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MYR/GBP - Rate Guide

Malaysian Ringgit to British Pound Sterling 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 transactions as shown below.

 

MYR/GBP Exchange Rates and Providers Compared

This guide to the Malaysian Ringgit to British Pound Sterling exchange rate with 90-day chart & alerts, historic rates, forecasts and MYR to GBP comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. Calculate amounts and rate margins with the MYR/GBP Calculator.

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MYR/GBP - 90 Day Rate Alerts

1 MYR = 0.1923 GBP

NO ALERTS for MYR/GBP
MYR/GBP over the last 90 days

View MYR/GBP - Interactive Chart

Exchange rates can 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 MYR/GBP International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive GBP(£)Exchange RateFee MYRTotal CostDeal Links
Instarem logo
1,907 GBP0.190700.63%
OFX logo
1,896 GBP0.18960 for BER users (normally $15)1.2%
Maybank International Money Transfers
Maybank logo
1,833.48 GBP0.1852RM1004.46%
OCBC Bank International Money Transfers
OCBC Bank logo
1,833.48 GBP0.1852RM1004.46%
United Overseas Bank International Money Transfers
United Overseas Bank logo
1,833.48 GBP0.1852RM1004.46%
Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo
1,821 GBP0.1833155.11%
HSBC logo
1,810.28 GBP0.1813RM155.67%
Citibank International Money Transfers
Citibank logo
1,793.84 GBP0.1796126.52%
 

Instarem logo

Instarem: Foreign Transfer MYR→GBP
From Amount:10,000 MYR
Fee:0
Exchange Rate:0.1907 (0.63% from mid-rate)
To Amount:1,907 GBP
Total Cost:0.63%
Time:1:07 Local
Transfer Speed:
Services:
Rating:
 
: 3.9/5.0
Reviews:
 

OFX logo

OFX: Foreign Transfer MYR→GBP
From Amount:10,000 MYR
Fee:0 for BER users (normally $15)
Exchange Rate:0.1896 (1.2% from mid-rate)
To Amount:1,896 GBP
Total Cost:1.2%
Difference:
11 GBP less than using Instarem
Time:
Rate Fetched: 1:07 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

Maybank logo

Maybank: Foreign Transfer MYR→GBP
From Amount:10,000 MYR
Fee:RM100 MYR (1%)
Exchange Rate:0.1852 (3.49% from mid-rate)
To Amount:1,833.48 GBP
Total Cost:4.46%
Difference:
74 GBP less than using Instarem
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

OCBC Bank logo

OCBC Bank: Foreign Transfer MYR→GBP
From Amount:10,000 MYR
Fee:RM100 MYR (1%)
Exchange Rate:0.1852 (3.49% from mid-rate)
To Amount:1,833.48 GBP
Total Cost:4.46%
Difference:
74 GBP less than using Instarem
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

United Overseas Bank logo

United Overseas Bank: Foreign Transfer MYR→GBP
From Amount:10,000 MYR
Fee:RM100 MYR (1%)
Exchange Rate:0.1852 (3.49% from mid-rate)
To Amount:1,833.48 GBP
Total Cost:4.46%
Difference:
74 GBP less than using Instarem
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer MYR→GBP
From Amount:10,000 MYR
Fee:15
Exchange Rate:0.1833 (4.48% from mid-rate)
To Amount:1,821 GBP
Total Cost:5.11%
Difference:
86 GBP less than using Instarem
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logo

HSBC: Foreign Transfer MYR→GBP
From Amount:10,000 MYR
Fee:RM15 MYR (.15%)
Exchange Rate:0.1813 (5.52% from mid-rate)
To Amount:1,810.28 GBP
Total Cost:5.67%
Difference:
97 GBP less than using Instarem
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logo

Citibank: Foreign Transfer MYR→GBP
From Amount:10,000 MYR
Fee:12
Exchange Rate:0.1796 (6.41% from mid-rate)
To Amount:1,793.84 GBP
Total Cost:6.52%
Difference:
113 GBP less than using Instarem
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 09/23/2019 - See full table

MYR / GBP converter & margin calculator

RMMYR
£GBP
mid-rates

Compare how much you can save on MYR/GBP exchange rates for:

Foreign Transfers

Foreign Transfers Travel Money

Malaysian Ringgit

British Pound Sterling

1 MYR 0.1923 GBP
5 MYR 0.9615 GBP
10 MYR 1.9230 GBP
20 MYR 3.8460 GBP
50 MYR 9.6150 GBP
100 MYR 19.23 GBP
250 MYR 48.08 GBP
500 MYR 96.15 GBP
1,000 MYR 192.30 GBP
2,000 MYR 384.60 GBP
5,000 MYR 961.50 GBP
10,000 MYR 1,923.00 GBP
50,000 MYR 9,615.00 GBP
100,000 MYR 19,230.00 GBP
See more

Malaysian Ringgit

British Pound Sterling

5.2014 MYR 1 GBP
26.01 MYR 5 GBP
52.01 MYR 10 GBP
104.03 MYR 20 GBP
260.07 MYR 50 GBP
520.14 MYR 100 GBP
1,300.35 MYR 250 GBP
2,600.70 MYR 500 GBP
5,201.40 MYR 1,000 GBP
10,402.80 MYR 2,000 GBP
26,007.00 MYR 5,000 GBP
52,014.00 MYR 10,000 GBP
260,070.00 MYR 50,000 GBP
520,140.00 MYR 100,000 GBP
See more
Country Guides (MYR & GBP)
United KingdomUnited 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)

MYR/GBP - Historical Trends

This table shows historic rates and trends of Malaysian Ringgit to British Pound Sterling over periods upto 10 years.

PeriodMYR/GBPDate
1 Day0.193116 Sep 2019
7 Day0.194210 Sep 2019
30 Day0.196918 Aug 2019
3 Month0.189319 Jun 2019
1 Year0.183817 Sep 2018
5 Year0.188618 Sep 2014
10 Year0.176319 Sep 2009

You can use our MYR interactive charts to check MYRGBP historic trends.

Get a Better FX Deal when you Send and Spend Abroad.

 

MYR and GBP in the Markets

When determining the best time to make a foreign exchange transaction, in this case the MYR vs GBP, you should pay attention to the recent market trends for both currencies.

 

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.

 

British Pound Sterling (GBP)

Pound valuations will continue to fluctuate based on Brexit No-deal, Deal and Remain probabilities. No-deal prospects may increase if, as is widely expected, ardent Brexiteer Boris Johnson becomes the UK’s next prime minister. However, some banks argue that Johnson’s appointment would make little difference to no-deal or remain probabilities.

The pound is unlikely to receive much in the way of meaningful respite until November, analysts say, when hopefully the UK-EU Brexit arrangement, or lack thereof, is known (Boris Johnson insists that the UK will not seek any further Article 50 extensions beyond the October-31 deadline).

The pound would be doing far worse if it weren't receiving some support from the Bank of England which, surprisingly, is the only major central bank still considering higher interest rates in 2019.

By some margin, the pound was the worst-performing major currency in the second quarter. It slipped in late June to multi-month lows against a number of important currencies, including the Australian dollar, New Zealand dollar, euro, Canadian dollar and Swiss franc.

Read more in the article GBP Forecasts.

Why can't I just get the MYR/GBP market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the MYR / GBP was traded (bought or sold) in the international markets.

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). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however 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.

We help you Compare & Save Money on Exchange Rates.

 

View all MYR Exchange Rates