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Foreign Exchange Malaysia, Currency Exchange Service

If your looking to travel to Malaysia and want to get the very best foreign exchange currency transfer rates, there are better, cheaper and smarter alternatives than just exchanging or taking out local currency from Malaysian banks.

Currency Overview - Malaysia

The official currency of Malaysia is the Malaysian ringgit, MYR.

Accessing Local Malaysian Currency

In larger Malaysian cities, you are able to access cash, the Malaysian ringgit, from ATM's or you can exchange money by visiting Malaysia's local banks directly.

Recommended Foreign Exchange Options for Travelers to Malaysia

Carry US dollars in cash as a back up. Most transactions in popular shops, restaurants and hotels can be made by credit or debit card.

Transferring Larger Amounts to Malaysian Currency

If your looking to transfer larger amounts to Malaysian ringgits, maybe for business purposes or for a Malaysian property purchase, you would save a large amount of money by using the services of a specialist foreign currency transfer broker, opposed to using a normal high street bank to make the transaction. See: foreign exchange brokers

Sending Money to a Person in Malaysia

The best way to send money to a person in Malaysia would be to use the money transfer service of Western Union.

Great for smaller money transfers to and from Malaysia (typically under £1000 per transaction) you can now send money online using Western Union's services.

There are more than 485,000 Western Union ® locations for cash pick-up around the world with no fees or commission to pay for the receiver. Western Union

Western Union offer a low cost and secure alternative to banks and traditional foreign exchange companies and are one of the biggest money transfer providers in the world.

 

 
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