Is there a difference in the exchange rate for small and large dollar bills, and is the difference significant?

Yes, there is a difference when exchanging currency in Malaysia between large ($50 and $100) and small bills ($1, $2, $5, $10, and $20), and it is significant. We compared and calculated the difference in the exchange rate at one exchange office in Langkawi, here's what we got:

• Rate for large (50, 100) – 3.844 ringgit
• Rate for small (1, 2, 5, 10, and 20) – 3.757 ringgit

It turns out that if you exchange $100 in small bills, you will lose 8.7 ringgit compared to large bills. This is 2.26%, and it's not a huge amount, but if you exchange a large sum of several hundred dollars, it becomes a noticeable loss. Therefore, we recommend using small dollar exchanges only for small transactions, such as when you need to exchange money upon arrival at the airport for a taxi or when you're short on cash at the end of your trip, and exchanging a whole hundred would be too much.

As for everything else you need to know about currency exchange and money in general in Malaysia, read our updated guide: Money and Currency in Malaysia – What Tourists Need to Know. Or watch our video on this topic on our channel.

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