The Malaysian Ringgit rates below were last updated 2 minutes ago
If you're travelling to Malaysia soon you'll want to get the best deal on your Malaysian Ringgits. Our free comparison service compares the best Malaysian Ringgit rates from the biggest currency suppliers in the UK so you can see at a glance who is offering the top deals. We are currently comparing 19 suppliers selling Malaysian Ringgits in the UK with exchange rates ranging from 5.0779 to 5.3401.
But wait, it gets better! Many of the top suppliers listed above offer us exclusive exchange rates that are better than any other website which means if you order through us you could save even more money. We are so confident that you won't find better Malaysian Ringgit exchange rates on any other UK website that we challenge you to let us know if you find a better deal!
The Malaysian Ringgit is widely stocked and offered by many UK currency suppliers but there is little variation in the exchange rates offered despite the Ringgit being a free-floating currency.
Our statistics (1st of July to 30st of September, 2016) show that the average British tourist takes about £1998 (RM10,669.52). This is an incease from the £930 worth of Ringgits that we saw back in 2013. Malaysia is recognised as a very cheap holiday destination, but UK travellers tend to stay for longer periods of time than they would at European destinations which warrant more spending money. A typical three course meal for two in Malaysia will cost less than £10, and a bottle of Coke just 40p.
British passport holders do not need a visa to enter Malaysia and will usually be granted stay for up to three months. If you plan to stay in Malaysia for longer than three months, or if your visit is for non-tourist reasons, you should apply for a visa from the Malaysian Embassy before you travel.
Over the past week the Malaysian Ringgit has dropped by 1.60% from last Saturday's rate of 5.4267 to today's rate of 5.3401 which means £750 will buy you RM64.95 less now than it would have a week ago. During this period the best rate we recorded was 5.431 on Monday and the worst rate was 5.3345 on Thursday.
The 90 day outlook has seen the Malaysian Ringgit rate increase by 0.83% from 5.2962 on 11th September 2016 to 5.3401 today. Based on these figures, £750 will buy you RM32.93 more today than it would have three months ago. We recorded a high rate of 5.431 on 5th December 2016 and a low rate of 4.862 on 25th October 2016.
Compare Holiday Money are partners of the Foreign & Commonwealth Office Know Before You Go campaign which provides official government advice for British travellers heading abroad.
The FCO release travel alerts containing important information for travellers to any countries where the safety or security of British citizens is at risk.
Posted by Adam Silveston on 9th December 2016
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