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GBP to MYR - Rate Guide

Pound Sterling to Malaysian Ringgit exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 GBP = 5.3943 MYR

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GBP to MYR - Trading Range (90 Day)
1-DAY ▲ 0.8% (3d)
GBP/MYR at 5.4002 is trading 0.5% above the 90-day average 5.3733 with a range 5.2696 to 5.5287. There are no current rate alerts.
16-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Pound Sterling to Malaysian Ringgit

GBP

MYR

£ 1
RM 5.3943
£ 5
RM 26.97
£ 10
RM 53.94
£ 20
RM 107.89
£ 50
RM 269.72
£ 100
RM 539.43
£ 250
RM 1,349
£ 500
RM 2,697
£ 1,000
RM 5,394
£ 2,000
RM 10,789
£ 5,000
RM 26,972
£ 10,000
RM 53,943
£ 50,000
RM 269,715
£ 100,000
RM 539,430
More amounts

GBP

MYR

£ 0.1854
RM 1
£ 0.9270
RM 5
£ 1.8540
RM 10
£ 3.7080
RM 20
£ 9.2700
RM 50
£ 18.54
RM 100
£ 46.35
RM 250
£ 92.70
RM 500
£ 185.40
RM 1,000
£ 370.80
RM 2,000
£ 927.00
RM 5,000
£ 1,854
RM 10,000
£ 9,270
RM 50,000
£ 18,540
RM 100,000
More amounts

To calculate specific GBP/MYR amounts use our Convert GBP to MYR quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for GBP/MYR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer Providers Receive MYR(RM)Exchange RateFee GBPTotal CostDeal Links
OFX logo
26,266 RM
Best Overall
5.2531£0^2.77%
TorFX logo
26,318 RM
RM52 more
5.263602.58%
TransferWise logo
26,847 RM
RM581 more
5.3974£260.62%
HSBC logo
25,714 RM
RM552 less
5.1505£7.54.81%
Natwest Bank logo
25,571 RM
RM695 less
5.1295155.34%
Citibank International Money Transfers
Citibank logo
25,455 RM
RM811 less
5.1032125.77%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
25,451 RM
RM815 less
5.1053155.79%
Santander International Money Transfers
Santander logo
25,309 RM
RM957 less
5.0821206.31%
Lloyds TSB logo
25,204 RM
RM1,062 less
5.0611206.7%
 
OFX logo
OFX: Foreign Transfer GBP→MYR
From Amount (GBP)£5,000
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:5.2531 (2.77% from mid-rate)
To Amount (MYR)26,266 RM
Total Cost:2.77%
Time:
Rate Fetched: Mon Feb 17 2020 05:11:03 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
TorFX logo
TorFX: Foreign Transfer GBP→MYR
From Amount (GBP)£5,000
Fee:
Exchange Rate:5.2636 (2.58% from mid-rate)
To Amount (MYR)26,318 RM
Total Cost:2.58%
Difference:
RM52 MYR more than using OFX
Time:6:02 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
TransferWise logo
TransferWise: Foreign Transfer GBP→MYR
From Amount (GBP)£5,000
Fee:£26 GBP (0.5% + £1)
Exchange Rate:5.3974 (0.1% from mid-rate)
To Amount (MYR)26,847 RM
Total Cost:0.62%
Difference:
RM581 MYR more than using OFX
Time:6:02 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer GBP→MYR
From Amount (GBP)£5,000
Fee:£7.5 GBP (.15%)
Exchange Rate:5.1505 (4.67% from mid-rate)
To Amount (MYR)25,714 RM
Total Cost:4.81%
Difference:
RM552 MYR less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Natwest Bank logo
Natwest Bank: Foreign Transfer GBP→MYR
From Amount (GBP)£5,000
Fee:15
Exchange Rate:5.1295 (5.06% from mid-rate)
To Amount (MYR)25,571 RM
Total Cost:5.34%
Difference:
RM695 MYR less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer GBP→MYR
From Amount (GBP)£5,000
Fee:12
Exchange Rate:5.1032 (5.55% from mid-rate)
To Amount (MYR)25,455 RM
Total Cost:5.77%
Difference:
RM811 MYR less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer GBP→MYR
From Amount (GBP)£5,000
Fee:15
Exchange Rate:5.0663 (6.23% from mid-rate)
To Amount (MYR)25,451 RM
Total Cost:5.79%
Difference:
RM815 MYR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Santander logo
Santander: Foreign Transfer GBP→MYR
From Amount (GBP)£5,000
Fee:20
Exchange Rate:5.0821 (5.94% from mid-rate)
To Amount (MYR)25,309 RM
Total Cost:6.31%
Difference:
RM957 MYR less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Lloyds TSB logo
Lloyds TSB: Foreign Transfer GBP→MYR
From Amount (GBP)£5,000
Fee:20
Exchange Rate:5.0611 (6.32% from mid-rate)
To Amount (MYR)25,204 RM
Total Cost:6.7%
Difference:
RM1,062 MYR less than using OFX
Time:6:02 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 02/17/2020 - View latest rates

