What Currency Is RM?

What Currency Is "RM"? (UK Guide to Malaysian Currency)

If you see prices marked with RM while travelling or shopping online, you're dealing with Malaysian currency. This abbreviation is commonly used within Malaysia and by merchants who quote prices in Malaysian ringgit. This guide explains what "RM" stands for, where it's used, and what UK travellers should know when handling this currency.

What Does "RM" Mean?

RM stands for Ringgit Malaysia, the official currency of Malaysia.

• Currency name: Malaysian ringgit

• Currency symbol: RM

• ISO code: MYR

• Subunit: 1 ringgit = 100 sen

The ringgit is issued and managed by Bank Negara Malaysia, the country’s central bank.

Where Is RM Used?

The Malaysian ringgit (RM) is the sole legal tender in:

• Malaysia, including Peninsular Malaysia, Sabah, and Sarawak

• RM is not accepted in neighbouring countries such as Singapore, Thailand, or Brunei

Currency in Practice

• Prices across Malaysia are listed in RM, including accommodation, food, retail, and transport

• UK Visa and Mastercard debit/credit cards are widely accepted in cities, malls and larger restaurants

• Contactless and mobile payments (Apple Pay, GrabPay, etc.) are growing in popularity

• Cash (RM) is still commonly used, especially in local markets, taxis, and rural areas

• ATMs are widely available and dispense ringgit

FAQs

Is RM the same as MYR?
Yes. RM is the symbol, while MYR is the international currency code. Both refer to the Malaysian ringgit.

Can I use GBP in Malaysia?
No. GBP is not accepted for payment. You’ll need to pay in ringgit or withdraw from a local ATM.

Is Malaysia affordable?
Yes. For UK travellers, Malaysia is generally a budget-friendly destination for accommodation, dining, and travel.