Experience of Exchanging Vietnamese Dong to Malaysian Ringgit When Traveling

Malaysia is one of the most attractive travel destinations in Southeast Asia. To prepare for your journey to explore this beautiful island nation, besides booking flight tickets and hotels, exchanging Vietnamese Dong to Malaysian Ringgit is also an important step. Being well-prepared by learning about Malaysian currency denominations to Vietnamese Dong, where to exchange Vietnamese to Malaysian currency, etc., will help travelers have a smooth and economical trip.

If you still have no experience in exchanging Vietnamese Dong to Malaysian Ringgit, let Vietjet guide you through the information below. This article will help you understand the currency exchange process, from where to exchange, how to compare rates, and necessary considerations.

1. Malaysia's Official Currency

The official currency in Malaysia is the Ringgit (symbol: MYR). The name "Ringgit" comes from Spanish, referring to the jagged edges of early dollars.

Before the Ringgit, Malaysia used several currencies such as the Straits Settlements dollar. After historical changes, the Ringgit was introduced and went through several development stages. Initially, the Ringgit used the RM symbol, later changed to MYR for international standardization.

Ringgit is issued in both paper notes and coins. The national flower of Malaysia, the hibiscus, appears on every denomination. Denominations include: 5 sen, 10 sen, 50 sen, 1 Ringgit, 5 Ringgit, 10 Ringgit, 20 Ringgit, 50 Ringgit, and 100 Ringgit.

Experience of Exchanging Vietnamese Dong to Malaysian Ringgit

When Traveling To prepare for a journey to explore the beautiful island country, exchanging VND to MYR is a crucial step.

See more: Travel to Malaysia: Attractions, Food, Cheap Flights

2. Exchange Rate from Vietnamese Dong to Malaysian Ringgit

Knowing the Ringgit exchange rate helps you proactively plan your budget and estimate how much Vietnamese Dong you need to exchange for your trip. Note that exchange rates fluctuate daily, and there will be a difference between buying and selling rates.

As of November 15, 2024, according to bank data, 1 Malaysian Ringgit equals 5,679.45 Vietnamese Dong.

Here are the detailed exchange rates:

Ringgit (MYR)	Equivalent in VND
5 sen	~28 VND
10 sen	567.945 VND
50 sen	2,839.725 VND
1 Ringgit	5,679.45 VND
5 Ringgit	28,397.25 VND
10 Ringgit	56,794.5 VND
20 Ringgit	113,589.01 VND
50 Ringgit	283,972.52 VND
100 Ringgit	567,945.04 VND

3. Where to Exchange Malaysian Currency?

3.1 Exchange at Vikki Digital Bank

Exclusive for Vietjet passengers with round-trip tickets to Malaysia, you can exchange MYR at Vikki Digital Bank. Developed in partnership with HDBank, Vikki offers:

Competitive rates
Receive currency the same day at HDBank branches nationwide
No service cancellation fee

When Traveling Currency exchange at Vikki Digital Bank exclusively for Vietjet international flight passengers.

Steps:

Visit the website Vietjet or Vietjet Air app on Android | IOS.
Choose "My Flight"
Enter booking code, last name, and first name
Select “Register to Buy Foreign Currency”
Enter the desired amount and passport number
Select HDBank branch to collect the currency
Upload passport and visa (if any)
Confirm terms and click “Register Now”

See detailed instructions HERE!

3.2 Other Methods to Exchange in Vietnam

3.2.1 At Commercial Banks

Exchanging at banks is the safest option. Large banks offer transparent rates and secure processes. However, procedures can be time-consuming and limited to business hours.

3.2.2 At Licensed Foreign Exchange Companies

Ensure you choose reputable and licensed companies to avoid scams.

3.2.3 At Gold Shops

Faster process and flexible hours, but higher risk of unstable or unfavorable exchange rates.

3.2.4 Through Travel Community Groups

Fast, convenient, and better rates, but higher risk of fraud. Verify the reliability of the exchanger.

3.3 Exchange Malaysian Currency in Malaysia

3.3.1 Exchange at Airports

At airports in Malaysia, there are foreign exchange counters available. These counters are usually operated by banks such as Bank Islam and Maybank. Here, the exchange rates and Malaysian currency denominations to Vietnamese Dong are clearly listed, allowing you to easily make a selection when transacting.

The airport systems in Malaysia that offer currency exchange services include:

Kuala Lumpur International Airport (KLIA/KLIA2)
Penang International Airport
Kota Kinabalu International Airport
Kuching International Airport

Kuala Lumpur International Airport is one of the airports offering currency exchange services.