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money Providers Amount MYR(RM)Exchange RateFee GBPTotal CostDeal Links
Post Office Money Foreign Currency
Post Office Money logo
5,177.2 RM
Best Overall
5.177204.18%
Citibank Foreign Currency
Citibank logo
5,084.15 RM
RM93 less
5.1355£105.9%
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
5,039 RM
RM138 less
5.0964£106.73%
Lloyds TSB logo
5,032.57 RM
RM145 less
5.0834£106.85%
Santander Foreign Currency
Santander logo
5,032.57 RM
RM145 less
5.0834£106.85%
Travelex Online UK logo
5,008.5 RM
RM169 less
5.0085£0^7.3%
Natwest Bank logo
5,007.15 RM
RM170 less
5.0834£157.32%
 
Post Office Money logo
Post Office Money: Travel Money GBP→MYR
From Amount (GBP)£1,000
Fee:0
Exchange Rate:5.1772 (4.18% from mid-rate)
To Amount (MYR)5,177.2 RM
Total Cost:4.18%
Time:6:02 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Travel Money GBP→MYR
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:5.1355 (4.95% from mid-rate)
To Amount (MYR)5,084.15 RM
Total Cost:5.9%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money GBP→MYR
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:5.0834 (5.91% from mid-rate)
To Amount (MYR)5,039 RM
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 
Lloyds TSB logo
Lloyds TSB: Travel Money GBP→MYR
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:5.0834 (5.91% from mid-rate)
To Amount (MYR)5,032.57 RM
Total Cost:6.85%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Santander logo
Santander: Travel Money GBP→MYR
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:5.0834 (5.91% from mid-rate)
To Amount (MYR)5,032.57 RM
Total Cost:6.85%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 
Travelex Online UK logo
Travelex Online UK: Travel Money GBP→MYR
From Amount (GBP)£1,000
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:5.0085 (7.3% from mid-rate)
To Amount (MYR)5,008.5 RM
Total Cost:7.3%
Time:
Rate Fetched: Mon Feb 17 2020 06:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Natwest Bank logo
Natwest Bank: Travel Money GBP→MYR
From Amount (GBP)£1,000
Fee:£15 GBP (Minimum fee)
Exchange Rate:5.0834 (5.91% from mid-rate)
To Amount (MYR)5,007.15 RM
Total Cost:7.32%
Time:6:02 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 02/17/2020 - View latest rates

Country Guides (GBP & MYR)

United KingdomUnited Kingdom (GBP)United Kingdom (GBP)GuernseyGuernsey (GBP)
Isle of ManIsle of Man (GBP)JerseyJersey (GBP)MalaysiaMalaysia (MYR)
South Georgia and South Sandwich IslandsSouth Georgia and South Sandwich Islands (GBP)

GBP and MYR in the Markets

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)

With the Bank of England holding interest rates steady amid signs of a recovery in the health of the UK economy following the general election, the pound is showing strength against most currencies early in 2020.

In the post UK election euphoria the pound rose to over 1.33 USD and 1.20 EUR but has since dropped back over the uncertainty of what sort of trade deal the UK can realistically negotiate with Europe over the next 11 months.

GBP has given up all of those election result gains as Mr Johnson pledged to outlaw any extension to the UK’s post-Brexit transition period at the end of next year. It appears the Brexit volatility in the pound is set to continue for the foreseable future.

Read more in the article GBP Forecasts.

 

Malaysian Ringgit (MYR)

Malaysia was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it added to negative sentiment, which then spurred a rise in USD/MYR to a 6-month high (MYR low) of RM4.2.

Among factors contributing to the ringgit’s weakness over the past year has been political uncertainty relating to Malaysia’s ruling Pakatan Harapan coalition, late-2018’s crash in oil prices, global trade tensions and higher US interest rates.

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.

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 myBER FX Alerts

It is also a good idea to be aware of the change in the historic GBP/MYR exchange rate over longer periods.

GBP/MYR - Historical Rates

PeriodChange*GBP/MYRDate
7 Day+1.2%5.337307 Feb 2020
30 Day+1.8%5.310515 Jan 2020
3 Month+0.8%5.358816 Nov 2019
1 Year+3.6%5.215114 Feb 2019
5 Year-2.1%5.519815 Feb 2015
10 Year+0.4%5.383416 Feb 2010

*For period to 14-Feb 21UTC when GBP/MYR was 5.4036

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