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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.


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* * * * * *

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* * * * * *

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


well organised and timely delivery of…

well organised and timely delivery of travel funds

John

Easy

Easy, reliable and good rate

MF

The service was brilliant

The service was brilliant. They delivered on every aspect and it was easy and professional. My currency was delivered on time exactly as promised. The exchange rate is not brilliant. You can do better at most destinations. But if you want your currency in advance this is a great way to do it.

Peter

I’ve already recommended it to family…

I’ve already recommended it to family and friends

Gregory Timothy Woon

Great and easy way to order and receive…

Great and easy way to order and receive money

Joanne MacAllister

the staff at the brisbane airport

the staff at the brisbane airport, are the best ever, the are always helpful and happy to help with any enquires i have

jacob gerrad douglas foy

The process from ordering online to…

The process from ordering online to pickup was seamless. Simple instructions, great communication made this transaction a breeze. To top it off I got the best exchange rates going at that time. Will definitely be using Travelex again in future.

Stephen Godfrey

Easy fast and efficient

Easy fast and efficient

Richard Lee

Simple quick easy to follow

Simple quick easy to follow

Tammy

Easy process

Easy process, no delays and better than bank rates.

S.Amede

Good process and easy to follow…

Good process and easy to follow website. Money came by right on time

Andrew Thomas Hyder

Very easy to negotiate website and to…

Very easy to negotiate website and to order money, delivery time was given and pick all flowed easily

lynette ruth moroney

I was a little wary when I began

I was a little wary when I began Haven’t done it before but it was so easy and I picked money up from post office within 5 days Thank you very grateful

Beverley Anne Murfin

Excellent

Excellent, trouble free experience!

Linda Annette Samios

Service was great

Service was great, just wish it took a much shorter time to get currency sent out to Orange, NSW. Thanks

Voyager

Travelex is rated 4 stars by Trustpilot based on over 7233 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.