This guide walks through some popular money changers in Mid Valley Megamall in Kuala Lumpur. You can convert currencies and/or send remittances overseas with them.
As each provider can set their own exchange rates, you’ll need to research the rates beforehand. Bear in mind that some providers offer different rates based on the amount you want to exchange, or the branch you visit.
The mid-market rate is the one which the bank or provider uses when buying and selling currencies on the global markets. However, this is not usually the rate that’s passed on to customers. Instead, it’s common to see a markup or margin - an extra fee - added to the customer rate. You may want to look for a provider with an exchange rate close tothe mid-market exchange rate - and low, transparent fees - to get the best deal.
Exchange rates change all the time, so you’ll need to check out the offers available when you want to exchange currency.
How to check Mid Valley money changers’ exchange rates
You can check their exchange rates online or by calling their branches. Here are the contact details for a few of the most popular money changing options.
9.15am - 4pm - hours may be affected by Covid 19, check with branch prior to visiting
03-2282-8969/0098
Meet Wise: a cheap, fast way to send money abroad
If you need to send a payment to someone overseas, you can also find a selection of providers in Mid Valley Megamall to help you. For instance, Max Money and KL Reit offer overseas remittance service, too, at their branches.⁷⁻⁸
But if you’re sending a payment directly from your bank account to another account held abroad, you may not even need to leave your home so get started.
Wise use the mid-market exchange rate with cheap, transparent transfer fees, and is up to 4x cheaper than banks in Malaysia.
Money changers in Mid Valley can pay out in cash as well as to recipients’ bank accounts, but if you prefer making an international transfer completely online, then Wise could be your choice.
If you’re in or around Mid Valley Megamall you have a choice of money exchange and international remittance services. Many of the specialist stores have long opening hours for customer convenience, and offer a range of services including international payments which can be disbursed in cash, and travel money exchange. However, it’s well worth shopping around to find the best available exchange rate and fee for your specific transaction, as the rates available may vary.
If you’re looking to send a remittance from your MYR bank account to a bank account in a foreign country, you may not even need to head out to the mall. With Wise, you can send money abroad online, with the real mid-market exchange rate and small, transparent transfer fees.
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.
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