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Malaysia’s currency exchange market is among the most robust and dynamic in Southeast Asia, providing convenient and reliable services to individuals and businesses. The following are the 5 largest Currency Exchange Service providers in Malaysia, renowned for their competitive rates, extensive networks, and commitment to customer satisfaction.
- Maybank (Malayan Banking Berhad)
- CIMB Bank (CIMB Group Holdings Berhad)
- Public Bank Berhad
- Hong Leong Bank Berhad
- AmBank (AmBank Group Berhad)
These institutions offer a wide range of foreign currencies, cater to both retail and corporate clients, and maintain a strong presence across the country with extensive branch networks and convenient locations.
Here’s a brief overview of each currency exchange service provider:
- Maybank: Renowned as the largest bank in Malaysia, Maybank provides comprehensive currency exchange services, including foreign currency notes, travelers’ checks, and wire transfers. With a vast network of over 2,500 branches and ATMs, Maybank offers competitive exchange rates and caters to a wide range of financial needs.
- CIMB Bank: As one of the leading banking groups in Southeast Asia, CIMB Bank offers reliable currency exchange services both online and through its extensive branch network. Their competitive rates and convenient online platform make them a popular choice for individuals and businesses seeking hassle-free currency exchange solutions.
- Public Bank Berhad: Recognized as the largest Islamic bank in Southeast Asia, Public Bank Berhad provides a full suite of currency exchange services, including foreign currency notes, travelers’ checks, and online currency exchange. With a strong focus on customer service, Public Bank Berhad has built a reputation for reliability and trust among its customers.
- Hong Leong Bank Berhad: Known for its innovative banking solutions, Hong Leong Bank Berhad offers a range of currency exchange services, including competitive exchange rates, multi-currency accounts, and specialized services for businesses. Their extensive branch network and digital platforms ensure convenient and efficient currency exchange transactions.
- AmBank (AmBank Group Berhad): As a leading financial institution in Malaysia, AmBank provides a wide range of currency exchange services to cater to both individual and corporate clients. Their online currency exchange platform offers convenient real-time currency exchange rates and seamless transactions. AmBank’s commitment to customer satisfaction and competitive exchange rates makes it a preferred choice among currency exchange users.
These 5 largest currency exchange service providers in Malaysia continue to drive the growth and modernization of the country’s financial sector, enabling seamless and secure currency exchange transactions for individuals, businesses, and international travelers alike.
The 7 Biggest Currency Exchange Service near Penang
Max Money – CIQ
- Address: Lot 11, Level 3, Johor Bahru Sentral, Jalan Jim Quee, 80300 Johor Bahru, Johor, Malaysia
- Map: Click here
- Rating: 3.8 (12)
- Phone: +60 7-221 3506
- Website:
- Opening hours:
Monday: 8:00 AM – 12:00 AMTuesday: 8:00 AM – 12:00 AMWednesday: 8:00 AM – 12:00 AMThursday: 8:00 AM – 12:00 AMFriday: 8:00 AM – 12:00 AMSaturday: 8:00 AM – 12:00 AMSunday: 8:00 AM – 12:00 AM - Reviews:
in the last weekSame as one lady reviewed before. I didn’t check the money on spot and noticed only after I went in my hotel that it was RM39 short. They obviously took advantage of the fact that I’m a tourist and probably too gullible.. Please be aware here! Check what amount you’re giving and which you should be receiving.5 months agoChanged money today, and then my bad I didn’t check it on the spot. When I reached home, then I counted it. It was RM300 short. Guys please don’t get cheated like me. This money changer is ????????4 years agoThe rate is good but the staff name Ester Marietta is very rude.Whenever I change money she will return back the money in a bad manner.She will just throw the money?..What the hell!!!Few times i encounter this situation.I really hate to change money if i see she is on duty.I will try not to change the money with her.Really bad attitude and service.If you not happy working please find any other job that suits you.a month agoGood exchange your money here6 years agoGood customer service very efficient
Kanson Forex Sdn Bhd (600379V)
- Address: 75, Jln Masjid Kapitan Keling, George Town, 10200 George Town, Pulau Pinang, Malaysia
- Map: Click here
- Rating: 4.7 (13)
- Phone: +60 4-225 0275
- Website:
- Opening hours:
Monday: 9:00 AM – 7:00 PMTuesday: 9:00 AM – 7:00 PMWednesday: 9:00 AM – 7:00 PMThursday: 9:00 AM – 7:00 PMFriday: 9:00 AM – 1:00 PM, 2:30 – 7:00 PMSaturday: 9:00 AM – 7:00 PMSunday: 10:00 AM – 7:00 PM - Reviews:
4 weeks agoGreat and personalized service by Mr. Riyaz. Looking forward to have more businesses with him. Thanksa month agoDeceiving customers and not exchanging money according to standard currency. I advise everyone not to go to this store to exchange money.???a year agoAlways pleasant experience, the rates are more than fair, the person behind the counter is very polite and friendly. Can wholeheartedly recommend.6 months agoRiya at Kanson Forex is definitely a helpful person to assist me with the currency exchange. Good experience!2 months agoGood service, best price, well knowledge, good advise.
