What Currency Does Malaysia Use?
Facts last checked 9 October 2026.
Exchange rate (approximate):
1 USD โ 4.0705 MYR
1 GBP โ 5.4568 MYR
Rates are indicative (July 2026) and change daily. Always check live rates before travelling. Rates by Exchange Rate API.
MYR converter
100 MYR โ 24.57 USD
Malaysian ringgit conversion table
| Amount | USD โ MYR | GBP โ MYR | EUR โ MYR |
|---|---|---|---|
| 1 | 4.0705 | 5.4568 | 4.6493 |
| 5 | 20.35 | 27.28 | 23.25 |
| 10 | 40.70 | 54.57 | 46.49 |
| 20 | 81.41 | 109.14 | 92.99 |
| 50 | 203.53 | 272.84 | 232.47 |
| 100 | 407.05 | 545.68 | 464.93 |
| 500 | 2,035 | 2,728 | 2,325 |
| 1,000 | 4,070 | 5,457 | 4,649 |
| MYR | โ USD | โ GBP | โ EUR |
|---|---|---|---|
| 1 | 0.2457 | 0.1833 | 0.2151 |
| 5 | 1.2284 | 0.9163 | 1.0754 |
| 10 | 2.4567 | 1.8326 | 2.1508 |
| 20 | 4.9134 | 3.6652 | 4.3017 |
| 50 | 12.28 | 9.1629 | 10.75 |
| 100 | 24.57 | 18.33 | 21.51 |
| 500 | 122.84 | 91.63 | 107.54 |
| 1,000 | 245.67 | 183.26 | 215.08 |
Indicative rates (July 2026). Banks and card providers add their own margin and fees, so the amount you actually receive will differ slightly.
Against the US dollar, 1 MYR is worth about 0.2457 USD. Of the 141 currencies covered on this site, the Malaysian ringgit ranks 33rd by value per unit (1st = the most US dollars per unit). A high or low number says nothing about economic strength โ it simply reflects how the currency is denominated.
Travel Money Card
Travelling to Malaysia? Avoid poor airport exchange rates โ a prepaid travel money card or multi-currency card usually gets you a far better deal on Malaysian ringgit spending.
What is money called in Malaysia?
Money in Malaysia is called the Malaysian ringgit โ its ISO 4217 currency code is MYR, and its symbol is RM. The Malaysian ringgit is the official legal tender in Malaysia and is used for all everyday transactions โ from paying for goods and services to converting money at banks and exchange bureaus. When travelling, you may also see it referred to as the Malaysia currency or simply money in Malaysia. The Malaysian ringgit is subdivided into 100 sen, though small-denomination coins may not always be in everyday circulation.
Is the Malaysian ringgit used anywhere else?
No โ Malaysia is the only country on this site using the Malaysian ringgit as its official currency.
Practical money tips for Malaysia
Card payments are widely accepted in most cities, but it's still worth carrying some Malaysian ringgit in cash for smaller vendors, local transport and rural areas. Notify your bank before travelling to avoid transactions being blocked, and compare card fees โ many cards charge a foreign transaction fee that a dedicated travel money card avoids.
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Money essentials for Malaysia
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Malaysia in context
- Malaysia covers 330,803 kmยฒ, making it the 68th largest of the 196 countries on this site.
- It shares a land border with 3 countries: Brunei, Indonesia, Thailand.
- With 34,231,700 people, Malaysia holds about 5.0% of the population of South-Eastern Asia.
- Traffic drives on the left, and calendars start the week on Sunday.
- Malaysia is a member state of the United Nations.
Compare Malaysia
Malaysia currency โ FAQ
What is the currency of Malaysia?
The currency of Malaysia is the Malaysian ringgit (currency code: MYR, symbol: RM).
What is the currency code for Malaysia?
The ISO 4217 currency code for the Malaysian ringgit is MYR.
What is the Malaysian ringgit symbol?
The symbol for the Malaysian ringgit is RM. You will see this on price tags and receipts throughout Malaysia.
What currency is used in Malaysia?
The official currency used in Malaysia is the Malaysian ringgit (MYR).
Can I use US dollars in Malaysia?
The official currency of Malaysia is the Malaysian ringgit, not the US dollar. While USD may be accepted in some tourist hotels and major cities, you will generally get better rates paying in Malaysian ringgit and should exchange money before or on arrival.
What is the exchange rate for Malaysia?
As of July 2026, approximately 1 USD = 4.0705 MYR and 1 GBP = 5.4568 MYR. Rates change daily โ always check a live source before travelling or sending money.
What is money called in Malaysia?
Money in Malaysia is called the Malaysian ringgit (MYR).
Do other countries use the Malaysian ringgit?
No โ Malaysia is the only country on this site using the Malaysian ringgit as its official currency.
What is the Malaysian currency?
The Malaysian currency is the Malaysian ringgit (MYR), the official money of Malaysia.
How much is 100 MYR in US dollars?
At the July 2026 indicative rate, 100 MYR is about 24.57 USD or 18.33 GBP. Use the converter above for other amounts.
How much is 100 US dollars in Malaysian ringgit?
At the July 2026 indicative rate, 100 USD is about 407.05 MYR.
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