Where to exchange money in Gelugor
If you’re planning a trip to Gelugor, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Gelugor. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
Where to exchange money in Gelugor
If you’re planning a trip to Gelugor, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Gelugor. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
Spend abroad without hidden fees
Currency exchanges in Gelugor
If you’re still into the idea of carrying cash around and exchanging it, here are some popular foreign currency exchange locations in Gelugor.
One reminder, though: there’s no such thing as fee-free or 0% commission foreign exchange transactions. So, always check the mid-market exchange rate in advance, so you know how much your money’s worth.
| Money Changer | Address | Contact Information |
|---|---|---|
| Merchantrade | 10-G, Jalan Tun Dr Awang, Sungai Nibong Kecil, 11900 Bayan Lepas, Pulau Pinang, Malaysia | +60 4-641 0602 |
| Max Money - Bukit Jambul | 8D, Jalan Tun Dr Awang, Bukit Jambul, 11900 Bayan Lepas, Pulau Pinang, Malaysia | +60 4-638 3027 |
| HME Money Changer @ Prangin Mall | Lot G-11, Prangin Mall, 33, Jalan Dr Lim Chwee Leong, 10100 George Town, Penang, Malaysia | +60 11-1166 4786 |
| Placid Express Money Changer (Bukit Jambul) | No.3A-G-32 (Ground Floor, Kompleks Bukit Jambul, Jalan Rumbia, Kampung Seberang Paya, 11900 Bayan Lepas, Pulau Pinang, Malaysia | +60 4-637 0922 |
| Lotus Remit Komtar | A1-01, Komtar, Komtar, Jln Penang, George Town, 10000 George Town, Pulau Pinang, Malaysia | +60 4-226 6068 |
| Suria Muhabat Sdn Bhd Queensbay - Money Changing & Remittance | LG66, LG Floor, Queensbay Mall, 100, Persiaran Bayan Indah, 11900 Bayan Lepas, Pulau Pinang, Malaysia | +60 4-638 0057 |
| Suria Muhabat Sdn Bhd Gurney Plaza - Money Changing & Remittance | B1-40, Gurney Plaza, 170, Gurney Dr, Georgetown, 10250 George Town, Penang, Malaysia | +60 4-218 9257 |
| Cbl Money Transfer Bukit Jambul | 10f, Jalan Tun Dr Awang, Bukit Jambul, 11900 Bayan Lepas, Pulau Pinang, Malaysia | +60 12-456 2521 |
| Merchantrade | 30, Jalan Gurdwara, 10460 George Town, Pulau Pinang, Malaysia | +60 4-264 5976 |
| Currency Exchange | Hotel Equatorial Penang, 1, Jalan Bukit Jambul, Queens Bay, 11900 Bayan Lepas, Pulau Pinang, Malaysia | +60 4-643 8111 |
| ACE Money Exchange - But Jambul | 6G-G Jalan Rumbia, Bukit Jambul, 11900 Bayan Lepas, Pulau Pinang Bayan Lepas, Kampung Seberang Paya, 11900 Pulau Pinang, Malaysia | +60 4-637 0304 |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
Malaysian ringgit rate today
The currency used in Gelugor, as well as the rest of Malaysia is Malaysian ringgit.
However, when visiting a currency exchange shop you will notice they use currency codes. The code for Malaysian ringgit is MYR. Keep an eye out for this if you want to compare exchange rates.
What you should know about exchanging money in Gelugor
When exchanging money in Gelugor or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Malaysia long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
2. Research the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in Malaysia banks to avoid unwanted ATM fees. It's becoming less of a requirement, but it can be good to inform your bank before traveling too.
5. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Malaysian ringgits for a fairer rate and fees. The same applies if you get the option on card machines.
Say goodbye to overcomplicated currency exchange
Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.
Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local account details in 9 currencies.
Other currency exchanges
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Gelugor. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.