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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 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

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


Very easy to order foreign cash

Very easy to order foreign cash. Convenient to be able to pick up from my local post office.

John

So easy to de with and great exchange …

So easy to de with and great exchange rates.

NOELENE KAY LAKE

No fuss

No fuss, easy ordering and timeframe for collection

John Green

Easy

Easy, fast, purchase of foreign currency, with convenient timely collection that suited me.

Stephen Godfrey

I don’t like the $10 charge to pick up…

I don’t like the $10 charge to pick up the cash at a Post Office! Otherwise I find Travelex easy & efficient

Ragn Hannah

Really impressed

Really impressed with the communication security and fast service. Great from start to finish

Ian Rigby

Excellent service and expeditious…

Excellent service and expeditious delivery. Highly recommend utilising on line service

Brooms Melbourne

Buying foreign exchange

Good service.

Jacqueline Yong

Very easy to order & collect

Very easy to order & collect

Rhonda Trevean

Excellent service

Excellent service. Travelex kept me informed by email the progress of my forex transaction. The service person at the Travelex counter where I collected the forex, was so efficient and helpful. She gave me the right denominations.

Sajjad Versi

Great service-Another great experience…

Great service-Another great experience from Travelex,very quick & easy to use

Deborah Barrett

A seemless process

A seemless process. Fast, efficient & professional.

Jason Robert Horn

Easy fast and efficient

Easy fast and efficient

Natasha Wilder

As a frequent traveler to multiple…

As a frequent traveler to multiple countries, I find this the easiest way to have local currency and the fact i can load it from my account in Australia almost immediately, makes it even more convenient.

Graeme Keddie

Overall Good

Great process and help line service was excellent, only criticism was unable to specify approximate mix of notes or change notes to get some low denomination notes at the Travelex pickup outlet.

Arthur Leslie McPhee

Travelex is rated 4 stars by Trustpilot based on over 8962 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.

^^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.