Money and prices in Malaysia. Malaysian currency - Malaysian ringgit: description, exchange rate. Coins and banknotes of Malaysia Malaysia ringgit

The national currency of Malaysia is the Malaysian ringgit. Previously they were called Malayan dollars and cents, but recently they were finally renamed to ringgits. What currency is best to take to Malaysia for exchange? American dollars or Thai baht are ideal for this.

In the past, banknotes were issued on paper, but recently all banknotes in Malaysia are plastic, like . They do not tear, do not fade or wrinkle. All banknotes feature the image of their local supreme ruler.

Banknotes in circulation are in denomination 1, 5, 10, 20, 50 and 100 ringgit, as well as cent coins. Perhaps these are the most beautiful coins we have ever seen.

Malaysian ringgit to ruble and US dollar exchange rate

The exchange rate of Malaysia's national currency against the dollar is more stable than ever. 1 US dollar as of March 2016 is equal to approximately 4 Malayan ringgit. The same cannot be said about the ratio of the ringgit and the ruble.

Over the past 10 years, the Malaysian ringgit has risen in price against the ruble by almost 2.2 times. If in 2006 for 1 ringgit they gave 7.5 rubles, then in 2016 - already 17-18 rubles. The current exchange rate of the Malaysian ringgit to the ruble for today can be viewed in our currency converter above.

To quickly convert Malayan ringgits into rubles in your head, just multiply the amount by 17, and you will get the ruble equivalent of the price you are interested in. It is worth noting that the Malaysian ringgit exchange rate is calculated through the US dollar cross rate. Therefore volatility American currency directly affects the ruble-ringgit ratio.

Where to exchange currency in Malaysia

Unlike Vietnam or Cambodia, Malaysia has many official currency exchange offices. You can rest assured that your currency will be converted at a reasonable rate. It doesn't matter if you change $100 or $1 , as happens in some countries.

To pay for purchases in supermarkets. They are also readily accepted by most restaurants, large stores, even you can pay using card.

Just in case - brief instructions to withdraw money from an ATM abroad:

• Insert the card, enter the PIN code
• Select language English
• Then - Cash withdrawal, Current account.
• Type the desired amount on the keyboard.
• Agree to the terms of withdrawal
• Choose whether you need a check
• Wait for the money, take the card and leave

The Malaysian ringit is the name of the official currency in Malaysia. When traveling to this country, you can take dollars, euros, as well as Asian currencies (Thai baht, yuan, Hong Kong dollars) in cash. But don’t take rubles, hryvnias, tenge. If only on the map. You can exchange currency at the airport (unfavorable rate), and then at any exchange office. For comparison, you can walk along the streets and look at exchange rates.

Exchange rate of the Malaysian ringgit to the ruble, dollar, euro, hryvnia and other currencies

• Today the average rate is 4 ringgit per 1 dollar
• For those who live in Thailand - how to quickly convert prices in ringgits to Thai baht: multiply by 10
• Use the currency converter on the right to see the current exchange rate of Malaysian money to the dollar or the currency of your country. The course is updated daily automatically.

Where to change money

In banks and exchange offices in tourist areas. We didn’t notice much of a difference in exchange rates, so you can change at any rate. To start, change $100 at the airport, just to get there for the first evening. The rates at the airport and hotels are usually the worst. Then walk the streets, compare rates and change with the most favorable rate.

Where can I order a transfer from the airport?

We use the service - KiwiTaxi
We ordered a taxi online and paid by card. We were met at the airport with a sign with our name on it. We were taken to the hotel in a comfortable car. You've already talked about your experience In this article.

How to withdraw money from an ATM without commission

Can I pay by card in Malaysia?

Yes. You can pay in regular rubles by bank card(including Sberbank). But only Mastercard and Visa (Mir and Maestro are not allowed). You should also notify your bank that you will be traveling to Malaysia so that the card is not blocked (how to do this is to call reverse side cards).

You can pay by card in hotels, supermarkets, shopping centers. Lots of other places. But cash is still always needed, since cards are not common everywhere. There is also sometimes a minimum amount for payment by card (from 50 ringit for example).

Contactless payment in Malaysia is called PAYWAVE.

Is it possible to change rubles/hryvnia/tenge to ringgits in Malaysia

I think this will be very difficult and unprofitable; we have never come across Russian (Ukrainian, Belarusian, Kazakh) currency rates in exchange offices. However, we once managed to exchange even Sri Lankan rupees (LKR) in Langkawi, so there are chances. But it’s better to carry dollars or withdraw from an ATM.

This is what money looks like in Malaysia

Other currencies of Malaysia: Malaysian ringgit (MYR)

