iCambio is the trademark of Change Center, a foreign exchange office born in 1991. They have exchange offices in Madrid, Andalusia (Málaga, Fuengirola, Torremolinos, Marbella, Seville and Córdoba) and Alicante (Benidorm) and a home delivery website . More details
Today's average exchange rate for this foreign currency in the main banks in Spain. The euros to be paid by the bank will charge a commission of between 2.5% and 3%, with a minimum of € 6 to € 10 (the most expensive of the two). More details
Average prices today for this foreign currency in the two main airports in Spain: Madrid-Barajas Adolfo Suarez Airport and Barcelona El Prat. More details
Usually, the online rates of the currency providers in Spain, are more economic than those you obtain when you change directly in one of their stores.
So we advise you to make a rate comparison when before purchasing ringgits. And then either reserve online to choose the collect in store delivery method at a store of the currency exchange suppliers around you or to purchase them online choosing home delivery as delivery option. This way you will be handed the ringgits in comfort at home or the office.
Usually, to purchase or change ringgits from Malaysia, the European antimoney laundering norms require currency providers to know their customers (KYC (Know Your Customer)). This means that you will be asked to identify yourself as a buyer or seller with a a valid and current identity document (resident´s ID card (DNI or NIE) or passport).
Currency exchange is an activity like many others: there are travellers who get their currency from a retailer (the one that sells us ringgits from Malaysia). These in turn adquire that currency from a wholesaler business. The difference between what they have paid for ringgits from Malaysia and what they charge you is the profit margin they make.
However, in this currency exchange business, it may happen that the currency supplier or the bank will not buy the banknotes from a wholesale company, but alternatively buys it from a consumer that travels to Spain with ringgits from Malaysia.
In this case, in addition to making a margin for buying the banknotes from this individual, they charge you another margin when they sell you the currency. Double win!
Cambiator does not recommend buying ringgits at the airport. This should be your last alternative, as it is the least cheap.
We also do not recommend changing your ringgits in a Spanish bank since almost all Spanish banks impose on you a 3% fee, with a minimum (whichever is higher) amount of six to ten €. Unless you have the power to discuss with them avoiding the commission.
Traditionally, when we want to purchase ringgits from Malaysia in Spain we only think of banks. Yet we forget that practically almost all Spanish banks charge you a a margin on the ringgits from Malaysia that you obtain from them, besides, a fixed fee of 3% (with a minimum of between 6 and 10 euros).
This makes the currency exchange less interesting and in most cases it is much more recommended to exchange travel money at currency provider. These businesses offer the possibility of ordering your ringgits from Malaysia trough collect in store or home delivery.
As for the airport, it is always the least interesting option as it is much less interesting than the foreign currency providers based out of the airport.
There is no best time to acquire Malaysian Ringgits because the euro to Malaysian Ringgit prices change at all times depending on the strengths of the economies of the Euro countries with respect to the countries that use Malaysian Ringgits.
It is, however, advisable to be attentive to events such as Brexit, major sporting events or wars like the Ukraine one, where the price of a currency can oscillate upwards or downwards with respect to the Euro.
Although no one can predict how the Euro to Malaysian Ringgit prices will evolve, at Cambiator we help you to acquire Malaysian Ringgits at the best rate daily in Spain.
Knowing the best exchange rate to buy ringgits from Malaysia with Euros today is as easy as heading to Cambiator.es and choosing the desired currency.
Bear in mind that the rates and conditions to obtain ringgits from Malaysia that you see on our website are exclusive to be more interesting than the prices you will be applied if you go directly to the currency provider.
We do not recommend exchanging foreign currencies at a Spanish bank. They charge you a commission of around 2 to 3per cent as well as a margin.
Exchanging currency at the airport is not recommended at all when buying ringgits from Malaysia.
Usually, travel money providers in Spain have high limits for a single purchase of ringgits from Malaysia or any other currency. These maximum quantities are fixed by the Banco de España. They are related to the AML regulations and KYC (Know Your Customer) requirements
Nevertheless, these maximum quantities generally vary between 3,000 and 5,900 €, which is a lot more than what a tourist needs for their travel expenses.
When you return from your trip, you can exchange your exceeding currency, only notes not coins, (ringgits from Malaysia in this caseat your bank or your closest currency supplier.
Check the Malaysian Ringgit to Euro prices firstly and do a comparison on our website to find out the better provider. Keep in mind that your bank will charge you, another time, a fee near to 3per cent with a minimum of six to nine Euros (the greater of the two).
In Spain, presently there is no problem in buying ringgits online. Furthermore to being a very comfortable service since you buy whenever you need and a courier will do the home delivey for you, you ensure availability and you avoid fees. Besides, most travel money suppliers who deliver travel money to your place have free shipping costs with your order.
Best rate of the day (exchange euros to another currency)