ringgits

We are about to spend afew days in Malaysia on holiday.
Does anyone know the best way to buy the local currency?
Take USD or use the plastic?

[There are 4 posts - the latest was added on Mon 24 May, 22:51]

Use the form at the end of this page to add your own post.

Topics | Thorn Tree | Home

1. card and a little cash Added by: gtdh
   [Timestamp: Mon 24 May, 19:54 Tasmanian Standard Time]

   Take any major currency, but credit card is widely accepted

   ---

   
   
2. Problem with Cash Added by: Brett
   [Timestamp: Mon 24 May, 21:32 Tasmanian Standard Time]

   If you are heading out of KL you may have to shop for a bank
   that takes cash. I know at christmass down the east coast at
   towns like Kuantan you would go into banks and they would
   only take travellers cheques or cards.
   The same bank in different towns had different policies.

   ---

   
   
3. US$ vs RM answer Added by: johann
   [Timestamp: Mon 24 May, 21:59 Tasmanian Standard Time]

   Hello from Malaysia. Living here now. RM (local currency)
   is pegged now to the US$ @ RM3.8/US$1.0
   Banking system is fairly advanced - so no problem
   exchanging most foreign money. Doubt you will be able to
   buy RM overseas or convert it back after you leave
   Malaysia. Even most banks in S.E. Asia won't touch your RM
   - so make certain to convert it all before you go home!!
   I found some banks in Indonesia that still accepted RM -
   but not in Thailand or Philippines etc.
   VISA and AMEX are accepted all mid level hotels and better
   shops.
   

   ---

   
   
4. Money Added by: Dave
   [Timestamp: Mon 24 May, 22:51 Tasmanian Standard Time]

   Take some USD, and change them at registered money changers
   where you get a better deal than banks. They are easy to
   find, usually in major shopping centres in Town. Save the
   cards for big buys in chain stores, etc......

   ---