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
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 servicePhillips
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 servicerichard 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 officeSara
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 wellSteven 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 OfficeJulie Cherie Yusop
Reliable prompt convenient service
Reliable prompt convenient serviceamk
Really smooth transaction totally…
Really smooth transaction totally recommend Travelex AustraliaVivian Dale Farrell
Exchange rates could be better.
Exchange rates could be better.Peter K
*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.