The currency used in Malaysia is the Malaysian ringgit (MYR), which has the international code MYR and the symbol RM. One ringgit is equal to 100 sen, and notes are issued in denominations of RM1, RM2, RM5, RM10, RM20, RM50, and RM100. Coins come in denominations of 5, 10, 20, and 50 sen. The exchange rate of the Malaysian ringgit is free-floating but is not traded offshore. Currency can be changed at banks, hotels, and money changers, which are often found in shopping centers, lanes, and small stores. All major currencies are accepted, and there is never a problem with the U.S. dollar, except for dirty or old notes. When exchanging currency, expect to pay the official exchange rate minus 3% to 5% in exchange fees.