Where to exchange money in Sandakan
Are you heading to Sandakan? 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 Sandakan 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.
Where to exchange money in Sandakan
Are you heading to Sandakan? 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 Sandakan 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 Sandakan
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 Sandakan.
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 |
|---|---|---|
| Jags Money Sdn Bhd | Block 15, Lot 4B Lot 2, Ground Floor Wisma Jasaga, Lebuh Dua, Pusat Bandar Sandakan, 90000 Sandakan, Sabah, Malaysia | +60 10-209 0616 |
| Pengurup Wang Liau Chun Mii Sdn Bhd | Lebuh Tiga, Pusat Bandar Sandakan, 90000 Sandakan, Sabah, Malaysia | +60 89-213 364 |
| Western Union PWLCM Sdn Bhd | Lot 9, Block 23, Ground Floor, No 35, Jalan Tiga, Pusat Bandar Sandakan, 90000 Sandakan, Sabah, Malaysia | +60 16-814 7438 |
| Ria Money Transfer | LOT 8, BLOCK 16, Jalan Pryer, Pusat Bandar Sandakan, 90007 Sandakan, Sabah, Malaysia | +60 1-800-88-2077 |
| Evo Borneo Sdn Bhd | Prima Square, Lot 205, Block 23, Second Floor, Lor Prima 7, Batu 4, Jalan Utara, Bandar Indah, 90000 Sandakan, Sabah, Malaysia | +60 89-673 368 |
| Merchantrade | Jalan Sukau, 90000 Sandakan, Sabah, Malaysia | |
| Sami Butt and Brothers Money Changers | LOT 48,BLOCK HS 4 BANGUNAN HARBOUR SQUARE, Pusat Bandar Sandakan, 90000 Sandakan, Sabah, Malaysia | +60 89-272 164 |
| TML Remittance Center (Sandakan) | Ground Floor, Block 44, Lot 2, Jln Singapura, Pusat Bandar Sandakan, 90739 Sandakan, Sabah, Malaysia | +60 89-215 036 |
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 accepted currency in Sandakan 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 Sandakan
When exchanging money in Sandakan 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!
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Other currency exchanges
Bottom line
From the list above you should have plenty of options for finding a physical currency exchange in Sandakan. If you'd like more options, try searching on a search engine like Google.
Finally, don't forget to check out Wise - The digital alternative to exchanging and spending cash abroad.
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.