Best Method to Convert Malaysian Ringgit (MYR) Back to Australian Dollar (AUD)

Hi all,

I've been helping my in-laws pay for some stuff when they visit here (flights and accommodation) and soon will be helping pay for my sister-in-law who is coming over from Malaysia to study at a uni here. Her uni fees are quite expensive so just trying to help them out as much as possible as the amount of MYR to AUD is quite significant.

I've looked into Transferwise but they don't do MYR yet.

If anyone has suggestions, I'd be happy to hear some :) Thanks in advance!

Comments

  • -1

    Your best option is Money changers and banks in Malaysia. MYR is not officially tradeable overseas. As such, conversion rate outside of Malaysia is really bad.

  • if its a big amount just use bank TT. Maybank rates are usually quite good.

  • I see you are in Brisbane.
    Perhaps some local Ozbargain users travelling through KL want to buy some currency?
    I would consider it if I was going to Malaysia and lived in Brisbane - especially if you offered competitive exchange rates.

  • I am in Brisbane going to KL in Feb.
    I can exchange some Ringit to AUD

    • I'll be in KL for CNY, back to Bris around 8 Feb 2019. So we could possibly meet in KL if I don't find another way for them to transfer me the $ by then. Just PM closer to the date when you head over and we can see how we go from there.

      • I'll be there on the 3rd of Feb let me know.

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