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Best GBP to MYR Exchange Rates Compared Live

The best GBP to MYR exchange rate is 5.9973. Compare foreign transfer and currency exchange rates, find better rates & deals.

GBP-MYR Best Exchange Rate Calculator
       

Comparing GBP-MYR exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Pound Sterling (GBP) to Malaysian ringgit (MYR) rates from different sources before making a conversion.

The above Sterling to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest GBP-MYR mid-rate (see below) and the possible savings of using another provider.

 
@bestfxrates : GBP faces headwinds as wage woes & looming rate cuts weigh in. Despite potential MYR pressure from oil & USD swings, its strong fundamentals offer a buffer. With GBPMYR near 30-day lows & elections stirring uncertainty, market view suggests staying alert to policy & economic updates. #Forex #GBPMYR

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GBP to MYR Market Data

Pound Sterling (GBP) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 GBP =
5.9973We compare provider deals to this wholesale mid-market rate. Read more
MYR
+0.3%
📈1W
GBP to MYR is at 7-day highs near 6.0063, just 0.5% above its 3-month average of 5.9754, having traded in a quite stable 4.4% range from 5.8071 to 6.0640
|
Sell GBP   â†’   Buy MYR
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DateGBP/MYRChangePeriod
04 Mar 2024
5.9935
0.2% â–²2 Week
19 Dec 2023
5.9628
0.7% â–²3 Month
19 Mar 2023
5.4667
9.9% â–²1 Year
20 Mar 2019
5.3624
12% â–²5 Year
21 Mar 2014
5.4540
10.1% â–²10 Year
23 Mar 2004
7.0164
14.4% â–¼20 Year
GBP/MYR historic rates & change to 18-Mar-2024
 

What are equivalent amounts of GBP and MYR?

Here are some popular conversion amounts for GBP to MYR (Pound Sterling to Malaysian ringgit)*.

GBP MYR
£ 1 RM 5.9973
£ 5 RM 29.99
£ 10 RM 59.97
£ 20 RM 119.95
£ 50 RM 299.87
£ 100 RM 599.73
£ 250 RM 1,499
£ 500 RM 2,999
£ 1,000 RM 5,997
£ 2,000 RM 11,995
£ 5,000 RM 29,987
£ 10,000 RM 59,973
£ 20,000 RM 119,946
£ 50,000 RM 299,865
£ 100,000 RM 599,730
GBP MYR
£ 0.1667 RM 1
£ 0.8335 RM 5
£ 1.6670 RM 10
£ 3.3340 RM 20
£ 8.3350 RM 50
£ 16.67 RM 100
£ 41.68 RM 250
£ 83.35 RM 500
£ 166.70 RM 1,000
£ 333.40 RM 2,000
£ 833.50 RM 5,000
£ 1,667 RM 10,000
£ 3,334 RM 20,000
£ 8,335 RM 50,000
£ 16,670 RM 100,000

More amounts

*Converted at the current GBPMYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for GBP to MYR

 

Based on recent forecasts and market updates, the GBP to MYR exchange rate is expected to experience some volatility in the near future. The Pound (GBP) has been facing pressure due to disappointing UK wage data and expectations of potential interest rate cuts by the Bank of England, which could weaken the currency further. Moreover, political uncertainties surrounding the upcoming general election in the UK may contribute to GBP volatility.

Read our full review of recent GBP to MYR forecasts.

 

How to get a good GBP to MYR exchange rate

There are several ways to save on exchange rates when converting Pound Sterling to Malaysian ringgit:

  1. Shop around for the best GBP/MYR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the GBP/MYR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both GBP and MYR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Malaysian ringgit with Pound Sterling, then it's better for the GBP/MYR exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Pound Sterling rise against the Malaysian ringgit?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add GBP/MYR to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to Malaysia - a practical currency and money guide to travel, living and doing business in Malaysia with the Malaysian ringgit.

 
 
 

Currency Country Guides

United KingdomUnited Kingdom (GBP)MalaysiaMalaysia (MYR)
 

How is the expat life in Malaysia?

The expat life in Malaysia can be quite comfortable, depending on where you live. Most expats live in urban areas like Kuala Lumpur, where they have access to international schools, western supermarkets, and hospitals. There are also many expat-friendly activities and events in the city.

Any laws in Malaysia that foreigners should be aware of?

There are several laws in Malaysia that foreigners should be aware of, such as the Sedition Act, the Communications and Multimedia Act, and the Official Secrets Act.

Read more at our Malaysia (MYR) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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