rich in cultural sights, natural scenery, sandy beaches and the only spice garden in South East Asia.

Buying Malaysian Ringgit Online is Easy

Simply order your Malaysian Ringgit online to lock in the rate, then choose to collect at your local store, at the airport before you fly, or get it delivered to your home!

  • 1. Click the ‘Buy ringgit Now’ button below

  • And tell us how much you need for your trip.

  • 2. Choose how to get it

  • Get your currency home-delivered or choose to collect at more than 3,600 pick up locations.

  • 3. Pay online

  • Simply pay using either your debit card (recommended) or credit card and you’re all set!

Prefer to Buy in Store?

Prefer to Buy in Store?

If buying online is not your thing, visit your nearest Travelex store around and one of our friendly sales consultants will help you organise your real for your trip to Malaysia.

Find a Store

Travelling to Malaysia in the Future?

Travelling to Malaysia in the Future?

Track Rates and get notified when the Malaysian Ringgit matches your ideal rate so you can decide if it’s a good time to buy!

Track Rates

Malaysia Travel Guide

Malaysia Travel Guide

Before you head off, check out our Malaysia Travel Guide which includes some not –to- miss highlights when you visit Malaysia!

Explore

FAQ Relating to Malaysian Currency

Back to top
  • Why are there two currency codes for Malaysian ringgit?

    The international currency code for Malaysian ringgit is MYR. However historically the Singapore and Brunei dollars were also referred to as ‘ringgit’. In order to differentiate the Malaysian ringgit from the other two, the currency can also be referred to as Ringgit Malaysia, which is then abbreviated to RM.

  • Can you use US dollars in Malaysia?

    Certain larger businesses such as hotels may take US dollars as a form of payment. You can also take US dollars to Malaysia and exchange these into Malaysian ringgit once you get there.

  • Can I use Malaysian ringgit in Borneo?

    If visiting Borneo you can use Malaysian ringgit, Brunei dollars or Indonesian rupiah. If visiting the Malaysian region of Borneo (the island is politically divided among Malaysia, Indonesia and Brunei), it will be more likely that Malaysian ringgit would be accepted as a form of currency.

Read your reviews on trustpilot

So easy to order online & fast emails…

So easy to order online & fast emails kept us in the know. Staff we’re friendly & easy to deal with outgoing & returning. Would recommend & use again.

Alyssa

Efficient process.

Efficient process.

Sharon

Easy to use webpage and simple payment…

Easy to use webpage and simple payment with no fees! Delivered to my local post office. Better exchange rate than in store.

Norma

Great service

Great service. Easy delivery

Lyn

Easy transaction

Easy transaction

Robyn Gaskell

Great service!

Great service!

Wayne

Everything happened exactly as…

Everything happened exactly as advertised.

Pamela Kerryn Oliver

Good exchange rates - Easy online transaction.

Good exchange rates, easy online transaction and easy pick up at the local Post Office. The best way to buy foreign cash.

Phil

Exchange rate is a bit better than the…

Exchange rate is a bit better than the banks but not brilliant.

jeffrey thompson

Convenient

The website was easy to use and the money was ready to pick up as advised.

Paris

Easy- Easy , Simple , NO Fuss

Easy , Simple , NO Fuss - Rate is what it is and running around sent to my post office - picked up , hassle free --- Head to the city by the time one pays for parking and finally finds where the sharks office is in brisbane , Why bother use your head PPL . Thanks again T-rex . :)

DaWormOz55

Easy transaction good communication

Easy transaction good communication. Have used this company many times

Kerri Patricia Sammut

Very efficient

Very efficient

Ian Edward Adam Clark

Easy to use system better than my bank

Easy to use inclusive quote far ahead of trying to get the numbers from Commbank!!! Fair/good conversion rate. Good range of currency denominations. Easy to collect at PO. Better deal than shopping mall f/e.

John Graves

Efficient and timely service

Efficient and timely service

ANDREW CHARLES DAVIDSON

Travelex is rated 4 stars by Trustpilot based on over 8129 reviews

*Rates are subject to change throughout the day. In-store rates vary compared to online.

**The figures provided are indicative only and are there to provide an idea of the amount of travel money you may need during your trip.

Travelex Limited (ABN 36 004 179 953, AFSL Number 222444) arranges for and sells Online Foreign Currency via its Online Ordering Facility. You should consider the Online Foreign Currency Product Disclosure Statement and Terms and Conditions before deciding whether to acquire the product.

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Tel.: 1800 637 642
Email: RetailCSC@travelex.com.au
Level 28
20 Bond Street
Sydney, NSW 2000

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