Last updated: January 2024
One of the most important things to have ready before traveling outside of Malaysia is, of course, the currency or money that you will be spending in the country you are visiting.
Due to this, currency exchange is a must for all travelers.
Not just for travelers, but also for some of us who might just receive foreign cash as a gift or who only need to make international payments.
So finding a specialist currency transfer company gives you access to expert guidance plus a range of exclusive tools and products, as well as lower transfer fees and more competitive exchange rates compared with the average high-street bank.
Finding a specialized currency transfer provider, then, grants you access to professional advice, a variety of unique tools and products, as well as reduced transfer costs and more appealing exchange rates than the typical high-street bank.
Indeed, you may exchange money with the selected money changer here in Malaysia, especially in Kuala Lumpur (KL)!
We've listed the top 10 money exchangers in KL, Malaysia, in this post so you may think about visiting one for any purpose you need.
Top 10 Money Changers in KL Malaysia
1. Antara Duit Money Changer
Antara Duit Money Changer - Money Changer KL Malaysia
In order to better serve its customers, Antara Duit Money Changer is actively developing its internet service.
As a result, you can now quickly use their online money exchange and never again walk outside in order to get your money changed.
Their customers have also provided them with a lot of support throughout their 38 years in service and in the industry.
They are also renowned for their rapid service, online currency converter, and most competitive exchange rates available.
What the Previous Customer Says…
“My gps didn’t work, after asking around and walking in circles I was directed to the lowest level of the mall under H&M. They have the best exchange rate after stopping at 4-5 different places including the airport. $100 = 424 ringgit today.” - Yen B
Services Available
- Money Exchange
- Remittance
- Exchange Rate
Address: C7, Concourse Level, Avenue K Mall, Jalan Ampang, 50450 Kuala Lumpur, Malaysia
Contact: +60 3-2161 1222
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2. Suka Money Changers
Suka Money Changers - Money Changer KL Malaysia
If you are not a fan of carrying cash with you yet you need to exchange its currency, go to Suka Money Changers as they offer online banking transfers.
With their online banking transfer, you can just easily transfer the money you will need to exchange to their account and you will have a smoother and easier transaction with them.
They are also known to have very good money exchange rates, no wonder why many of their first-time clients keep on going back to them.
Thus, their staff is also approachable and friendly to all their clients, so you won’t ever feel shy or ashamed asking such questions to them because they will wholeheartedly answer and address all your concerns, in both online queries or personal queries.
What the Previous Customer Says…
“Good exchange rate and the lady serving me is friendly and smile as well. Keep up the good services. It is just beside a 7-11.” - Cheryl Lee
Services Available
- Money Exchange
- Online Banking Transfer
Address: 95, Jln Bukit Bintang, Bukit Bintang, 55100 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
Contact: +60 3-2142 0511
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3. My Money Master
My Money Master - Money Changer KL Malaysia
My Money Master has grown into one of Malaysia's leading providers of money services to both consumers and corporations since its founding in the year 2000.
They distinguish themselves by employing knowledgeable and competent dealers and cashiers.
Additionally, they provide a range of currency exchange services at the greatest prices accessible, with unwavering service quality.
Thus, they work with more than 30 of the most widely used currencies, and they provide their clients a pleasant currency trading environment where they may acquire the best rates by exchanging one or more currencies.
What the Previous Customer Says…
“The cheapest money changer in town. Lowest rate with bigger amount. Staff was very helpful and honest. Fast service to you. Totally worth it and highly recommended.” - Hafiz Hussin
Services Available
- Money Exchange
- Exchange Rate Charts
- Plan Your Travel
Address: LG 040, LGF, Mid Valley Megamall, Lingkaran Syed Putra, Mid Valley City, 59200 Kuala Lumpur, Malaysia
Contact: +60 1-800-22-3030
4. KL Forex Currency Exchange
KL Forex Currency Exchange - Money Changer KL Malaysia
KL Forex is unquestionably a reputable money changer in KL based on the consistent 5 stars and positive ratings they continue to receive from their prior clients.
Since they have a trusted foreign exchange dealer license from the Central Bank of Malaysia, KL Forex is well renowned for providing the finest currency conversion rates for both locals and tourists.
Additionally, their past clients like them the fact that you may access their most recent exchange rate using WhatsApp.
Thus, if we are talking about the money changer in KL with the most courteous employees and cashiers, KL Forex is the greatest money changer to go here in KL.
