Buy Malaysian Ringgit online at the Best Rates in India
Planning an international trip or studying in Malaysia? Buy Malaysian Ringgit easily with Supreme Forex, your trusted RBI-authorized currency exchange partner. We offer competitive rates, full transparency, and a seamless online process. Check the Malaysian Ringgit Buying Rate today and lock in the best MYR to INR buying rate. Experience fast, secure, and hassle-free currency exchange with Supreme Forex.
Live Malaysian Ringgit Buying Rate Today (MYR/INR)
About Malaysian Ringgit (MYR)
The Malaysian Ringgit (MYR) is the official currency of Malaysia, abbreviated as RM. Issued by Bank Negara Malaysia, the Ringgit is subdivided into 100 sen. Known for its vibrant, polymer-based banknotes, MYR reflects Malaysia’s rich cultural and natural heritage. It is widely used in Southeast Asia for trade and tourism.
Quick Facts:
Currency Code: MYR
Symbol: RM
Subunit: 100 sen = 1 Ringgit
Central Bank: Bank Negara Malaysia
Common Banknotes: RM1, RM5, RM10, RM20, RM50, RM100
Popular Coins: 5, 10, 20, 50 sen
Currency Type: Fiat currency
Common Use: Travel, trade, retail purchases in Malaysia
History of Malaysian Ringgit
The Malaysian Ringgit (MYR), introduced in 1967, replaced the Malaya and British Borneo dollar. Managed by Bank Negara Malaysia, the Ringgit has evolved through economic reforms and fluctuating oil prices. It was unpegged from the USD in 2005, adopting a managed float system. Historically, 1 MYR to INR ranged between ₹12–₹19 over the past two decades. Rates peaked around ₹19 in 2013 and have hovered near ₹18 in recent years, influenced by trade, inflation, and global market trends.
Different Purposes for Buying Malaysian Ringgit
Traveling Abroad
International Travelers tend to carry some cash in Malaysian Ringgit for transactions.
Studying Abroad
Students studying abroad need Malaysian Ringgit to pay tuition fees and other expenses
Business purposes
Businessmen who deal in the import & export of various goods need Malaysian Ringgit.
Where to Buy Malaysian Ringgit in India?
Banks
The most conventional method for buying Malaysian Ringgit is visiting a bank. Moreover, even after standing in long queues, you might not get the favorable rate.
Local Money Changers
An Authorized money changer often provides competitive rates. However, the rates are not fixed. The process can be quite frustrating and is not the best way to buy Malaysian Ringgit.
Airports
Buying Malaysian Ringgit from airport should be your last resort. As airports charge extremely high exchange rates, it is not an ideal choice.
Forex Platforms
The simplest and most convenient way to buy Malaysian Ringgit is through a reputable forex platform like Supreme Forex, offering the best MYR to INR buying rate without any hidden fees.
Document needed to buy MYR
1
Copy of Passport
2
Valid Visa
3
PAN Card
4
Aadhar Card
5
Confirmed Air Tickets
How to Identify Counterfeit Malaysian Ringgit Notes?
To identify counterfeit Malaysian Ringgit notes, check for security features like the watermark portrait of the first Yang di-Pertuan Agong, embedded security thread, and color-shifting security stripe. Feel the texture, genuine notes have raised print. Hold the note to light to see clear windows and microtext. Use ultraviolet (UV) light to check for fluorescent elements. Compare with a genuine note for discrepancies in size, color, and alignment.
How to Buy Malaysian Ringgit with Supreme Forex
Select Product and Currency (Ringgits)
Choose the product and amount. Select the needed amount, delivery location, and currency type (MYR)
Expert Guidance
After submitting necessary traveler details, our expert guides will call you. Our currency professionals offer the best prices and timely service to meet your requirements.
Submit Documents
You’ll need valid ID proof such as Aadhaar card, PAN card and Passport. Additionally, other travel-related documents like a visa and ticket will be required.
Exchange Currency
At last, you can have it delivered to your door or pick it up. Schedule shipping to your home for doorstep delivery or pick it up at the nearest branch from your location.
Trusted by International Travellers for all their currency needs
22+
Branches across India
29+
Years of Forex Expertise
2 Lac+
Travelers Helped
FAQs About Buying Malaysian Ringgit
Everything you need to know about our services. Can’t find the answer you’re looking for? Please chat to our friendly team.
Where can I buy Malaysian Ringgit (MYR) in India?
You can buy MYR from authorized forex dealers like Supreme Forex, banks, or airport counters. For better rates and convenience, choose online platforms that offer doorstep delivery and secure transactions.
Is it Safe to Buy Malaysian Ringgit Online?
Yes, it is safe to buy MYR online with Supreme Forex. Additionally, as an RBI-authorized platform, Supreme Forex ensures secure, encrypted transactions for a hassle-free experience.
How much MYR can I carry from India?
As per RBI regulations, Indian residents can carry foreign currency equivalent up to USD 3,000 (approx. MYR 14,000) in cash and the rest in forex cards or travelers’ cheques under the Liberalised Remittance Scheme.
Is it better to buy MYR before traveling to Malaysia?
Yes, buying MYR in India offers better exchange rates compared to airports or local exchanges in Malaysia. It also saves time and ensures you’re travel-ready on arrival, especially for immediate expenses.
Are forex cards a good option for carrying MYR?
Yes, forex cards are a secure and convenient way to carry MYR. They offer better exchange rates than cash, reduce the risk of theft, and allow easy swiping and ATM withdrawals in Malaysia.
How do I get the best rates for buying MYR?
Compare rates on online forex platforms like Supreme Forex. Avoid last-minute airport exchanges and opt for advance booking or rate lock-in features to secure the best INR to MYR rates.
Have a Query? Get Experts help
Can’t find the answer you’re looking for? Please chat to our friendly team.