Malaysian Currency

Find out what currency is used in Malaysia, tips and tricks for Malaysian currency exchange, and how you can save money on your visit with the Wise Malaysian ringgit card.
Malaysian currency

What is the currency in Malaysia?

The currency in Malaysia is the Malaysian ringgit. Each ringgit is divided into 100 sen.

When you’re buying currency for Malaysia, look out for the currency code MYR. And once you’re in Malaysia, you’ll see the symbol RM used to show prices.

You’ll find Malaysian banknotes in denominations of 1, 5, 10, 40 and 100

Sen come in coins of 5, 10, 20 and 50.

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Use the Wise Malaysian ringgit card to spend in Malaysian currency.

The Wise Malaysian ringgit travel money card lets you top up in your local currency, and switch to ringgit to spend when you’re in Malaysia. You’ll get the best rate for spending in Malaysian ringgit - and can also hold and spend 40+ other currencies with the same card.

Get your Wise travel money card online for free, to send and spend money around the world at the real exchange rate.

Simply top up your card and convert to the currency you need in real time using the Wise app.

You’ll always get the real exchange rate with no hidden costs, and you’ll avoid foreign transaction fees while withdrawing from ATMs abroad, paying in restaurants and shops, and buying your accommodation and flights.

Learn about the travel money card

Malaysian currency card

Tips for exchanging currency in Malaysia.

Familiarise yourself with the mid-market rate before your trip.
The mid-market rate is the true exchange rate - with no sneaky hidden fees. Use an online currency converter before your trip to get a feel for what your money is worth and make sure you get a fair rate when you buy your travel money.
Convert GBP to MYR >
Choose to be charged in Malaysia currency when withdrawing from ATMs.
Being offered to pay in your own currency at an ATM is a sneaky trick and causes many travellers to pay more than they need to. Always choose to pay in the local currency - in this case, ringgit - to cut your costs and get the best rates available.
Avoid changing currency at airports or hotels.
Currency exchange desks at airports and hotels often markup the exchange rates they use, and may charge hidden fees. Avoid this expensive option whenever you can.
Use the Wise debit card to spend in Malaysia without rip-off fees.
Withdraw money, pay for meals in restaurants or spend in shops in Malaysian ringgit, all at the real exchange rate with the Wise debit card.
Get your travel money card >

Spending money in Malaysia.

Paying by credit or debit card in Malaysia

Credit and debit cards are widely accepted in cities and tourist areas in Malaysia. You won’t have a problem using your card at shopping centres, large restaurants and hotels.

ATMs in Malaysia

Cities and tourist areas in Malaysia have many ATMs which accept major card networks.

However, if you're heading to a more remote area you'll need to withdraw cash in advance as ATM coverage will be limited.

To get the best deal when spending on card or withdrawing money in Malaysia, don’t forget to use the Wise travel money card to avoid sneaky exchange rate markups and excessive fees.

spending money in Malaysia

Malaysian currency services.

Convert GBP to Malaysian ringgit

Use our currency converter to see how much your money is worth in Malaysian ringgit and familiarise yourself with the mid-market rate before your trip.

Send money to Malaysia

Need to send GBP to Malaysia? Use Wise for fast, low-cost, and secure online money transfers from the United Kingdom to Malaysia.

See the best Malaysian ringgit exchange rates

Compare live Malaysian ringgit exchange rates and see how much you could save with Wise.

Malaysian currency FAQs.

Get your Wise debit card and save on your trip to Malaysia

Spend smart, save money. Avoid sneaky bank fees when travelling, with Wise.

Order your card now