Get ready for your trip to Malaysia. Order your Malaysian Ringgit at Manor FX today. Our great exchange rates mean you”ll have more MYR cash to spend. Have your Malaysian Ringgit banknotes delivered securely to your home or office, or pick them up from the Manor FX bureau near Heathrow.
Manor FX offers fast delivery times and a fuss-free online ordering process for your Malaysian ringgit travel money.
Travel advise: payments in Malaysia
Jet off well-informed to Malaysia. Here are some handy facts about cash and card payments in Malaysia.
In Malaysia, international debit and credit card payments with VISA and MasterCard are generally well accepted in most hotels, chain restaurants and supermarkets.
Some smaller local vendors don’t have a payment terminal and may only accept cash or mobile payments via e-wallet apps such as Razer pay, WeChat pay, Boost or Touch-n-Go.
Contactless payments in Malaysia are available for purchases of up to $250 MYR. For larger payments a PIN code is required.
If you are going to pay by card in Malaysia: Be aware of currency conversion fees and bank fees for card payments: Your bank’s MYR to GBP exchange rate may be quite bad. This is how banks make money. Before using your bank card for payments in Malaysia it’s certainly a good idea to contact your bank. This will avoid your card becoming blocked due to international transactions that your bank may find suspicious.
Cash remains a popular and convenient payment method in Malaysia. It’s recommended that you take a good amount of MYR cash with you on your trip to Malaysia. That way you’ll have peace of mind in case your card payments are declined for whatever reason.
Mobile payments aren’t available for people who don’t have a Malaysian bank account. Cash is therefore the ideal payment method in Malaysia to pay for small purchases, tips, taxi rides, public transports and for buying items at local markets and from smaller vendors.
The cost of living in Malaysia is on average 40% lower than the cost of living in the UK: Prices in Malaysia are generally much cheaper.
For a coffee in a cafe the price will be between 3 MYR (in a local Chinese coffee shop) and 10-15 MYR in a more high end coffee bar. A three-course meal in a mid-range restaurante in Malaysia costs around 40 MYR.
Tipping is not a common practice in Malaysia and is not expected.
Banknotes in Malaysia
The latest Malaysian Ringgit banknotes are made of polymer plastic. They circulate alongside older paper banknotes that remain valid. All Malaysian banknotes feature the portrait of Malaysia’s first Supreme Head of State, Abdul Rahman of Negeri Sembilan. Malaysian Ringgit notes in circulation are the following: $1, $5, $10, $20, $50 and $100 MYR.
Coins in Malaysia
Malaysian coins range from 1 sen (0.01 MYR) to 50 sen (0.50 MYR). The $1 ringgit coin was cancelled in 2005 after problems with many forgeries. Don’t accept any $1 MYR coins as they are no longer valid and you won’t be able to spend them.
Did you get back from Malaysia with some leftover coins? Our sister company Leftover Currency can help you to exchange Malaysian Ringgit coins back to cash.
Malaysia’s currency import and export regulations
There are no currency restrictions for travelers to Malaysia, but you need to make a cash declaration if you are carrying over 30,000 Malaysian Ringgit or over $10,000 USD worth in foreign currency. This applies to both entering and exiting Malaysia.
Ordering Malaysian Ringgit online
Order Malaysian Ringgit online and have them delivered fast and securely to your home or office, with Royal Mail Special Delivery Guaranteed®. Or pick them up from our travel money shop near Heathrow. Click here to buy Malaysian Ringgit online.
Selling back Malaysian Ringgit
If you have Malaysian Ringgit to sell, follow this link to exchange Malaysian Ringgit to Pounds, click on “sell currency” and select “MYR Malaysian Ringgit. We”ll pay good rates for your leftover Malaysian Ringgit.