Best GBP to MYR Exchange Rates - Compare Providers & Save

In this Pound Sterling to Malaysian ringgit guide:

1 GBP = MYR

Sell GBP → Buy MYR

1-DAY▼-0.6%

14-DAY▼LOW

GBP to MYR at 5.6740 is 0.6% above average of its 90-day range 5.5663-5.7351.

21-JAN 5PM-NY 10PM-LON 22-JAN 6AM-HK 9AM-SYD

Track Rate

1 MYR = 0.1762 GBP

GBP/MYR was	Change	Period
5.7194 07 Jan 2022	0.8% ▼	2 Weeks
5.7106 23 Oct 2021	0.6% ▼	90 Days
5.5326 21 Jan 2021	2.6% ▲	1 Year
5.5079 22 Jan 2017	3% ▲	5 Years
4.8298 24 Jan 2012	17.5% ▲	10 Years
5.3632 26 Jan 2002	5.8% ▲	20 Years

GBP/MYR change over periods to 21-Jan-2022

The Malaysian ringgit has fallen below 24 cents as a firmer US dollar kept Asian currencies subdued while escalating woes at indebted developer China Evergrande switched markets to safe haven mode.

MYR Outlook

The pound has been resilient enough to withstand Prime Minister Boris Johnson’s troubles. However, if he implements any new taxes for consumers in a nation that is already in a tough economic situation then it will likely have a significant effect on the currency.

But despite this, the British pound has had a good start to the year—its best start to a year since 2018.

GBP Outlook

1-DAY▼-0.6%

14-DAY▼LOW

GBP to MYR - Compare & Save

The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using different FX providers.

Loading rates...

Provider	Amounts	Rate	Cost

Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest GBP to MYR Exchange Rate (shown above) or a transaction fee and often both!

How to get a good GBP to MYR Exchange Rate

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.

You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to Malaysia.

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.

Rate Tracker

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

Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.