Most banks and bureaux de change add on various margins to the British Pound to Malaysian Ringgit exchange rate that customers are not aware of making it harder for you to compare exchange rates on offer. We have gone one step further. To offer you low-cost exchange rates on your travel money whilst giving you access to the live interbank exchange rate for GBP/MYR at the point of when you transact for complete transparency. Compare our currency exchange rates and see how much you could save.
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*We capture the exchange rates being offered by airports and high street providers once a month and calculate what spread they are taking off the live interbank rate. We then compare that to what rates we are offering to calculate the savings you can make if you use us.
*Your potential saving has been calculated using our exchange rate and the most expensive provider's rate in the market at a given point in time.
Royal Mail will require a signature from someone in the property at the time of delivery
Pay via bank transfer or credit, debit cards. We can only dispatch Malaysian Ringgit currency once we have received cleared funds
We shall email you a dispatch notification once your Malaysian Ringgit currency is on its way to you and this mail will include your tracking details.
We use Royal Mail Special Delivery which is a fully insured and secure home delivery service
You can receive your Malaysian Ringgit as early as next working day direct to your home.
The Ringgit is the official currency of Malaysia and the legal tender is issued by the "Bank Negara Malaysia". The word ringgit means "jagged" in Malay and originally referred to the serrated edges of silver Spanish dollars which was widely circulated in the area during the Portuguese colonial era. In August 1975, the Malay name "Ringgit" was officially accepted to denote Malaysian currency and is represented as RM.
Between 1995 and 1997, the ringgit was trading as a free float currency however, after the year's East Asian financial crisis in September 1998, the Bank Negara Malaysia pegged the ringgit to the US dollar. On July 21, 2005, Bank Negara announced the end of the peg to the US dollar immediately after China's announcement of the end of the renminbi peg to the U.S. dollar.
Bank Negara Malaysia first issued Malaysian dollar banknotes in June 1967 in $1, $5, $10, $50 and $100 denominations. The $1000 denomination was first issued in 1968. Malaysian banknotes have always carried the image of Tuanku Abdul Rahman, the first Yang di-Pertuan Agong of Malaysia and long followed a colour code originating from colonial times. Change is now happening in terms of the fibres used to produce the currency and according to Bank Negara, all paper banknotes will eventually be phased out and replaced by polymer notes for added security and durability.
If you are planning to travel to Malaysia, The Currency Club offers the most competitive tourist exchange rates for Malaysian Ringgit. We offer an integrated online platform that provides members with greater transparency with all currencies supplied with direct access to the live interbank exchange rate before confirming your best exchange rate.