1 MYR = 0.1842 GBP
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What's in this Malaysian Ringgit to Pound Sterling guide?
To calculate specific MYR/GBP amounts use our Convert MYR to GBP 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 MYR/GBP International Money Transfers. Costs are calculated against the current interbank mid-rate.
| Foreign Transfer Providers | Receive GBP(£) | Exchange Rate | Fee MYR | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | 1,830.62 £ | 0.184 | RM51 | 0.62% | |
 | 1,820 £ | 0.182 | 0 for BER users (normally $15) | 1.19% | |
Banks - Average Rate      Banks Average - Click logo for rate | 1,748 £ | 0.1760 | 15 | 5.1% |
Country Guides (MYR & GBP)
 United Kingdom (GBP) | United Kingdom (GBP) |  Guernsey (GBP) |
 Isle of Man (GBP) |  Jersey (GBP) |  Malaysia (MYR) |
 South Georgia and South Sandwich Islands (GBP) |
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.
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.
How to get Best MYR to GBP 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.
What is a good MYR to GBP exchange rate?
This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.
The following table looks at the change in the MYR to GBP exchange rate to the present day for periods going back upto 10 years.
When is the best time to exchange MYR to GBP?
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.
We help you Save Money on Exchange Rates.
View all MYR Exchange Rates
