The Malaysian ringgit
The Malaysian Ringgit (also known as Malaysian dollar) is the official currency of the Malaysian Federation since June 1967. The Ringgit has the ISO 4217 MYR code and is represented by the RM symbol.
The Malaysian Ringgit is divided into 100 sen. These two names (Ringgit and Sen) were officially adopted in August 1975.
Today, Ringgit coins and bills are issued by the Central Bank of Malaysia (Bank Negara Malaysia).
Sens coins that you can find in circulation are 5, 10, 20 and 50 sen.
On the other hand, Ringgit bank notes that you can find in circulation have the following denominations: 1, 5, 10, 20, 50 and 100 Ringgit.
Central Bank of Malaysia (Bank Negara Malaysia)
|Global Exchange||Your high-street bank|
|Variety of currencies||We have 47 currecies. We are specialists.||Only major currencies. Travel money is just a secondary business for banks.|
|Availability of currencies||Immediate availability of currencies in our branches. Click and collect or walk in to our stores.||If they can actually get your exotic currency, prepare for a couple of visits to your bank before you can have the money on your hands.|
|Expenses||Only the exchange rate, without commissions, and if you book online you guarantee the best price.||The bank sets its own margin plus a commission.|
|Different denominations available||At Global Exchange, you’ll get a variety of banknotes with different values, adapted to all your payment needs.||No. Prepare for refusals and complaints in foreign languages when paying with «big» banknotes.|
|Delivery options||Order online to benefit from a price reduction and collect at the branch of your choice.||You’ll have to go first to your bank to order the currency you need, then wait for it to come and go back again to collect it.|