Malaysian Currency

The local currency is Ringgit Malaysia (RM) and it is currently pegged at RM3.80 to US$1.00.

Major hotels and larger establishments readily accept currencies such as US$, Pound Sterling, Euro, Deutch Marks, Japanese Yen, and Australian$. Foreign currencies can be readily exchanged to local currencies at a bank or moneychanger. Banks are open from Mondays to Fridays (09:30 – 15:30) and Saturdays (09:30 – 11:30) except for the first and third Saturdays of every month.

Internationally known credit cards including American Express, Visa, MasterCard, Diners Club, and JCB are accepted at the hotels as well as larger establishments in Malaysia.

Travelers checks are accepted at banks, hotels, and large departmental stores.

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