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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


Ease of ordering foreign currency…

Ease of ordering foreign currency online.

Andre Chevalier

Easy to order on line and pick up

Easy to order on line and pick up at the local post office. OK exchange rate, comparable to others. Have used before, and will again. Good service

Phillips

Hassle free with good exchange rate…

Hassle free with good exchange rate online. Plenty of nearby pick up places. I used my local post office.

Kenny B

good service

good service

richard brooks

Great assistence and fast work.

Great assistence and fast work.

Julio Oliveira dos Santos

Easy to use website

Easy to use website, good conversion, no hassel, convenient pickup at post office

Sara

Recommended

Good rate, communication was thorough and pick up seamless.

GG

Online ordering is great!

Having the ability to order the currency exchange online was very handy. I was able to schedule a convenient pick up time and the man that served me was very thorough. Thank you.

Marnie Crea

Travelex is the way to go!

Competitive prices, fast service, convenient pick up locations, highly recommended!

Matthew Parker

Easy to buy currency

Easy to buy currency. Was some contridiction im the amounts i could purchase in one day - different reponses in the faq sections - one said aggregate of 5k per day and the other said 10k. Also was no reference to the amount of transactions i could do in a 24hr period. I was purchasing currency on behalf of other but was unaware that only 2 transactions could be performed in a 24hrs period. So some notice of would be good as well

Steven John Whyburn

Card accepted at all ATMs and retailers used in UK and Europe

Travelex have been really supportive making online management of my card(s) easy. I can also transact face to face. Card did not fail any ATM or EFTPOS transaction in UK or Europe.

Janet Kaye

Really convenient with pick up at my…

Really convenient with pick up at my local Post Office

Julie Cherie Yusop

Reliable prompt convenient service

Reliable prompt convenient service

amk

Really smooth transaction totally…

Really smooth transaction totally recommend Travelex Australia

Vivian Dale Farrell

Exchange rates could be better.

Exchange rates could be better.

Peter K

Travelex is rated 4 stars by Trustpilot based on over 6750 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.