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Malaysia Shopping & Malaysia Exchange Rate

 
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    Shopping in Malaysia ranges from exclusive department stores to street markets. Bargaining is expected in the markets, unless fixed prices are displayed. Kuala Lumpur is a popular shopping destination, rivaling Singapore and Hong Kong. Suria KLCC, a shopping mall with a spectacular fountain, gardens and a beautiful piazza, houses a great selection of leading couture outlets. Times Square, the city's largest mall, the new Pavilion complex, Star Hill and Lot 10 are popular shopping centers. The islands of Labuan
    and Langkawi are duty-free zones. Cameras, pens, watches, cosmetics, perfume and electronic goods are available duty-free throughout Malaysia. Malaysian specialty goods include Royal Selangor pewter, silverware and brassware, batik, jewelry, pottery and songket brocade. Enquire at Malaysian Royal Customs and Excise about claiming cashback on duty-free goods.



    Shopping hours
    Most shops keep their own opening hours, usually within the range of 1000-2200.

    Currency Information:

    Currency
    Ringgit (MYR; symbol RM) = 100 sen. Notes are in denominations of RM100, 50, 10, 5, 2 and 1. Coins are in denominations of 50, 20, 10, 5 and 1 sen. The Ringgit is often referred to as the Malaysian Dollar.

    Currency Exchange
    The best currency for exchange is the Pound Sterling, but US Dollars are also widely accepted. All commercial banks are authorized foreign exchange dealers; major hotels are only licensed to buy or accept foreign currency in the form of notes and traveller's cheques. It may be difficult to exchange foreign currencies outside the main tourist centers.

    Credit/Debit Cards and ATMs
    American Express, Diners Club, MasterCard and Visa are widely accepted.

    Traveller's Cheques
    Accepted by all banks, hotels and large department stores. To avoid additional exchange rate charges, travelers are advised to take traveller's cheques in Pounds Sterling, US Dollars or Australian Dollars.

    Currency Restrictions
    Restrictions apply.

    Banking Hours
    Mon-Fri 0915-1630 (some branches open on Saturdays). Banks in Kelantan and Terengganu open Sun-Thurs 0915-1600/1630.

    Exchange Rate Indicators
    DateJan 09
    £1.00=RM5.12
    $1.00=RM3.50
    €1.00=RM4.70



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