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
well organised and timely delivery of…
well organised and timely delivery of travel fundsJohn
Easy, reliable and good rateMF
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 friendsGregory Timothy Woon
Great and easy way to order and receive…
Great and easy way to order and receive moneyJoanne 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 havejacob 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 efficientRichard Lee
Simple quick easy to follow
Simple quick easy to followTammy
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 timeAndrew 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 easilylynette 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 gratefulBeverley Anne Murfin
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. ThanksVoyager
*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.