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, 50 and 100
Sen come in coins of 5, 10, 20 and 50.
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 50+ other currencies with the same card.
Get your Wise debit 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.
Tips for exchanging currency in Malaysia.
- 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 >
Familiarise yourself with the mid-market rate before your trip.
- 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.
Choose to be charged in Malaysia currency when withdrawing from ATMs.
- 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 >
Use the Wise debit card to spend in Malaysia without rip-off fees.
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 debit card to avoid sneaky exchange rate markups and excessive fees.
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.
Other helpful currency guides.
Malaysian currency FAQs.
The currency in Kuala Lumpur is the Malaysian ringgit. Each ringgit is divided into 100 sen. When you’re in Malaysia you’ll see the symbol RM written down in shops and on menus, and the currency code MYR used in exchange offices.
US dollars are not widely accepted in Malaysia.
Your best bet when travelling to Malaysia is paying in the official Malaysian currency: the ringgit. To switch easily between currencies, use the Wise debit card.
Get your Wise debit card and save on your trip to Malaysia.
Spend smart, save money. Avoid sneaky bank fees when travelling, with Wise.