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Can we carry Indian Currency to Malaysia & get it converted

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Can we carry Indian Currency to Malaysia & get it converted

Hi

I will travel to malaysia this month, i was thinking to buy small amount of MYR in India, Carry Indian Currency & get it converted to MYR in Kuala Lampur or Langkawi.

Can we carry Indian Currency to Malaysia?

Best option for better price to convert India or Malaysia.

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Langkawi
Langkawi District, Malaysia
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8 replies to this topic
Leeds, United...
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1. Re: Can we carry Indian Currency to Malaysia & get it converted

Hi

You can, but quite often I have noticed that the money changers do not give any rates for Indian Rupees on the exchange board.

Penang Island...
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2. Re: Can we carry Indian Currency to Malaysia & get it converted

If you look at this website http://mymoneymaster.com.my you will see that today 100 Indian Rupees would buy you 6.58 Malaysian Ringgits in Kuala Lumpur. You can enter any amount you want on that website and play around with any currencies.

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Kuala Lumpur
Kuala Lumpur
Wilayah Persekutuan, Malaysia
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3. Re: Can we carry Indian Currency to Malaysia & get it converted

@Steady & PaperStoneScissors: Thanks for the reply.

its shocking to know no exchange for Indian Currency, There is no forex card available for MYR.

I heard there is 1000MYR allowed per person to Carry, im worried now on Carry currency.

I Cant carry more 1000MYR/Per Head & Cant take INR as there is no conversion, How about recent travellers how they managed to go through this, hope i get few suggestions or information

Penang Island...
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4. Re: Can we carry Indian Currency to Malaysia & get it converted

I suggest you look at www.customs.gov.my/en/tp/Pages/tp_cec.aspx

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5. Re: Can we carry Indian Currency to Malaysia & get it converted

Thanks for the update, USD is the best option I believe. Will to carry USD. Thank you all for help.

Singapore, Singapore
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6. Re: Can we carry Indian Currency to Malaysia & get it converted

INR is a restricted currency as well. The Reserve Bank of India stipulates that a person can only bring abroad up to Rs 5000 Indian currency notes (about RM335). Since the demonetization of Rs 500 and Rs 1000 notes last year, overseas money changers had stopped taking INR for a while, not sure whether it is still the case.

As for the Malaysian customs limit, it says on the website: "A resident and non-resident are permitted to carry into and out of Malaysia, ringgit notes not exceeding USD 10,000 equivalent per person." That is about RM 43,000 per person; short-term tourists usually won't need or bring money anywhere near that amount. If you can get RM notes in India, change directly to MYR might be better than change to USD and change again while you're here. Maybe you can bring a mixture of USD and MYR cash.

Besides cash, you can bring money in form of credit cards and ATM cards. Notify your bank and have them activate the overseas withdrawal function.

Edited: 18 August 2017, 05:28
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7. Re: Can we carry Indian Currency to Malaysia & get it converted

@Josh: Thanks for the details, i have plan to carry MIX of USD & MYR, so if any amount i save will get good exchange offer for USD in India.

New Delhi, India
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8. Re: Can we carry Indian Currency to Malaysia & get it converted

Better you convert your currency to MYR in India.

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