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Frequently Asked Questions (FAQs) MYR-EUR

Where to sell and where not to sell MYRs to euros in France Abrir Respuesta

Generally speaking, we recommend to avoid any financial entity that imposes on you a commission additionally to a foreign exchange margin, and browse on our website the Malaysian Ringgits to euro day to day exchange rate.

Literally all banks in France charge you a three per cent commission, with a minimum (whichever is higher) quantity between 6 and 10 euros.

Keep in mind that the smaller the quantity of MYRs to change to euros, the higher the impact of this fixed commission on your personal finances.

Must I show any type of document to change ringgits to euros? Abrir Respuesta

Indeed. According to the AML regulations, the french currency providers will ask you when you exchange foreign currency to euros (and vice-versa) an updated and valid identity card. If you change ringgits to euros at least they will ask you for your passport or resident´s identity card called carte nationale d´identité.

Is it safe to order online or click and collect MYRs for euros in France? Abrir Respuesta

If you need to block the MYRs to euro rate for your trip to France, Comparer Devise recommends you to place an online order on the online store of the chosen travel money supplier.

In addition, in this way you save the possible commissions that some holiday money providers in France charge you when you change MYRs for euros directly in one of their stores.

In France if you book online on your bank's website or App, you will still be charged their foreign currency commission of around 2 to 3%, and you will be charged the exchange prices of the day of collection, not those of the day of the online booking.

Is there a limit to the amount of ringgits that I can change from an online supplier in France when I change ringgits to euros? Abrir Respuesta

The median MYR-EUR currency exhange in France of an individual who exchanges ringgits to euros is normally around the equivalent to 700 €.

If you need to change ringgits for more than 5,999 euros in value, the requirements that your travel money supplier will apply to you will be additional. That is, they could ask you to demonstrate the origin of your ringgits or your business documentation, etc.

Yet up to the equivalent in ringgits of 5900 euros per calendar quarter, the french holiday money suppliers do not generally ask you for more than the french ID card (carte nationale d´identité) or your passport to change ringgits to euros.

Is it safe to sell ringgits to euros online in France? Abrir Respuesta

Changing online ringgits to euros in France is very safe. Bear in mind that it is done with holiday money providers that need to have a licence from the Bank of France.

Furthermore, these currency providers are businesses subject to investigation and can be sanctioned if they do not comply with the anti-money laundering legislation in France to indicate with whom they exchange ringgits to euros.

How does the Malaysian Ringgits to euro currency exchange work? Abrir Respuesta

Currency exchange is an activity like many others: you have consumers who buy and sell currencies like the Malaysian Ringgits in exchange for euros to/from a retail company (the one that sells/buys from us ).

If they do not have enough amount of , they get those from a wholesaler business. The gap between what they have paid for the and what they charge you when you buy them is the profit margin they make.

However, in this currency exchange business, it may happen that the currency provider or bank does not buy the banknotes from a wholesale company, but instead buys them from an individual that travels to France with .

In this case, in addition to earning a profit for buying the Malaysian Ringgits banknotes from this person, they charge you another margin when they sell you the currency. Double win!

How can I know the best MYR-EUR exchange rate today in France? Abrir Respuesta

Getting to know the best exchange rate for the ringgits MYR with respect to the euro every day in France, is easy.

Firstly, we advise you to not belive in the prices of the currency converters you can find on the Internet. These prices are for foerign currency but not for banknotes. Additionally, they are restricted to banks. The prices you pay as a traveller are less interesting.

Secondly, we advise you to search at the direct MYR-EUR exchange rate (that 0.991 with more or less digits that you see advertised everywhere and that changes constantly).

The higher that number is, the more euros you will be handed out for every Malaysian Ringgits you give in.

For that reason, the best exchange rate will be the higher exchange rate. Comparer Devise makes it easy for you to obtain the best MYR-EUR exchange rate. Our results page sorts Euro offers from highest to lowest rate of the day in various currency suppliers, airports and banks in France.

I have previously exchanged Euros to ringgits, what can I do if I have remaining ringgits when I return to France? Abrir Respuesta

Find out from your travel money provider if your purchase qualifies for a boy back cover right. This means the right to give back a % of the ringgits of the initial order for free.

If you do not qualify for buyback, head to our Sell your currency tab, fill in the Malaysian Ringgits quantity you saved (banknotes only, not loose coins) and select your town. Comparer Devise will display the amount of Euros the different holiday money providers will offer on the day in your city for your remaining ringgits.

When is the best moment to sell ringgits to euros in France? Abrir Respuesta

There is no best time to change ringgits to euros because the MYR-EUR prices change continously depending on the strengths of the economies of the Euro countries with respect to the countries that use ringgits.

It is, nevertheless, recommended to be attentive to phenomena like Brexit, major sporting events or wars like the Ukraine one, where the price of a currency can be altered upwards or downwards with respect to the Euro.

Although no one can know how the Malaysian Ringgits to euro prices will develop, at Comparer Devise we help you to change ringgits to euros at the best rates day to day in France.

Where can I sell for euros in France today? Abrir Respuesta

In our country you can change for euros fundamentally at your bank or at the currency suppliers. As a rule of thumb banks apply a fixed fee ranging between 2.5% and 3% with a minimum of 6 to 10 euros for each travel money you do with them.

This applies when you get foreign currency and when you sell your surplus to euros. This means that if you convert the equivalent of 100 euros from to euros, additionally to the MYR-EUR exchange rate of the day, you will pay between 6 and 10 additional euros as commission. Currency suppliers that advertise no commission are more interesting since they do not impose you this commission.

Comparer Devise helps you find the MYR-EUR exchange rates of the day and displays them from most to least interesting so that you can choose well where to sell your to euros.

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