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.
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Great experience and communication all…
Great experience and communication all round!Darren Rowlands
Quick, efficient and friendly service - and no fees.Dawn Constance Casey
Easy process!Teresa Margaret Heathcote
Quick turnaround when ordered on line. Easy to use login and tracking of funds. My go to for overseas money.Tess
Easy to access money via the website
Easy to access money via the websitedavid ristevski
Good rate. Smart service.Sajib Kumar Saha
The lady at the Robina booth took the…excellent service
The lady at the Robina booth took the time to inform and show the person in front of me about her travel card. When she served me she apologised for the wait and attended to my enquiry quickly and efficiently.Bianca Williams
Great service and pick up in Belmont…
Great service and pick up in Belmont was good location Geelong TravelLaurie Hill
Simple easy process.
Simple easy process.JENNIFER GAY WYLD
Always reliable and reasonable rate.
Always reliable and reasonable rate.Heather Downsborough
Excellent Service , quick convienint collection, very happy. always use TravelexDarryl Brian Agnew
Very quick and efficient ordering and…
Very quick and efficient ordering and collecting process.Ian
Easy to order and easy to collect
Easy to order and easy to collect. Good ratesJenny McRae
Great customer service and advice
Great customer service and advice, it was a very easy way to organise my money for my upcoming trip to Russia.Cassandra Vizintin
*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.
^^Based on mid-market and Travelex Online AUD to FX exchange rates as of the date of the relevant social media post and/or email communication. Rates are subject to change throughout the day. Any rates and savings are quoted as a guide only.
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.