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GBP to MYR - Compare Rates

Pound Sterling to Malaysian Ringgit exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

Latest interbank rate (wholesale):

1 GBP = 5.3145 MYR

Sell GBP / Buy MYR 


GBP/MYR - Trend & Alerts

GBP/MYR at 5.3145 is 1.9% below its 90-DAY average, range 5.2695 - 5.5688 .
🔔 Today GBP/MYR is DOWN 1% and at 60-DAY LOWS.
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Alerts:1-DAY1% | 60-DAY LOWS |
 
 

Comparing GBP MYR Exchange Rates

You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.

 
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Pound Sterling to Malaysian Ringgit - Quick Conversions

GBP MYR
£ 1 RM 5.3145
£ 5 RM 26.57
£ 10 RM 53.15
£ 20 RM 106.29
£ 50 RM 265.73
£ 100 RM 531.45
£ 250 RM 1,329
£ 500 RM 2,657
£ 1,000 RM 5,315
£ 2,000 RM 10,629
£ 5,000 RM 26,573
£ 10,000 RM 53,145
£ 50,000 RM 265,725
£ 100,000 RM 531,450
More amounts
GBP MYR
£ 0.1882 RM 1
£ 0.9410 RM 5
£ 1.8820 RM 10
£ 3.7640 RM 20
£ 9.4100 RM 50
£ 18.82 RM 100
£ 47.05 RM 250
£ 94.10 RM 500
£ 188.20 RM 1,000
£ 376.40 RM 2,000
£ 941.00 RM 5,000
£ 1,882 RM 10,000
£ 9,410 RM 50,000
£ 18,820 RM 100,000
More amounts

To calculate other GBP/MYR FROM or TO amounts at wholesale rate use our home-page quick & easy Calculate GBP to MYR .

Country Guides - Malaysian Ringgit

 
MalaysiaMalaysia (MYR)
   

Pound Sterling - Malaysian Ringgit Forecasting

When determining the best time to make a foreign exchange transaction, in this case the GBP vs MYR, you should pay attention to the recent market trends for both currencies.

Pound Sterling (GBP)

In the 2nd half of August market analysts started forecasting risk to the downside for the pound from US 1.33 given the tight 7 week deadline for Brexit combined with the drop in domestic demand due to the pandemic.

US dollar weakness has helped the embattled pound continue its recovery off June and early July lows. Despite this brief upturn, the outlook remains pessimistic as Brexit uncertainty and questions over the economy’s ability to rebound after the pandemic weigh on the currency.

In late July pound sterling is heading back towards US1.30 due to US dollar weakness. This is a remarkable change of fortunes for GBP which was sold-off after the Brexit vote and again after the virus forced a lockdown in London, the world’s largest foreign-exchange centre. Against the dollar, sterling touched the lowest level in 35 years (below US1.16) in March as traders sought the safety of the USD.

The coronavirus pandemic has replaced Brexit in the headlines and means that the deadline for a trade deal with the Eurozone this year could either be pushed back, delaying a risk for the currency, or see more favorable terms given to the U.K.

Read more in the article GBP Forecasts.

 

Malaysian Ringgit (MYR)

The Malaysian ringgit is up around 2.5% against the US dollar for 2020 (in August) and is gaining favour from bank commentators such as HSBC due to the attraction of the carry trade - the ability to earn higher interest when holding MYR versus other major currencies.

Read more in the article MYR Forecasts.

 

 

How to get Best GBP to MYR Exchange Rates

All foreign exchange providers charge a fee for providing their service and this fee 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.

 

Will GBP rise or fall against MYR?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Pound Sterling vs Malaysian Ringgit current value is to look the GBP/MYR historic rate and change over a range of periods.

The following table looks at the change in the GBP to MYR exchange rate over periods from the previous week back to the last 10 years.

GBP/MYR rateChangePeriod
11 Sep 2020 : 5.31440% ▲1 Week
19 Aug 2020 : 5.47242.9% ▼30 Days
20 Jun 2020 : 5.27110.8% ▲90 Days
19 Sep 2019 : 5.24691.3% ▲1 Year
20 Sep 2015 : 6.554818.9% ▼5 Years
21 Sep 2010 : 4.822110.2% ▲10 Years

GBP/MYR 10 year historic rates & change to 18-Sep-2020 : 5.3148

 

When is the best time to exchange GBP to MYR?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup BER.me FX Alerts