![](https://wise.com/web-art/assets/illustrations/convert-medium@1x.webp)
Where to exchange money in George Town
If you're planning a trip to George Town, it's important to know how to get the currency of the country you’re visiting. Also, you might want to know the current exchange rate and the best places to withdraw cash.
So, on this page, we’ll show you the best places to exchange currency in George Town, and we’ll show you an alternative, Wise – which may be cheaper and help you save the effort of going to a physical location – but more on this later.
![](https://wise.com/web-art/assets/illustrations/map-medium@1x.webp)
Currency exchanges in George Town
Consider using digital alternatives like Wise when looking at currency exchanges. If you still need to have some physical cash, here are a list of currency exchanges you can find in George Town.
A reminder from us - There's no such thing as 0% commission or fee-free so remember to do your research and make an informed decision.
Money Changer | Address | Contact Information |
---|---|---|
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 |
Hasani Munawarah Exchange Sdn Bhd (HME) Prangin Mall Money Changer | Lot G-11, Prangin Mall, 33, Jalan Dr Lim Chwee Leong, 10100 George Town, Penang, Malaysia | +60 14-347 2311 |
M.S.K.M MOHAMED HANIFFA FOREX SDN BHD | 59, Jln Masjid Kapitan Keling, George Town, 10200 George Town, Pulau Pinang, Malaysia | +60 4-261 0786 |
Kanson Forex Sdn Bhd (600379V) | 75, Jln Masjid Kapitan Keling, George Town, 10200 George Town, Pulau Pinang, Malaysia | +60 4-225 0275 |
N.J. Forex Sdn Bhd | 417-E, Lbh Chulia, George Town, 10200 George Town, Pulau Pinang, Malaysia | +60 4-262 2314 |
Kassim M.Mohamed Forex Co., Ltd. | 73, Jln Masjid Kapitan Keling, George Town, 10200 George Town, Pulau Pinang, Malaysia | +60 4-261 0609 |
Teraju Positif Sdn Bhd | 57, Jln Masjid Kapitan Keling, George Town, 10200 George Town, Pulau Pinang, Malaysia | +60 4-263 7229 |
Rahimas Forex Sdn. Bhd. | 389-C, Jalan Burma, Pulau Tikus, 10350 George Town, Pulau Pinang, Malaysia | +60 16-228 8556 |
World Coins Forex Sdn. Bhd. | 65, Jln Masjid Kapitan Keling, George Town, 10200 George Town, Pulau Pinang, Malaysia | +60 4-261 6176 |
Rashidiya Trading Sdn Bhd | 71A, Jln Masjid Kapitan Keling, George Town, 10200 George Town, Pulau Pinang, Malaysia | +60 4-261 8830 |
Malaysian ringgit rate today
First off, in case you’re wondering something along the lines of “does Malaysia use Malaysian ringgit?”, the answer is yes. The currency in George Town — and the rest of Malaysia — is Malaysian ringgit.
You can also find it written as MYR in currency exchange shops.
![](https://wise.com/web-art/assets/illustrations/multi-currency-medium@1x.webp)
What you should know about exchanging money in George Town
When exchanging money in George Town 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. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Malaysian ringgit for a fairer rate and fees. The same applies if you get the option on card machines.
2. Know 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. Also try to plan ahead and make as few withdrawals as possible to avoid multiple extra fees.
5. 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.
![](https://wise.com/web-art/assets/illustrations/plane-2-medium@1x.webp)
Money exchange at the tip of your fingers
Out with carrying only cash when you're abroad. The world has gone digital and so can you.
With a Wise account you can exchange currency at any time, almost everywhere in the world.
Access over 70 currencies in just a few clicks and pay wherever you are with the Wise card.
Say goodbye to the analog way. Say hello to Wise
Get a Wise Account in minutes!Please see the Terms of Use for your region or visit Wise fees & pricing for the most up-to-date information on pricing and fees.
Other currency exchanges
- Currency Exchange in Lahore
- Currency Exchange in Surabaya
- Currency Exchange in Jakarta
- Currency Exchange in Karachi
- Currency Exchange in Colombo
- Currency Exchange in Islamabad
- Currency Exchange in Bengaluru
- Currency Exchange in Bali
- Currency Exchange in Delhi
- Currency Exchange in Kolkata
- Currency Exchange in Mumbai
- Currency Exchange in Semarang
- Currency Exchange in Tokyo
- Currency Exchange in Riyadh
- Currency Exchange in Hanoi
- Currency Exchange in Batam
- Currency Exchange in Manila
- Currency Exchange in Jeddah
- Currency Exchange in Kathmandu
- Currency Exchange in Cebu
- Currency Exchange in Vijayawada
- Currency Exchange in Tel Aviv
- Currency Exchange in Phuket
- Currency Exchange in Malacca
- Currency Exchange in Seoul
- Currency Exchange in Taipei City
- Currency Exchange in Quezon
- Currency Exchange in Limassol
- Currency Exchange in Tbilisi
- Currency Exchange in Mecca
- Currency Exchange in Yangon
- Currency Exchange in Yerevan
- Currency Exchange in Phnom Penh
- Currency Exchange in Baku
- Currency Exchange in Maldives
- Currency Exchange in Kyoto
- Currency Exchange in Muscat
- Currency Exchange in Goa
- Currency Exchange in Pokhara
- Currency Exchange in New Delhi
![](https://wise.com/web-art/assets/illustrations/globe-medium@1x.webp)
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in George Town. 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.This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payment 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.