Where to exchange money in Redang Island
Are you heading to Redang Island? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Redang Island that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Spend abroad without hidden fees
Currency exchanges in Redang Island
We are aware that there can be times when you need to have some local currency on hand, so avoiding currency exchanges altogether isn't always possible. We have provided a list of currency exchanges you can find in Redang Island below.
Don't forget to refresh yourself on the advice in this article to help get the most out of your cash whilst abroad.
| Money Changer | Address | Contact Information |
|---|---|---|
| Laguna Redang Island Resort | Redang, Pulau Redang, 21090 Kuala Terengganu, Terengganu, Malaysia | +60 9-630 7888 |
| Redang Beach Resort | Pulau Redang, 21090 Kuala Terengganu, Terengganu, Malaysia | +60 3-2031 5079 |
| Jeti Pulau Redang | Pulau Redang, 21090 Kuala Terengganu, Terengganu, Malaysia | |
| Redang Island | Redang Island, Pulau Redang, 21090 Kuala Terengganu, Terengganu, Malaysia | |
| The Taaras Beach & Spa Resort | Peti Surat 126, Main Post Office, Pulau Redang, 20928 Kuala Terengganu, Terengganu, Malaysia | +60 9-630 8888 |
| Redang Reef Resort | 21090, Terengganu, Malaysia | +60 9-622 6181 |
| Redang Island Resort | Peti Surat 106, Pulau Redang, 20710 Kuala Terengganu, Terengganu, Malaysia | +60 9-630 8787 |
| Redang Bay Resort | Pulau Redang, 21090 Kuala Terengganu, Terengganu, Malaysia | +60 9-620 3207 |
| Coral Redang Island Resort | Redang Island, Pulau Redang, 20000 Pasir Panjang, Terengganu, Malaysia | +60 9-630 7110 |
| Redang Mutiara Beach Resort | Kampung Pantai Merang, 21010 Kuala Terengganu, Terengganu, Malaysia | +60 9-653 1158 |
| Redang De Rimba Resort | Lot 171, Kampung Baru, Pulau Redang, 21090 Redang Island, Terengganu, Malaysia | +60 9-630 2887 |
| Redang Pelangi Resort | Pasir Panjang, 20000 Kuala Terengganu, Terengganu, Malaysia | +60 9-624 2158 |
| Berjaya Redang Resort | P.O.Box 126, Main Post Office, Kuala Terengganu, Terengganu, Pulau Redang, 20928 Kuala Terengganu, Terengganu, Malaysia | +60 9-630 8888 |
| Merchantrade | 1-C, Jalan Syed Hussein, 20100 Kuala Terengganu, Terengganu, Malaysia | +60 9-630 9086 |
| Delima Redang Resort | Pulau Redang, 21090 Kuala Terengganu, Terengganu, Malaysia | +60 13-924 7979 |
| Redang Airport | Redang Airport, Terengganu, 21090 Pulau Redang, Terengganu, Malaysia | +60 9-667 3666 |
| Little Maldives | Q24G+55, Pulau Redang, 21090 Kuala Terengganu, Terengganu, Malaysia | |
| MONEY CHANGER & REMITTANCE (Hak Ventures Sdn Bhd Branch) | Jalan Tengku Ampuan Bariah, 21300 Kuala Terengganu, Terengganu, Malaysia | +60 9-662 3788 |
Malaysian ringgit rate today
The accepted currency in Redang Island and across Malaysia is the Malaysian ringgit.
However, when you visit a currency exchange, you'll find that they use currency codes. Specifically, the currency code for the Malaysian ringgit is MYR. Keep an eye out for this code if you're comparing exchange rates.
What you should know about exchanging money in Redang Island
When exchanging money in Redang Island 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 ringgits 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.
Currency exchange bureau who?
Forget all about walking around the city in search for fair exchange rates for a low fee.
With a Wise Account you can access over 70 currencies wherever you are - and all with a single card.
And what's even better, at the mid-market exchange rate. Low fees and fair rates all around the world, that's the Wise way!
Get started today
Other currency exchanges
Bottom line
As you can see, there are plenty of options for exchanging money in Redang Island. Remember to do your research on the exchange rate and get the most out of your trip. For a fuss-free alternative to exchanging cash, check out Wise.
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.