The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
GBP to MYR Market Data
British pound (GBP) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
GBP/MYR Outlook:
The GBP/MYR exchange rate is likely to decrease, as it is currently trading significantly below its recent average and near recent lows.
GBP/USD Outlook:
The GBP/USD is slightly weaker, but likely to move sideways, trading just above its recent average while facing downward pressure from UK economic concerns.
GBP/MYR outlook: Expect a decline as GBP hovers near lows, under pressure from potential BoE rate cuts. Key drivers include stable policies from Bank Negara Malaysia, and strong performance in Malaysia's construction sector. Range likely within recent lows with watch for UK data impacts
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GBP to MYR Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Malaysian ringgit across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
What is the
best Send Money conversion rate for GBP to MYR?
The best GBP to MYR exchange rate is 5.2338 from Wise. This is -0.46% compared to the mid-market rate 5.2579.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
British pound (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 by
banks and other foreign exchange providers against the latest GBP-MYR mid-rate and the possible savings of using various providers.
How do GBP-MYR rates compare between providers?
Looking at the full
GBP to MYR - Send Money comparison table the provider with the best GBP to MYR exchange rate is Wise at 5.2338, -0.46% from the latest mid-market rate 5.2579.
The next best is OFX at 5.2316, -0.5% from the mid-rate.
Then XE at 5.2263, which is -0.6% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.