MYR Malaysian Ringgit
Buy and sell Malaysian Ringgit in Sydney
Malaysian ringgit in cash from our Level 2 counter at Suite 202A, 60 York Street, NSW 2000. Live rates run in both directions, 0% commission applies to each, and we trade every weekday from 9:30am until 5pm.
How to get your ringgit
One rate check, one lift ride, ringgit in hand.
Check today's MYR exchange rate
Above the fold the calculator prices ringgit in both directions: what a hundred Australian dollars turns into, and what we hand back for ringgit returning from Malaysia.
Visit our store
We are at Suite 202A, Level 2, 60 York Street, NSW 2000, a short walk from Wynyard station; ring (02) 8014 4222 beforehand and your ringgit will be waiting when you arrive.
Get your cash
We count the notes across the counter with you watching, hand them over immediately, and take back whatever survives the holiday.
Key information about the Malaysian ringgit
The notes, the sen coins, the demonetised pair, and where ringgit is money.
The ringgit is Malaysia's currency, issued by Bank Negara Malaysia and written RM in shops and on price tags. One ringgit splits into 100 sen. The word ringgit means jagged, a nod to the milled edges of the Spanish silver dollars that traded through Melaka centuries ago. It is a regional currency rather than a reserve one.
Six denominations circulate: RM1, RM5, RM10, RM20, RM50 and RM100. The RM1 and RM5 are printed on polymer, the rest on cotton paper. RM100 is the ceiling, since Bank Negara demonetised the RM500 and RM1,000 in 1999 and they have no value as money. Visitors trip up by arriving with nothing under RM50.
Ringgit is one of the 22 currencies dealt upstairs on York Street. Anyone buying Malaysian ringgit in Sydney can show photo ID and step up to Level 2, or phone first so the amount is set aside. Whatever comes home unspent sells back here at the buy-back rate above.
Malaysian Ringgit details
- Currency
- Malaysian Ringgit
- Code
- MYR
- Symbol
- RM
- Subunit
- 100 sen
- Central bank
- Bank Negara Malaysia
Malaysian Ringgit in use
- Banknotes
- RM1, RM5, RM10, RM20, RM50, RM100 (the RM1 and RM5 are polymer; the RM500 and RM1,000 were demonetised in 1999)
- Coins
- 5 sen, 10 sen, 20 sen, 50 sen (cash prices are rounded to the closest 5 sen, and the 1 sen coin has all but vanished from tills)
- Used in
- Malaysia, including Sabah and Sarawak on Borneo
- Also used
- Nowhere else as legal tender. Traders around the southern Thai border towns and the Johor crossings into Singapore will sometimes take ringgit, always at whatever rate the trader fancies that day
The RM1 and RM5 are polymer and shrug off rain and sweat, but the RM10 and up are cotton paper that goes limp in the humidity. Keep the larger notes flat and dry.
Today's ringgit exchange rate in Sydney
These figures come from our counter's AUD to MYR rate as it stands right now: the ringgit handed over per Australian dollar, and the A$ paid out for each ringgit sold back to us.
Buying ringgit in Sydney
A$1 = RM2.7612
Australian dollars in, ringgit notes out.
- 0% commission applies, so what you agree is what it costs, with no fee hiding behind the number
- The counter takes cash only, so have your Australian dollars ready
- Ask for plenty of RM10s and RM20s - a hawker stall or a taxi will struggle to break an RM100
Selling ringgit back in Sydney
RM1 = A$0.3444
Ringgit in, Australian dollars across the counter.
- Your Australian dollars are handed across as soon as the two of us have counted it out
- Notes should be intact and unmarked; ripped, taped or badly worn ringgit can be turned away
- The RM500 and RM1,000 lost legal tender status in 1999, so they are collectors' items rather than currency
Ringgit rates on this page move while the market is open. One timestamp governs both tables, the one shown beside the calculator, and the number agreed aloud at the counter when notes change hands outranks anything printed earlier in the day.
What things cost in Malaysia
Kuala Lumpur figures. Penang and Melaka eat cheaper, Langkawi and the Borneo resorts cost more, and school holidays lift everything.
Malaysia travel money tips
Malaysia is half cashless and half hawker stall - here is how a visitor bridges the two.
