Foreign Currency Exchange
Currency Exchange in Malaysia
Currency exchange in Malaysia happens mostly in banks and authorized money changers, although major hotels are also licensed to exchange currencies in the form of traveler’s cheques and notes.
Expats, however, generally find it hard to change currencies outside major tourist spots. Most expatriate will check with its bank in home country to see if currency exchange is of interest or if a USD account will be needed at first. Expats can expect major changes to take place in their daily lives upon moving in a new country. One of the important new aspects that expats will face is often related to currency, money transfer and anything related to that new currency you will be holding on or you will be paid with.
Because the market can be unpredictably volatile, there is an even greater need to take cautious steps when looking for Exchange sevices in Malaysia. In this section, you will find the best resources to help you when searching to make the most of your malaysian ringgit. Foreign exchange specialists are here to help you.
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Deal directly with experts when you choose Currency Index for sending money abroad or receiving foreign currency payments when in Malaysia. It specializes in providing fast transfers, great rates and further details about international money transfers. It is recommendable to choose Currency Index while staying in Malaysia for your foreign currency exchange needs.
0.25% - 0.60% (Depending on volume)
£7 or £12 - No fee for transfers above £30,000
Wide range of major and exotic currencies
Bank to Bank Transfers, Spot, Forward contract, Limit or Stop Loss Order
Moneycorp tag themselves as the “exchange experts”. Let them help you while moving to Malaysia by giving you the best foreign currency exchange rates you can ever imagine. It caters not only to individuals concerned with personal transfer but also businesses that are planning to trade anywhere in the world.
0.25% - 1% (Depending on volume)
£1,000 or £250 Regular Payments
Bank to bank - one off or regular payments