Being a Forex marketplace, every money changer competes with others. They will always offer you the best rate, so that they get your order. You may not get the same rate if you directly walk in to the same store.
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- Louis T. Cherian, Bangalore
Complete process was very hassle free, right from choosing of exchange rate, confirmation of order and receiving money. I am sure I wouldn`t have got this exchange rate and service quality if I directly walked in to anyone of the forex vendors
- M Aditya Karan, Hyderabad
The entire experience was really smooth. I selected selected a vendor who would do door delivery. Got a quote instantly and the currency delivered in few hours. Will highly recommend this service.
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I have used their services twice and it was a hassle free experience. I would definitely recommend to anyone who needs forex.
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Highly delighted. Best exchange rates and good back up support. Overall, an awesome experience. One hundred percent recommended. Hope to deal with them again.
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Compare Rates offered by RBI authorized money changers in your city
Choose a money changer & book your order for buying Malaysian Ringgit
Submit the KYC documents & make the payment directly to the money changer
You can now collect the currency from the store or can avail door delivery!
The Malaysian Ringgit represented as RM or MYR is the official currency of Malaysia. The currency is issued by the monetary organisation Bank Negara Malaysia as banknotes of 1, 5, 10, 20, 50, 100 RM and coins of 5, 10, 20, 50 Sen, the subunit of the Ringgit. The Ringgit has an exchange value of 12- 17 Indian Rupees. The currency is one among the most transacted because of the popularity in the low budget tourist destinations of Malaysia. Many among the residents of the nation are also of Indian origin who has permanently settled in the country for employment opportunities. Malaysian Ringgit can be exchanged or bought with the help of ExTravelMoney through simple and hassle-free steps.
If you are a resident Indian, then you carry cash up to US dollar 3000 or its equivalent in Malaysian ringgit and a total of up to USD 10,000 in forex card or traveller’s cheques. Calculate the equivalent quantity of Malaysian ringgit by using the currency converter to convert Malaysian ringgit to INR.
The best way to take money to Malaysia would be through a combination of cash, forex card, and debit/credit card as backup. Majority of your money would be safer and easily usable in a forex card (about 60%). The rest 40% can be carried as cash. Use your credit/debit card as backup money in case of some emergencies or unexpected circumstances where the only possibility of payment is through them.
Yes Malaysian ringgit prepaid card is available and can be purchased from your bank or from a RBI licensed money changer store in your locality.
If your Indian debit card is enabled for international transactions then you can use it in Malaysia without any problems. However, using a debit card abroad has many extra charges associated with it which may eat away your money really fast. Instead of overspending by paying your bank unnecessary charges, consider buying a prepaid forex travel card for your Malaysian trip and save money on currency conversion charges, unfair bank exchange rates and Dynamic currency conversion (DCC) charges. For further information, read about the forex card advantages over debit and credit cards.
The Malaysian ringgit is the official currency of Malaysia and as such is the only legally accepted tender there. There may be a few shops or business establishments which might accept Singapore dollars as payment. However, even in that rare chance, the exchange rate they would offer you would be atrocious and you’ll lose a significant portion of your money. It is better to convert your Singapore dollars to Malaysian ringgit by visiting a bank or money changer store.
Again, there may be few establishments in Malaysia willing to let you pay in US dollars but the exchange rate they quote would be unfavourable to you. Approach banks or licensed money changers to get your US dollars exchange to Malaysian ringgits at better exchange rates. You’ll have the added freedom to use Malaysian ringgits to pay for payments anywhere within the country without having to worry if they’ll accept the currency.
Yes you can. Better yet, you can compare which money changer in your city gives the best rate for Malaysian ringgits through ExTravelMoney and easily convert your Malaysian ringgits to Indian rupee. You can sell currency online and even get door pickup of your foreign currency.
Whether you are looking to buy Malaysian ringgits online or sell them, the whole process will be completed within the same day through ExTravelMoney. If you have opted for home delivery of the currency, it will take place within the same day, if your transaction is completed before 5:oo p.m. Your transaction is considered complete when the money is credited to the money changer’s bank account or deposited at their store (depending on your chosen payment method).
The documents required for buying Malaysian Ringgit in India are;
1. A valid Indian Passport
2. A confirmed air ticket to Malaysia showing travel within 60 days
3. Valid Visa
A person can buy foreign currency within 60 days of their date of travel abroad. This rule is mandated by RBI. In case, a person is not able to utilise this foreign exchange within the above prescribed period they are required to surrender it to an RBI licensed bank or forex dealer.
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