How much would you like?= MYR=1 AUD
The Low Down on Malaysian Currency
Bank Negara Malaysia
|Currency sub unit:||
RM1, RM5, RM10, RM20, RM50, RM100
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
Local bus ticket
Admission to the Petronas Towers
A summer dress
Must-See places in Malayasia
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!
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
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. Easy deliveryLyn
Easy transactionRobyn Gaskell
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
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 timesKerri Patricia Sammut
Very efficientIan 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 serviceANDREW CHARLES DAVIDSON
*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.