Local Currency Exchange | Tourists Information

The Malaysian Ringgit is equivalent to 100 cents (sen). In local trading, the currencies of neighbouring countries are often accepted, in particular, the Singapore dollar, the Thai baht and the American dollar.

The exchange rates from different world currencies are quoted by the national bank (Bank Negara) as well as by other private banks. Currently, the approximate rates for frequently traded currencies are at the websites of the banks.

Apart from the banks, many money changers are located throughout the city area, especially at Beach Street, the commercial hub, to trade in smaller denominations.

Money Changers

Licensed money changers operate all over Georgetown, particularly in Lebuh Pantai and Jalan Mesjid Kapitan Keling. They provide a convenient means of exchanging foreign currency. Rates are usually displayed on a board and are often better than the bank rates.

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