3.3.2 Exchange at Currency Exchange Locations

Aside from the airport, travelers can also exchange money at major shopping centers throughout Malaysia. Below are some addresses where you can find currency exchange counters if you need to make a transaction:

Alamanda Shopping Center: Jalan Alamanda, Presint 1, 62000 Putrajaya, Wilayah Persekutuan Putrajaya
IOI City Mall: 62502 IOI Resort City, Wilayah Persekutuan Putrajaya
Berjaya Times Square: Berjaya Times Square, 1, Jalan Imbi, Imbi, 55100 Kuala Lumpur, Federal Territory of Kuala Lumpur

Knowing the exchange rate of Malaysian currency helps you calculate how much Vietnamese Dong you need to convert for your trip.

4. What to Prepare Before Exchanging Money to Malaysian Ringgit

After learning where to exchange Vietnamese Dong to Malaysian Ringgit, there are a few things you should prepare to ensure a smooth and safe currency exchange process:

Citizen Identification (ID card): This is a mandatory document when performing currency exchange transactions at banks or authorized money changers.
Flight Ticket: If exchanging at a bank, you’ll also need to present your flight ticket to prove your travel purpose.
Required Amount: Depending on the purpose of your trip, duration, and your budget, each traveler will need a different amount of Ringgit. To determine how much to exchange, calculate your minimum daily expenses in Malaysia and add other trip costs (such as entrance fees, shopping, etc.). Also, set aside a contingency fund for unexpected costs. You may refer to estimated expenses to determine a suitable exchange amount.

5. Important Notes When Exchanging Malaysian Currency

5.1 How to Identify Malaysian Currency Denominations

1. Coins

Malaysian coins have 4 denominations. You can distinguish them by the following features:

5 sen & 10 sen: Made of stainless steel with a silver color and nearly smooth edges. Both have 14 dots and five horizontal lines on one side. The other side has unique designs:
5 sen: Pattern representing the Kadazan-Dusun ethnic group’s woven fabric
10 sen: Pattern inspired by Meh Meri ethnic weaving

20 sen & 50 sen: Mainly made of copper with a golden color. Both have 14 dots and five lines on one side.

Note: Unlike Thailand, where coins are widely used, coins are less common in Malaysia. Prices are often rounded to the nearest paper Ringgit amount.

2. Banknotes

Malaysian Ringgit banknotes are widely used. All front sides of the notes feature the portrait of the King of Malaysia – Yang di-Pertuan Agong. Each denomination has its own color and unique reverse side illustration:

1 Ringgit: Light blue, reverse side shows Wau Bulan (a traditional Malaysian kite)
5 Ringgit: Dark green, reverse side features the rhinoceros hornbill – Malaysia’s national bird
10 Ringgit: Red, reverse side features the Rafflesia flower
20 Ringgit: Orange, reverse side shows hawksbill turtles (an endangered species in Malaysia)
50 Ringgit: Light blue, reverse side shows an oil palm tree – a symbol of Malaysia’s agriculture
100 Ringgit: Purple, reverse side depicts Mount Kinabalu and the rocky peaks of Gunung Api Valley

The 100 Ringgit note is purple, with the King’s portrait on the front and Mount Kinabalu on the back.

5.2 Tips to Detect Fake Malaysian Ringgit Notes

Paper Material: Genuine Ringgit notes are made from high-quality cotton paper, which feels firm and smooth. Fake notes usually use lower-quality paper that feels rough and crumples easily.
Raised Details: Check for embossed details like the signature, serial number, and illustrations. On genuine notes, these are sharp and have depth.
Hidden Images: Some notes have hidden images that become visible only when tilted under light.
Color-Shifting Ink: Some parts of the note change color when viewed from different angles under light.

Hopefully, the useful information above on exchanging Vietnamese Dong to Malaysian Ringgit will help you be well-prepared for your trip. Additionally, for a smoother journey to explore Malaysia, don’t forget to book your flights early for better options and lower prices.

Still don’t know where to buy flights to Malaysia?

You can consider booking through Vietjet:Vietjet currently operates various direct routes to Malaysia from different cities across Vietnam. These flights are frequent and offer a wide range of departure times, allowing flexibility in planning.

Super affordable fares starting from only 240,000 VND.
Special promotions: Don’t miss the “0 VND” international flight Flash Sale happening daily from 12 PM to 2 PM.See details HERE.