What the Previous Customer Says…
“I like that fact that I can contact them through WhatsApp to check the currency conversion rate. The rate they offered is reasonable.” - Pansy Siew Theng
Services Available
- Money Exchange
- Worldwide Money Transfer
Address: Petronas Service Station Lot 36904 (PT 27423, Taman Dato Ahmad Razali, 68000 Ampang Jaya, Selangor, Malaysia
Contact: +60 18-259 7600
5. Idaman RMS
Idaman RMS - Money Changer KL Malaysia
Idaman RMS has established a solid and trustworthy reputation in the market after more than ten years of being in business because they offer one of the finest and most competitive currency exchange rates in KL.
Also, they utilize Ria money transfer, which is a feature that all of their clients adore because it helps and fastens their transactions.
And if you go to their actual shop, you'll be pleasantly pleased by how spacious it is and how many people it can accommodate without making you feel cramped.
What the Previous Customer Says…
“I wish i know this money changer before, i always change alot of money, the rate is alike from other money changer but what i like is their services and customer important they give.” - isad isad
Services Available
- Ria Money Transfer
- Currency Exchange
- Remittance
Address: Business Center, G 63A, Plaza Idaman, Jalan Jernai 1, Medan Idaman, Gombak, 53100 Wilayah Persekutuan, Wilayah Persekutuan Kuala Lumpur, Malaysia
Contact: +60 3-4024 6158
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6. E-Globex Kepong Money Changer
E-Globex Kepong Money Changer - Money Changer KL Malaysia
Since customer convenience and safety are always put first at E-Globex, your safety is their top priority.
They consistently pay attention to consumer demand and make sure there is enough supply to meet demand from their customers.
In order to guarantee that all of their clients are informed of the latest rates, their rates are everyday updated.
They also provide a wide range of foreign currencies, affordable exchange rates, and friendly employees that offer efficient customer service in a welcoming and safe atmosphere.
What the Previous Customer Says…
“Great rate, friendly staffs and secure.” - Angel Tan
Services Available
- Exchange Rate
- Retail Rate
- Wholesale Rate
Address: No 7, Jalan Rimbunan Raya 1, Laman Rimbunan, 52100 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
Contact: +60 3-6251 1628
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7. Merchantrade
Merchantrade - Money Changer KL Malaysia
When it comes to digital payments, mobile communications, and money services in Asia, Merchantrade is the industry leader.
As a particular online currency exchange service, Merchantrade, on the other hand, uses eForex.
According to reports, eForex Business is an online service that exchanges foreign currency for ease and flexibility for businesses and travelers on business who are traveling abroad.
With this eForex, you are able to purchase currencies online and pick them up at particular branches.
You may save the inconvenience of visiting a money changer and searching for the best exchange rates in and around KL thanks to this special feature of Merchantrade.
What the Previous Customer Says…
“Well, Im impressed!! Great exchange rates and even better customer service!!” - Brooke Noriega
Services Available
- BizPayments
- Wholesale Banknote
- Online Money Transfer
- Online Money Exchange
Address: Various Locations
Contact: 03-7727 8606
8. Akbar Money Changer
Akbar Money Changer - Money Changer KL Malaysia
Looking for a one-stop money exchange and remittance solution provider in KL?
Akbar Money Changer is the shop to go to!
They are a licensed money services business, no wonder why a lot of their previous clients keep on going back to them.
Not just because they are licensed, but also because they are true to provide the best and high-quality money-related services in KL.
They are actually one of the world‘s largest payout partners that offers competitive rates, cheap service fees, and quick processing.
What the Previous Customer Says…
“Consistent best rates and very trustworthy. Service is also very good!” - Azimah Liyana
Services Available
- Currency Exchange
- Remittance
Address: No. 19, Aras G, Wisma Prowara, Jalan Melaka, 50100 Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia
Contact: +60 3-2031 5786
9. Daily Perfect Rate (operated by Merchantrade)
Daily Perfect Rate (operated by Merchantrade) - Money Changer KL Malaysia
Daily Perfect Rate specializes in exchanging all major currencies and sending money all over the world.
They also offer great services and good money exchange rates, which their customers found good in them.
And given that they are being operated by Merchantrade, you can be so sure that you will be in very good hands when you start trusting their money-related services.
What the Previous Customer Says…
“I just came back from Japan after 3 years of living there, I don't have MYR cash so I exchange it at this store. best service, highly recommended to exchange money near here.” - screw
Services Available
- Currency Exchange
- Money Transfer
Address: E-0-1, Block E, Megan Avenue 1, 189, Jln Tun Razak, Hampshire Park, 50400 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
Contact: +60 3-2303 0202
10. MaxMoney
MaxMoney - Money Changer KL Malaysia
Who hasn't heard of MaxMoney yet?
There's no doubt that MaxMoney is well-known for converting currencies from almost any nation, so both locals and visitors in KL are already familiar with them.
