Malaysia Currency

Penang does not accept trading in foreign currency except Malaysia currency which is in "ringgit". So, make sure that you change your local currency to Malaysia ringgit first before paying for your stuff here. Of course, credit card is also widely acceptable here, but only in shopping malls or some shops but not at the hawker centre or night market where you'll need to pay by cash.

You can either change your currency at your home country before coming to Penang or you can change your currency here. There are many license money changers around just about in every corner of Penang.

Use the currency converter tools below to check the value of your country currency. US dollar and Pound sterling is widely accepted foreign currency.

For your information, Malaysia issue notes which are in the denomination of RM1, RM2, RM5, RM10, RM50 and RM100. As for the shillings - 1 cent, 10 cent, 20 cent and 50 cent are very common.

Do take note that the previous shillings of 1 ringgit are no longer a legal tender. So, if you do come across this type of shillings - insist on 1 ringgit notes unless of course you want to keep it as your memorable.

Traveler’s checks are acceptable at all banks, hotels and major shopping centre. A 5% government tax as well as 10% service charge is added into most bills thus making tipping unnecessary but unless if you insist otherwise.