Money Changers in Ipoh: 5 Counters Around Town
Money changers in Ipoh are concentrated in the New Town around Jalan Sultan Idris Shah and Taman Jubilee, with another counter in Ipoh Parade. Because Ipoh sees far fewer foreign visitors than Kuala Lumpur or Penang, there are fewer counters and no airport-style 24-hour exchange, so plan to change money in town before heading out to the caves or Cameron Highlands.
This guide covers 5 counters, each confirmed in October 2026 on Merchantrade's branch and agent list, the Western Union agent locator or the operator's own website. None of these sources publishes opening hours, so we write "Check hours before visiting". Exchange rates change daily and every counter shows its own board, so we do not quote rates.
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Money Changers on Jalan Sultan Idris Shah and Taman Jubilee
Merchantrade
Merchantrade is a Malaysian money services business with a branch at No. 118 on Jalan Sultan Idris Shah, in the central New Town. Merchantrade's contact page lists it for currency exchange, money transfer and an ATM. Phone: 05-241 8696 or 05-241 7886.
The branch handles currency exchange and remittance. Compare its board with the others on the same street before changing a larger sum.
Lotus Remit Ipoh and Western Union
Lotus Remit Ipoh is a combined remittance and money-changing counter that also acts as a Western Union agent, at No. 79 Jalan Sultan Idris Shah in Taman Jubilee. It appears as Lotus Group Ipoh on the Western Union agent locator. Phone: 05-241 0995.
It is a few doors from Merchantrade and True Ringgit, so you can compare boards on foot in a few minutes.
True Ringgit
True Ringgit is another money changer on the Jalan Sultan Idris Shah strip, at No. 84, listed as an agent on Merchantrade's list and on the Western Union locator. Directory listings give the phone number 05-242 4180, but Western Union shows 05-524 2418, so try both. No opening hours were published where we looked.
Use it as the third board when comparing the nearby counters.
E-Globex Money Changer
E-Globex is a money changer with an Ipoh branch whose live exchange rates are published on its website; directory listings place it at No. 35 Jalan Theatre in Taman Jubilee. The website gives WhatsApp +60 18-375 4928 as the contact.
Check the rates on its website before you go, and message ahead to confirm the address and opening hours, as older listings give shorter Saturday hours and no Sunday opening.
Money Changer in Ipoh Parade
Pahlawan Money Changer
Pahlawan Money Changer is at lot KG 04 on the ground floor of Ipoh Parade shopping centre on Jalan Sultan Abdul Jalil, and appears on both Merchantrade's agent list and the Western Union locator. Phone: 05-254 4000. Counters inside the mall generally follow mall hours, but individual counters may close earlier.
It is the most convenient option if you are staying in Greentown or shopping at Ipoh Parade.
Tips for Using Money Changers in Ipoh
至少比较两家的汇率牌
Licensed changers display their buying and selling rates. Look at the "we buy" column for the currency you are handing over, and compare two counters before changing more than a few hundred ringgit. On Jalan Sultan Idris Shah the counters are close enough to compare on foot in five minutes.
Change most of it before you leave Kuala Lumpur or Penang
Ipoh has fewer counters and fewer currencies in stock than the big cities. Major currencies such as US dollars, Singapore dollars and euros are normally fine, but ask before you queue if you need a less common one.
携带干净、无破损的钞票
Torn, written-on, heavily creased or very old series notes may be refused or bought at a lower rate, especially US dollars. Large denominations usually get better rates than small notes.
随身携带护照
Licensed money changers must carry out customer due diligence on larger transactions, and Bank Negara Malaysia penalises operators that skip checks on transactions above RM3,000. Bring your passport, not a photocopy; some counters ask for it on any amount.
Check hours and Friday prayer breaks
Small shophouse counters often close for Friday prayers, roughly 12:30 pm to 3 pm, and some close early on Saturday or all day Sunday. Mall counters follow mall hours.
Only use licensed counters
Never change money with anyone approaching you on the street. Licensed counters display their Bank Negara Malaysia licence, and you can search the licensee list on the Bank Negara Malaysia website.
提款机与银行卡
Visa and Mastercard are widely accepted in malls, hotels and chain restaurants. Bank ATMs give a fair rate, but your home bank may charge a foreign withdrawal fee. If a terminal offers to charge you in your home currency, decline and pay in ringgit. Keep some cash for hawker stalls and night markets.
Money Changers in Ipoh: Frequently Asked Questions
Where is the best place to change money in Ipoh?
The densest cluster of counters is on Jalan Sultan Idris Shah and nearby Taman Jubilee in the New Town, where Merchantrade, Lotus Remit and True Ringgit are a few doors apart. Compare two boards before changing a large amount.
Are there money changers open in the evening in Ipoh?
We could not confirm evening hours for any counter. Street counters on Jalan Sultan Idris Shah usually close in the early evening, and Pahlawan Money Changer inside Ipoh Parade may follow mall hours, so phone ahead.
在马来西亚换钱需要护照吗？
Bring your passport. Licensed money changers must verify customer identity on larger transactions, and Bank Negara Malaysia enforces checks above RM3,000. Some counters ask for identification on any transaction.
How do I know a money changer in Ipoh is licensed?
Licensed operators display their Bank Negara Malaysia licence at the counter. You can also search the money services business licensee list on the Bank Negara Malaysia website by company name or address.
Can tourists pay without cash in Ipoh?
In most malls, hotels and chain restaurants, yes. Cards are accepted there, and DuitNow QR codes work at many stalls for participating foreign wallets and banking apps. Keep some ringgit for hawker stalls, night markets and taxis.