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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 ringgitts 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

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  • 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

Quick, efficient and friendly service - and no fees.

Dawn Constance Casey

Great service.

Great service.

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Easy process!

Easy process!

Teresa Margaret Heathcote

Reliable product

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 website

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Good rate

Good rate. Smart service.

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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.

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Great service and pick up in Belmont was good location Geelong Travel

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Simple easy process.

Simple easy process.

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Always reliable and reasonable rate.

Always reliable and reasonable rate.

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Excellent Service

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Very quick and efficient ordering and…

Very quick and efficient ordering and collecting process.

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Easy to order and easy to collect. Good rates

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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.

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*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.

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