Hasani Munawarah Exchange Sdn Bhd (HME) Prangin Mall Money Changer
- Address: Lot G-11, Prangin Mall, 33, Jalan Dr Lim Chwee Leong, 10100 George Town, Penang, Malaysia
- Map: Click here
- Rating: 4.7 (413)
Suria Muhabat Sdn Bhd Gurney Plaza – Money Changing & Remittance
- Address: B1-40, Gurney Plaza, 170, Gurney Dr, Georgetown, 10250 George Town, Penang, Malaysia
- Map: Click here
- Rating: 4.7 (99)
Lotus Remit Komtar
- Address: A1-01, Komtar, Komtar, Jln Penang, Georgetown, 10000 George Town, Pulau Pinang, Malaysia
- Map: Click here
- Rating: 5 (484)
M.S.K.M MOHAMED HANIFFA FOREX SDN BHD
- Address: 59, Jln Masjid Kapitan Keling, George Town, 10200 George Town, Pulau Pinang, Malaysia
- Map: Click here
- Rating: 4.5 (73)
Rahimas Forex Sdn. Bhd.
- Address: 389-C, Jalan Burma, Pulau Tikus, 10350 George Town, Pulau Pinang, Malaysia
- Map: Click here
- Rating: 3.7 (16)
Explore prominent consulting firms in neighboring countries, such as those referenced in Kuala Lumpur, Pakse and Luang Prabang, to gain insights into the dynamic business landscape of ASEAN. These firms contribute to the region’s enterprise vibrancy, positioning Penang, Malaysia as a hub for strategic insights and innovative solutions.
Top Currency Exchange Service Alternatives in Penang
The Biggest Currency Exchange Service in Malaysia
When it comes to currency exchange services in Penang, there are several options available. Here are the top three alternatives that are very popular:
- Money Changers: Money changers in Penang are a convenient option for currency exchange. They are usually located in busy areas such as shopping malls and provide competitive rates. It is important to compare rates from different money changers to get the best deal. Money changers may charge a small commission for their services, so it’s wise to inquire about any additional fees before making the exchange.
- Banks: Banks are another popular option for currency exchange services in Penang. Most major banks have dedicated counters for foreign currency exchange. One advantage of using banks is that they generally offer competitive rates and transparent fee structures. However, during peak tourist seasons, the queues at bank counters can be long, so it’s advisable to plan accordingly and allocate sufficient time for the transaction.
- Online Currency Exchange Platforms: With the advancements in technology, online currency exchange platforms have gained popularity. These platforms allow users to exchange currencies conveniently from the comfort of their homes or offices. They offer competitive rates and sometimes even waive service charges. However, it’s essential to ensure the platform is reputable and legitimate before making any transactions. Additionally, online currency exchange platforms may have minimum transaction limits, so it’s important to check the terms and conditions beforehand.
Overall, when choosing a currency exchange service in Penang, it’s crucial to compare rates, consider convenience, and inquire about any additional fees or charges. Whether opting for money changers, banks, or online currency exchange platforms, it’s advisable to be cautious and ensure that the chosen service is secure and reliable.
Thank you for taking the time to read our article. For more in-depth reviews and comprehensive ratings on the Currency Exchange Service spots, please explore the recommended articles listed below.
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