- Best Money Transfer Service - TransferWise, as revealed by our extensive research into international money transfers.
- Best Debit Card for Malaysian Ringgit - The TransferWise Debit Card (best NZD:MYR rate, and 0% foreign currency fees if you withdraw up to NZ$350 within a 30-day rolling period (and then a 2% fee of anything above that).
- Best Credit Card for Malaysian Ringgit - The Flight Centre Mastercard outperforms all other cards given its 0% overseas currency conversion fee.
- ATMs Availability and Costs - ATMs are common all over Malaysia. The majority of ATMs only dispense RM10 and RM50 notes, and the limit per transaction is RM1,500 to RM3,000 depending on the bank. Find out what your bank's international debit card and credit card fees here.
- Be aware, Travel Money Cards DO NOT support Malaysian Ringgit, so they aren't useful when in Malaysia.
- Save money when withdrawing or spending Malaysian Ringgit with our foreign exchange guide.
- Malaysian Ringgit comes in RM1, RM5, RM10, RM20, RM50 and RM100 notes. Smaller notes are better when paying in markets or in village shops.
Suggested money tip when arriving and travelling in Malaysia:
- Bring around NZD$300 in cash which you can use as a safety net and exchange in major cities like Kuala Lumpur, Penang and Langkawi.
- Avoid airport money exchange kiosks - they most likely offer the worst exchange rates. ATMs give you the market exchange rate without the greedy commission.
- Leftover MYR? If you have a small amount of Malaysian Ringgit remaining, you can use them to settle your hotel bill extras, transfers back to the airport and/or apply them to a duty free purchase on departure (you can pay part cash, part card). Some banks in New Zealand may buy them, but the exchange rate is unlikely to be favourable so spending or exchanging them in Malaysia is a better idea.