Malaysian Ringgit
MYR
The money
The official currency of Malaysia is the ringgit and is abbreviated to the currency code RM or MYR. Each ringgit is divided into 100 sen and is issued by the Bank Negara Malaysia.Translated from Malay, ringgit is the - now obsolete - term for ‘jagged’; named as such due to the serrated edges of silver Spanish dollar coins used during the Portuguese colonial era. The ringgit was introduced in 1993 to replace the Malaysian dollar, which was used from 1967. The most commonly used bills for Malaysian ringgit are the 1, 5, 10, 20, 50 and 100 notes.
- Currency
- Malaysian Ringgit
- Code
- MYR
- Symbol
- RM
- One Australian dollar
- 2.7782 MYR
Bank notes
- RM 1
- RM 5
- RM 10
- RM 20
- RM 50
- RM 100
Coins
- 5 sen
- 10 sen
- 20 sen
- 50 sen
We supply notes only. Coins are listed so you know what the change in your pocket is worth.
What things cost in Malaysia
The left column is what the guide records locally. The right column is that same figure through today’s rate — the arithmetic we would do for you at the counter, done here instead.
| Everyday price | Ringgit | Australian dollars |
|---|---|---|
| Three-course meal for two, mid-range restaurant | 60 | A$21.60 |
| Bottle of water | 1.3 | A$0.47 |
| Tourist T-shirt | 30 | A$10.80 |
Converted at 1 AUD = 2.7782 MYR, our online rate as at 7 Sep 2026, 14:28. Local prices are a guide to what you will pay, not a quote.
How much to take
Set the trip and the calculator prices it in MYR, using the same rate as the figures above.