Malaysia Travel Guide

Malaysia — Shopping

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Shopping

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

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 traveler's checks. It may be difficult to exchange foreign currencies outside the main tourist centers.

Credit Cards, Debit Cards, and ATMs

American Express, Diners Club, MasterCard and Visa are widely accepted.

Travelers Checks

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

Currency Restrictions

The import and export of local currency is limited to RM1,000 cash. There are no restrictions on the import and export of foreign currency, subject to declarations for amounts of US$10,000 or higher.