The national currency of Malaysia is represented by a monetary unit called the Malaysian ringgit. The Malaysian ringgit has the international symbol MYR. One Malaysian ringgit is equal to 100 sen. The Malaysian currency in circulation is represented by banknotes in denominations of 1 Malaysian ringgit, 5 Malaysian ringgit, 10 Malaysian ringgit, 20 Malaysian ringgit, 50 Malaysian ringgit, 100 Malaysian ringgit, 500 Malaysian ringgit and 1000 Malaysian ringgit, coins 1, 5, 0, 20, 50 sen and 1 ringgit. In many remote areas of Malaysia, the population continues to use the old currency "Malayan dollar" for calculations, converting it to the ringgit and back, which often causes a lot of misunderstandings. The exchange rate of the Malaysian ringgit may vary significantly. 1 US dollar is approximately equal to 2.7 Malaysian ringgit. Malaysian banks are open from 10.00 to 15.00 from Monday to Friday and from 9.30 to 11.30 on Saturday. Malaysian exchange offices are usually open from 11.30 to 22.00. Foreign currency can be exchanged for Malaysian ringgit at the airport, Malaysian banks, Malaysian shopping centers, hotels, etc. The most favorable exchange rate for the Malaysian ringgit is at private Malaysian exchange offices. Credit cards in major cities And tourist centers accepted almost everywhere. Traveler's checks can also be cashed at any major Malaysian bank. In inland areas, non-cash means of payment are poorly distributed; it is better to use cash Malaysian currency. It is better to deal with Malaysian banks or licensed Malaysian exchange offices and take plenty of Malaysian cash with you. Especially when it comes to traveling around small towns or rural areas. The import of foreign currency is not limited. Export of the national currency of Malaysia - up to 5,000 ringgit, foreign currency also up to 5,000 Malaysian ringgit, in the corresponding equivalent.

Banknotes in denominations of 1, 5, 10, 50 and 100 ringgit and coins of 1, 5, 10, 20 and 50 sen are in circulation.
The obverse of all coins bears the denomination, the name of the bank and the year of minting.
1 sen – bronze clad with steel, reverse - Rebana ubi drum;
5 sen – nickelin, reverse – spinning top;
10 sen - nickel, reverse - board for board game Congkak;
20 sen – nickel, reverse – Sirih and kapur vessels;
50 sen – nickel, reverse – Wau kite.

All banknotes are decorated on the front side with a portrait of the first Supreme Ruler of Malaysia, Tuanku Abdul Rahman. On the reverse side are depicted - depending on the denomination - architectural structures, means of transport, production scenes, etc. Banknotes differ in color, reverse image and slightly in size:
1 ringgit - blue banknote, reverse image - Mount Kinabalu, Mount Mulu and kite"Wau Bulan"
5 ringgit – green polymer banknote, reverse image – KLIA and Petronas Tower;
10 ringgit - red banknote, reverse image - Putra LRT train, Malaysia Airlines plane and MISC ship;
50 ringgit - blue and green banknote, reverse image - Petronas oil platform;
100 ringgit - purple banknote, reverse image - Proton car production line and engine.
In early 2008, the Central Bank issued a new design of the RM50 banknote, which went into circulation on 30 January 2008. Previously, more than 20,000 of these banknotes in special packaging were issued by the bank on December 26, 2007. Currently, there are no official statements about the new design of banknotes of other denominations. On the obverse of the commemorative banknote, in addition to the portrait of the ruler Tuanku Abdul Rahman, there was an image of the national flower of Malaysia, the Chinese hibiscus. The reverse of the first RM50 million notes features Malaysia's first Prime Minister, Tunku Abdul Rahman, declaring Malaysia's independence and the "50th Anniversary of Independence" logo.

On July 17, 2001, the Central Bank of Malaysia issued gold coins "Kijang Emas" (kingang - a species of deer found in the Malaysian jungle - part of the logo of the Central Bank of Malaysia) in three denominations of 50, 100 and 200 ringgit. The coins were minted at the Royal Malaysian Mint. The purchase and sale price of Kijang Emas coins depends on the prices of international market gold.

When going to beautiful Malaysia, you need to know what monetary currency used in this state. National currency Malaysian currency is ringgit. The ringgit exchange rate is quite stable in relation to world currencies. But obviously it is always changing. Therefore, it is necessary to find out the exact exchange rate, at least before traveling to the country, in order to somehow plan your budget. Across the state in given time Banknotes are issued in denominations of 1, 5, 10, 20, 50 and 100 Malaysian ringgit, and coins in 1, 5, 10, 20 and 50 sen. RM and MYR are international currency designations.
Interesting fact: On all banknotes the front side is an image of a portrait of Tuanku Abdul Rahman - the first supreme ruler.

What currency to take to Malaysia

Most a good option for exchange - a regular dollar. At the same time, euros, bahts (the currency of Thailand) and British pounds sterling are also exchanged everywhere without much effort. Therefore, you can give preference to these particular currencies, although it will be possible to exchange another currency, for example, the ruble.
There are no restrictions on the import of currency into Malaysia.

Currency exchange in Malaysia

The best places to exchange currency in Malaysia are special exchange offices, because exchange at the local airport may not be very profitable. There are often situations when, without local currency cannot be avoided, so you can exchange a small part at the airport, but it is still better to change larger amounts at exchange offices as needed. It is worth considering that in many exchange offices in the country the exchange rate for small bills is significantly lower than for large bills of 50 and 100 dollars. Exchange offices indicate their opening hours. Most often they start their work only at 10 am.
Banks in the country are closed on the first Saturday of every month. The usual operating hours of banks in the predominant part of the state are: weekdays from 9:30 to 16:00, Saturday from 9:30 to 11:30, Sunday - closed.

Credit cards

It is possible to withdraw money in Malaysia from credit card using ATMs. If you are going to stay in a rural area, then you need to take care of withdrawing cash while still in the city.
Please note that Asian countries are very risky in terms of using plastic cards, because... Quite often they are blocked (especially in Malaysia).