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On foreign exchange rates when you order with Travel Money Oz.
Pick up locally
With over 140 convenient store locations across Australia, you can securely pick up your Malaysian Ringgits with no hassles.
About the currency
Coins and notes
The ringgit operates almost identically to the dollar (in fact, some stores may even label prices in Malaysia as dollars), divided up into 100 sens. All Malaysian coins are in sens, worth 5, 10, 20 and 50 apiece. Malaysian notes are set at 1, 5, 10, 20, 50 and 100 ringgits each.
Facts about the currency
- Most Malaysians refer to the currency in its proper terms, but certain people will call it ‘dollars’ just for convenience, and some northern places like Kelantan still call it the riyal.
- A polymer 50 ringgit note was released to commemorate the 1998 Commonwealth Games, but it was so rare that it’s now a collector’s item – so hold onto it if you find one!
- The first generation of Malaysian banknotes are today worth far more than their printed value – a whole set was sold at auction for £100,000 in 2007.
The chart shows how the Australian dollar has performed against the Malaysian Ringgit. If not, you can sign up for currency alerts and when the exchange rate is right where you want it, you’ll receive an alert. Ring it in, Jerry.