Ringgit does not travel freely
Bank Negara treats the ringgit as a currency meant to stay onshore, so it is not traded on offshore markets the way the pound or the yen are, and there are limits on how much a traveller may carry across the border in either direction. Cash of any currency reaching the equivalent of US$10,000 has to be declared to Malaysian customs, and Australia asks the same at A$10,000. Sorting your ringgit here keeps it simple.
Things to see in Malaysia
Rainforest, colonial shophouses, island beaches and one of Asia's great food scenes - and small ringgit notes are what the hawker stalls and boat jetties want.
Why exchange ringgit with us
Ringgit before the flight, ringgit sold back after it - one AUSTRAC registered counter in the CBD, quoting live in both directions.
0% commission, no fees on top
Ringgit changes hands here at 0% commission. Nothing is loaded onto the AUD to MYR rate you agree - no service charge, no handling fee, no quiet margin - so the calculator's figure is the figure counted out.
Live, timestamped counter rates
Every ringgit number here belongs to our own counter, moving as the market moves and carrying a stamp of when it was last written - one figure for buying, a second for what we pay on a sell-back.
Registered, reviewed, guaranteed
AUSTRAC registered and operating on ABN 18 675 798 302, rated in public across 59 Google reviews, with a written Best Price Guarantee standing behind every deal.
Rated on Google by 59 customers
Every one of these was left on our Google profile by someone who came up to Level 2. We cannot edit them or take them down.
"Nice attention, customer service and good rate"
"Great people. Great rates. Great location. Sunil is the best."
"Thanks sunil. Great service and great rates"
"Pretty good rates, the place is clean and comfortable to wait in."
See what customers across Sydney say about our rates and service.
Read them all on Googlearrow_forwardCommon questions about ringgit
Something missing? Ring (02) 8014 4222 on a weekday and we will talk it through.
The number you want is on the live calculator up top, shown from both sides: ringgit per Australian dollar when you buy, and A$ per ringgit when you sell back. It shifts as the market shifts during trading hours, so treat the figure agreed at the counter as final.
The counter is upstairs in the Sydney CBD at Suite 202A, Level 2, 60 York Street, NSW 2000, four minutes' walk from Wynyard station. The doors are open Monday to Friday, 9:30am to 5pm; no booking is required, though photo identification is. Ring (02) 8014 4222 if you would rather the ringgit were set aside before you get here.
The conversion table below runs that sum at the counter's live rate, next to the other amounts people ask about most. Table and calculator move together as the day goes on, so use them as today's guide and let the number agreed when you exchange settle it.
None, in either direction. Buying ringgit and selling it back both run at 0% commission, with no service or handling charge tacked on at the till. The agreed rate does all the work: your Australian dollars times that rate is the ringgit you walk out with, and the sum runs backwards when you sell.
Malaysia draws a steady stream of Australian travellers, so ringgit is among the busier of the 22 currencies behind the counter, and turning up unannounced usually works. Chasing a bigger amount, or a set mix of RM10, RM20 and RM50 notes? Phone (02) 8014 4222 beforehand so it can be checked and put aside.
Lean towards RM10s and RM20s, with some RM50s for hotels and larger shops. Hawker stalls, market traders, taxis and corner shops often cannot break an RM100, and that is the largest note Malaysia issues. The RM1 and RM5 are polymer and handy for parking, tolls and small change.
Yes. Leftover ringgit is bought back here, priced off the sell-back side of the calculator. Settle the count and the Australian dollars are yours immediately. Condition is the catch: ripped, sticky-taped, heavily scribbled or water-stained notes can be refused, since anything taken in still has to be resaleable to somebody else.
Yes, within limits. Malaysia treats the ringgit as a currency that is not meant to trade offshore, and it caps how much a traveller may carry in or out. Separately, anyone entering or leaving with cash worth the equivalent of US$10,000 or more must declare it to Malaysian customs, and Australia requires a declaration at A$10,000 or more. Holiday amounts sit well under both.
Carry current photo identification, a passport or an Australian driver licence being the obvious choices. Money changing sits under Australia's AML/CTF regime, Currency Wise Exchange holds AUSTRAC registration, and certain transactions oblige us to identify the customer whichever way the ringgit happens to be moving.
Need a different currency?
Ringgit is one of 22 currencies traded here - open the full rate board to see where each of the others sits today, buying and selling.
