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Best GBP to MYR Exchange Rates Compared Live

The best GBP to MYR exchange rate is 5.9570. Compare foreign transfer and currency exchange rates, find better rates & deals.

GBP-MYR Best Exchange Rate Calculator
 

Comparing GBP-MYR exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Pound Sterling (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 vs the latest GBP-MYR mid-rate (see below) and the possible savings of using another provider.

 
@bestfxrates : 📉 #GBPtoMYR Exchange Alert: Bearish GBP ahead as BoE hints at potential rate cuts. HSBC & RBC see #GBP falling vs USD, which could weigh on GBP/MYR. MYR's outlook mixed, facing USD strength but may gain from tourism rebound. Currently, GBP/MYR stable near 5.9623. Eye on oil prices. #ForexUpdate #CurrencyWatch

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GBP to MYR Market Data

Pound Sterling (GBP) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 GBP =
5.9570We compare provider deals to this wholesale mid-market rate. Read more
MYR
+0.2%
📉1M
GBP to MYR at 5.9765 is near its 3-month average, having traded in a quite stable 4.4% range from 5.8071 to 6.0640
|
Sell GBP   â†’   Buy MYR
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DateGBP/MYRChangePeriod
13 Mar 2024
6.0012
0.3% â–¼2 Week
28 Dec 2023
5.8674
2% â–²3 Month
28 Mar 2023
5.4374
10% â–²1 Year
29 Mar 2019
5.3247
12.3% â–²5 Year
30 Mar 2014
5.4377
10% â–²10 Year
01 Apr 2004
7.0404
15% â–¼20 Year
GBP/MYR historic rates & change to 27-Mar-2024
 

What are equivalent amounts of GBP and MYR?

Here are some popular conversion amounts for GBP to MYR (Pound Sterling to Malaysian ringgit)*.

GBP MYR
£ 1 RM 5.9570
£ 5 RM 29.79
£ 10 RM 59.57
£ 20 RM 119.14
£ 50 RM 297.85
£ 100 RM 595.70
£ 250 RM 1,489
£ 500 RM 2,979
£ 1,000 RM 5,957
£ 2,000 RM 11,914
£ 5,000 RM 29,785
£ 10,000 RM 59,570
£ 20,000 RM 119,140
£ 50,000 RM 297,850
£ 100,000 RM 595,700
GBP MYR
£ 0.1679 RM 1
£ 0.8395 RM 5
£ 1.6790 RM 10
£ 3.3580 RM 20
£ 8.3950 RM 50
£ 16.79 RM 100
£ 41.98 RM 250
£ 83.95 RM 500
£ 167.90 RM 1,000
£ 335.80 RM 2,000
£ 839.50 RM 5,000
£ 1,679 RM 10,000
£ 3,358 RM 20,000
£ 8,395 RM 50,000
£ 16,790 RM 100,000

More amounts

*Converted at the current GBPMYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for GBP to MYR

 

The exchange rate forecast for the GBP to MYR pair appears to be bearish for the Pound (GBP) and neutral-to-bearish for the Malaysian Ringgit (MYR). Given the recent comments from Bank of England (BoE) Governor Andrew Bailey regarding potential interest rate cuts, the Pound is expected to face downward pressure in the coming months. HSBC and RBC anticipate the Pound to fall further against the US Dollar, with projections of $US1.20 and $US1.15 respectively in the second half of the year. The uncertainty surrounding UK politics and the potential for a stagflationary environment are cited as additional risks for the Pound.

Read our full review of recent GBP to MYR forecasts.

 

How to get a good GBP to MYR exchange rate

There are several ways to save on exchange rates when converting Pound Sterling to Malaysian ringgit:

  1. Shop around for the best GBP/MYR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the GBP/MYR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both GBP and MYR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Malaysian ringgit with Pound Sterling, then it's better for the GBP/MYR exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

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 personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to Malaysia - a practical currency and money guide to travel, living and doing business in Malaysia with the Malaysian ringgit.

 
 
 

Currency Country Guides

United KingdomUnited Kingdom (GBP)MalaysiaMalaysia (MYR)
 

How is the expat life in Malaysia?

The expat life in Malaysia can be quite comfortable, depending on where you live. Most expats live in urban areas like Kuala Lumpur, where they have access to international schools, western supermarkets, and hospitals. There are also many expat-friendly activities and events in the city.

Any laws in Malaysia that foreigners should be aware of?

There are several laws in Malaysia that foreigners should be aware of, such as the Sedition Act, the Communications and Multimedia Act, and the Official Secrets Act.

Read more at our Malaysia (MYR) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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