What Currency is Used in Malaysia?

Are you planning a fascinating expedition to Malaysia, a land of multicultural landscapes and dynamic cities? Need some advice on how best to handle your travel money? Look no further. WeXchange, your trustworthy currency exchange service based in Melbourne, Australia, is at your service. We’re here to guide you through the intricacies of Malaysia’s currency, provide tips on how to exchange your Australian Dollars (AUD) to Malaysian Ringgit (MYR) efficiently, and even suggest a few must-visit destinations in Malaysia.

The official currency of Malaysia is the Malaysian Ringgit (MYR), which you might need to exchange MYR during your visit. The symbol for the Malaysian Ringgit is RM.

Denominations for the Malaysian Ringgit are:

• Notes: RM1, RM5, RM10, RM20, RM50, and RM100
• Coins: 5 sen, 10 sen, 20 sen, and 50 sen

While credit cards are accepted at many businesses in Malaysia, cash continues to play a crucial role, particularly when exploring local markets, food stalls, and smaller towns. To ensure you’re well-prepared for your travel money needs, we recommend getting your Malaysian Ringgit sorted with WeXchange before setting off on your journey.

How Should I Carry My Travel Money in Malaysia?

While Malaysia is steadily adopting digital payments, cash remains a central part of many transactions, particularly for tourists. From bustling local markets to mouth-watering street food stalls, cash transactions are common. To ensure you’re well-equipped with travel money, you can order your Malaysian Ringgit from WeXchange online and pick them up in-store before your journey. Check out our best rates MYR exchange rates.

Where to Exchange Malaysian Ringgit?

You can exchange your AUD to MYR in Australia before your departure or after your arrival in Malaysia. However, to avoid any language barriers, high fees, or less favorable exchange rates, we recommend exchanging your currency at WeXchange before your journey. You can do this conveniently online anytime, or in-store during business hours. Need to exchange MYR? Check today’s best rates here!

Must-Visit in Malaysia and MYR Money Tips

Malaysia is a melting pot of cultures, boasting captivating history and unparalleled natural beauty. If you’re ready to exchange MYR and start exploring, here are some must-visit locations and practical money-handling tips:

1. Kuala Lumpur

Malaysia’s capital, Kuala Lumpur, blends modern innovation with traditional charm. From the iconic Petronas Twin Towers to bustling street markets like Petaling Street, and diverse culinary delights, it’s a must-visit. Just remember, small businesses and street vendors usually prefer cash transactions.

3. Langkawi

An enchanting archipelago of 99 islands, Langkawi is a paradise for beach and nature lovers. The island offers pristine beaches, lush rainforests, and the breathtaking Langkawi Sky Bridge. Local vendors and small establishments typically prefer cash, so be prepared.

5. Borneo

Home to some of the world’s most diverse wildlife and stunning landscapes, Borneo is an adventurer’s paradise. Whether you’re planning a trek through ancient rainforests or a river safari, having cash is essential for a seamless experience.

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