In Malaysia, Currency conversion poses no problem. Read more about money exchange in Malaysia.

Malaysia Currency Exchange

Currency is the main concern while traveling to distant places. In a country like Malaysia, money conversion is really easy. All you have to do is simply walk into any high street bank or bureau de change and exchange your currency. If you're carrying traveler's cheques, then too, you can convert them into Ringgit (MYR) at banks and authorized money changers all over the country. Pound Sterling is the best currency to exchange, however Dollar (USD) also makes a good deal.

Each and every commercial bank is endorsed to deal in foreign exchange, be it foreign currency or traveler's cheque. Credit / Debit Cards of American Express, Diners Club, MasterCard and Visa are accepted countrywide. Apart from banks and money exchangers, major hotels are also approved to exchange foreign currency provided in notes and traveler's cheques. Always prefer converting your money at main tourist centers because it could be difficult to exchange in other areas.

Some large departmental stores also deal in currency exchange. To get better value for your money while avoiding additional exchange rate charges, it is always recommended to carry traveler's cheques in Pounds Sterling, US Dollars or Australian Dollars. Banks usually charge US$2-3 for each money conversion transaction. Though Money changers are faster to deal with and don't charge commission, their rates are changeable.

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