In fact, MaxMoney, a huge money service company in Malaysia that transacts in banknotes with hundreds of nations worldwide, covers more than 100 foreign currencies within its operation.
Their five branches are conveniently positioned in KL, specifically near well-known marketplaces and retail centers, making it convenient and accessible for their clients to exchange money anytime.
And all of their locations have been shown to offer reasonable and good money exchange rates.
What the Previous Customer Says…
“Exchanged some forex today, better rate compared to Pavilion's money changers sometimes. Didn't scam me fortunately, but I know how much I should pay and how much I should get.” - Lauren
Services Available
- Money Transfer
- MoneyXchange
- Wholesale Banknotes
Address: Various Locations
Contact: +6018 371 8000
Guide to Money Changer in KL
Where Can I Change Currency in Kuala Lumpur?
Given our list of the top 10 money exchangers in KL, it is clear that there are many more companies or counters you may visit if you need to exchange money or obtain other financial services.
In addition, there are banks and hotels around KL where you may exchange money as well.
However, we still advise you to exchange your money at one of the open currency exchange counters that are available 24/7 at the terminals of Kuala Lumpur International Airport (KLIA) and KLIA2.
This is the preferable choice for travelers or, more specifically, tourists who will be visiting Malaysia.
There are several currency exchange counters in KL, particularly in KL City, so you will never have trouble finding one while you're here.
Where Can I Get the Best Exchange Rate in Malaysia?
If you are visiting Malaysia as a tourist, you might be able to exchange just enough money at the airport to travel into town.
After that, if you're entering the city through KL Sentral, you may exchange money there.
While the exchange shops at KL Sentral don't need you to go out of your way, they do provide slightly less than other retail districts.
So basically, KL offers better rates.
The majority like to travel to Mid Valley Mall to exchange money, but if it's only a small amount, simply exchange it wherever is most convenient.
Is it Better to Exchange Money in Malaysia?
If you want to travel to Malaysia, we advise exchanging money once you get here at one of the many exchange offices or money changers in the city.
The reason for this is that banks, hotels, and airports all charge larger commission fees for currency conversion than local money exchangers.
Because banks sometimes charge flat costs per transaction and only convert currencies during business hours, money changers typically provide somewhat better rates than banks.
Where is the Cheapest Place to Exchange Money?
As previously stated, compared to the other states in Malaysia, KL is the place to go that provides better rates for currency exchange.
With this, we have divided it into 5 specific places and spots in KL where you can go directly to get your money exchanged, whether you are a resident here or a tourist.
| Currency Exchange Center | Best Rates |
|---|---|
| Mid Valley Megamall | USD, CNY, JPY, HKD, INR, PHP, SGD |
| Central Market | USD, INR, AED, HKD, PHP, SAR |
| Chow Kit | KWD, OMR, INR, NPR, LKR |
| Suria KLCC | USD, TBH, AUD, EUR, NZD, QAR, LKR, INR |
| Jalan Sentul | OMR, INR, NPR, LKR |
Do I Need a Passport to Exchange Money in KL?
Presenting your passport is not actually required for money exchangers in KL if you are only intending to exchange a small amount of money.
You may verify for yourself the amount of money that money changers have signed up for and for which you'll need to provide passports.
However, for exchange transactions above RM3000, both locals and tourists must present identification (ID), often a passport.
Do You Need Cash in Kuala Lumpur?
Actually, even though cards are accepted in most shopping centers and major supermarkets, cash is still king in Malaysia.
Therefore, we still advise you to bring some cash with you, especially if you want to spend time in KL, as some small shops and eateries still only accept payments in cash.
Although most people living in Malaysia already choose to pay using their debit, credit, or travel cards, it is important to keep some cash on hand in case of an emergency.
It's also a good idea to have cash on hand if you're a tourist, especially if you're going to KL because the exchange rates here are good.
What Day is Best to Change Money?
To put it simply, there is no best day to convert money in Malaysia since a variety of factors, such as political and economic factors, and etc. affect exchange rates.
Some experts, nevertheless, believe that Fridays and Saturdays often provide the greatest currency exchange rates in Malaysia.
Additionally, the value of a currency might change during the day; buying is advised in the early morning or late afternoon.
Money Changer KL Malaysia
It's true that Malaysia's top money exchangers can be found only in KL.
No matter if you are a local or a tourist intending to visit the adored KL Malaysia, these top money changers in KL will never let you down with their favorable exchange rates.
Furthermore, they provide a variety of additional financial services, including remittance and money transfers, among others.
Have you already made a decision on the best money changer who caught your eye and whom you believe would be suitable for your next money exchange?
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