Country Currency

Malaysia Currency

The Malaysian ringgit is the official currency of Malaysia.

Official currency

Malaysian Ringgit (MYR)

RegionAsia Pacific

Central bankBank Negara Malaysia

Country money overview

Currency arrangements

Official currencyMalaysian Ringgit (MYR, RM)

Central bankBank Negara Malaysia

Currency arrangementMalaysia uses MYR as official currency.

Paying in Malaysia

Cash, cards and local payments

Cash use

Malaysian ringgit cash remains useful for small purchases and merchants with limited electronic-payment options.

Card acceptance

Bank Negara Malaysia publishes payment statistics covering cards and other retail payment instruments.

Contactless payments

Malaysia's retail system includes DuitNow, JomPAY, cards and e-money services, with acceptance varying by provider and merchant.

ATM availability

Foreign-card access depends on the ATM network and issuer; review any fee shown before confirming a withdrawal.

Travel money guidance

Planning a conversion

Before travel

Compare cash, card and ATM costs in ringgit and keep the provider's dated receipt for larger exchanges.

ATM and foreign-card fees

The card issuer and ATM operator can each add a fee or use different processing dates.

MYRMalaysian Ringgit

USDUnited States Dollar

EUREuro

GBPBritish Pound

Exchange-rate information is provided for reference only and is not financial, trading or investment advice.

Useful links

Research Malaysia currencies

Malaysian Ringgit profile China currency Japan currency India currency South Korea currency Travel money guide Exchange-rate methodology Data sources

Sources and review

Rate data and official references

Reviewed by: CurrencyHub Editorial Team

Editorially reviewed: July 18, 2026

Sources

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