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GBP to MYR - Best Rates Guide

We review Pound Sterling to Malaysian Ringgit latest & historic FX rates along with recent GBP/MYR Trend and Alerts.

 

Best GBP to MYR Rate

1 GBP = 5.5315 MYR
LATEST GBP/MYR MID-MARKET The mid-market rate is the best possible exchange rate available. Read more RATE

SELL GBP  :  BUY MYR 
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MYR to GBP
SELL MYR  :  BUY GBP
GBPMYR at 5.5334 is 1.4% above its 90-DAY average, range 5.3583-5.5415.
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1-DAY0.5% (1d)90-DAY-HIGH (1d)
 
GBP to MYR - Trends & Alerts

View My Alerts

   

Comparing GBP to 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 GBP/MYR rate ( interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for GBP to MYR International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.

 
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Pound Sterling to Malaysian Ringgit - Quick Conversions

GBP MYR
£ 1 RM 5.5315
£ 5 RM 27.66
£ 10 RM 55.32
£ 20 RM 110.63
£ 50 RM 276.58
£ 100 RM 553.15
£ 250 RM 1,383
£ 500 RM 2,766
£ 1,000 RM 5,532
£ 2,000 RM 11,063
£ 5,000 RM 27,658
£ 10,000 RM 55,315
£ 50,000 RM 276,575
£ 100,000 RM 553,150
More amounts
GBP MYR
£ 0.1808 RM 1
£ 0.9040 RM 5
£ 1.8080 RM 10
£ 3.6160 RM 20
£ 9.0400 RM 50
£ 18.08 RM 100
£ 45.20 RM 250
£ 90.40 RM 500
£ 180.80 RM 1,000
£ 361.60 RM 2,000
£ 904.00 RM 5,000
£ 1,808 RM 10,000
£ 9,040 RM 50,000
£ 18,080 RM 100,000
More amounts

Calculate other GBP/MYR amounts (from or to) at mid-market with our GBP to MYR Calculator .

Pound Sterling and Malaysian Ringgit - Market News

 

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)

The coronavirus pandemic had replaced Brexit in the headlines for most of this year, however Brexit is back in the spotlight as the end-of-year deadline for a trade deal with the Eurozone fast approaches.

Get more details in the article British Pound Forecasts.

 

Malaysian Ringgit (MYR)

The Malaysian ringgit is up around 8% (to late November) against the US dollar since the beginning of the pandemic crisis in March 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.

Get more details in the article Malaysian Ringgit Forecasts.

   

Country Guides - Malaysian Ringgit

 
MalaysiaMalaysia (MYR)
     

How to get Good GBP to MYR Exchange Rates

There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

Reduce Excessive costs and fees

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.

 

What is a good GBP to MYR exchange rate?

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/MYRChangePeriod
5.4832
15 Jan 2021
0.9% ▲1 Week
5.4910
23 Dec 2020
0.7% ▲30 Days
5.4061
24 Oct 2020
2.3% ▲90 Days
5.3453
23 Jan 2020
3.5% ▲1 Year
6.1024
24 Jan 2016
9.4% ▼5 Years
4.8239
25 Jan 2011
14.7% ▲10 Years

GBP/MYR 10 year historic rates & change to 22-Jan-2021 : 5.5315

 
   

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 BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

 

View My Alerts

 

Rather than requiring you to set a target rate, our FX Alerts work differently.

Once you add a currency pair to your watchlist we then start automatically checking the exchange rate for any HIGH or LOW event or significant UP or DOWN moves over a range of daily periods only as far back as 90 days.