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You may change your cash from your country's currency to the local currency - Malaysian Ringgit (RM) at:
Most hotels will be able to exchange some currency with you but charge the highest commissions.
Banks charge lower commissions than hotels, but sometimes they may run out of stock of the currency which you want to purchase. Sometimes banks are not keen to buy from you if your country's currency is not popular here, because bankers consider keeping slow moving currency as bad banking practice.
Money changers provide the best deal. Below are some of the licensed money changers in Sabah.
Do not deal with unlicensed money changers, you can never be sure what kind of troubles this may lead you into.

Money Changers - Kota Kinabalu

Name Tel No: Location Nearby Hotels
Focurek Services Sdn Bhd 088-234972 Wisma Merdeka Ph 2 Hyatt Regency
Innofajar Sdn Bhd 088-538829 Block-B,Kompleks Karamunsing Berjaya Palace
Lee Kui Kiaw Money Changer S/B 088-241254 Center Point Sabah Tang Dynasty,Promenade, Le Meridien
Lim Chiaw Yin 088-237169 Wisma Sabah Hyatt Regency,Capital,Jesselton
NBL Sdn Bhd 0088-265591 Wisma Merdeka Hyatt Regency,Capital,Jesselton
NEBULA Star Sdn Bhd 088-257768RM Wisma Merdeka Ph 2 Hyatt Regency,Capital,Jesselton
Traveller's Money Changer Sdn Bhd 088-234772 AG56,Wisma Merdeka Hyatt Regency,Capital,Jesselton
Supreeme Zone Sdn Bhd 016-813810 Lot 15 Block-D Ph 3 Damai Plaza None


Money Changers - Tawau

Name Tel No: Location Nearby Hotels
Chen Yun Hiong 089-776389 Bangunan kojasa ---
Pengurup Wang Thai Hing 089-761506 TB954 Jalan Stephen Tan ---


Money Changers - Sandakan

Name Tel No: Location Nearby Hotels
Sykt Perniagaan Kinabalu 089-219939 46,Jallan Utara ---
Woi Kwan 089-272767 block 37 ---

Money Changers - Labuan

Name Tel No: Location Nearby Hotels
K. Abdul Kader & Co 087-412545 u0168,Jalan OKK Awang Besar ---

Check exchange rates of Ringgit Malaysia against some of the major foreign currencies

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