Need To Find A Money Changer

Posted on: October 25th, 2011 by Adrian No Comments

Money Changers are readily available

Travelers’ cheques is a safe way to travel with your money. Most traveler will have some Travelers’ cheques with them, along with their local currency, a credit card and a bank debit card. First order of business, change some of your cash to the local currency, the Malaysian Rinngit (RM or MYR in bank-speak).

Money changers are available at the airport, unless you arrive on a late flight since they close at night. Although some retailers might be happy to accept your currency, the rate of exchange will not be in your favor.

Malaysia Currency, also called RMTravelers’ cheques and foreign currencies can be exchanged for Malaysian Ringgit at banks and hotels. All hotels will charge a nominal fee for currency conversion. Banking hours are from 9am to 4pm.

However, there are also money changer kiosks available at major shopping complexes and malls. They always seem to offer a better exchange rate than the banks and they are a lot more convenient. I am not sure if they are opened for business on Sundays, it might depend on which shopping complex you go to.

Here is a list of places where you can change money

  1. The Airport – Kota Kinabalu International Airport (KKIA) or Terminal 2 (T2)
  2. Shopping Complexes – You get the best rates here, just look for a money changer sign
  3. Hotels and Resorts – You will be charged a nominal fee for currency conversion
  4. Banks – Most open from 9am to 4pm

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