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MYR to GBP - Rate Guide

Malaysian Ringgit to 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/Card transactions as shown below.

 

1 MYR = 0.1842 GBP

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MYR to GBP - Trading Range (90 Day)
ALERTS: 1-DAY ▼ 0.7% 🔔 | 30-DAY LOWS 🔔 |
MYR/GBP at 0.1842 was trading 1% below the 90-day average 0.186 with a range 0.1809 to 0.1898. ALERTS: Today MYR/GBP is DOWN 0.7% and has also dropped to 30-DAY LOWS.
21-Feb 5PM-NY 10PM-LON | 22-Feb 9AM-SYD

More Charts


Quick Conversions from Malaysian Ringgit to Pound Sterling

MYR

GBP

RM 1
£ 0.1842
RM 5
£ 0.9210
RM 10
£ 1.8420
RM 20
£ 3.6840
RM 50
£ 9.2100
RM 100
£ 18.42
RM 250
£ 46.05
RM 500
£ 92.10
RM 1,000
£ 184.20
RM 2,000
£ 368.40
RM 5,000
£ 921.00
RM 10,000
£ 1,842
RM 50,000
£ 9,210
RM 100,000
£ 18,420
More amounts

MYR

GBP

RM 5.4295
£ 1
RM 27.15
£ 5
RM 54.30
£ 10
RM 108.59
£ 20
RM 271.48
£ 50
RM 542.95
£ 100
RM 1,357
£ 250
RM 2,715
£ 500
RM 5,430
£ 1,000
RM 10,859
£ 2,000
RM 27,148
£ 5,000
RM 54,295
£ 10,000
RM 271,475
£ 50,000
RM 542,950
£ 100,000
More amounts

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 ProvidersReceive GBP(£)Exchange RateFee MYRTotal CostDeal Links
TransferWise logo
1,830.62 £0.184RM510.62%
OFX logo
1,820 £0.1820 for BER users (normally $15)1.19%
Maybank International Money Transfers
Maybank logo
1,760.22 £0.1778RM1004.44%
OCBC Bank International Money Transfers
OCBC Bank logo
1,760.22 £0.1778RM1004.44%
United Overseas Bank International Money Transfers
United Overseas Bank logo
1,760.22 £0.1778RM1004.44%
Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo
1,748 £0.1760155.1%
HSBC logo
1,737.39 £0.174RM155.68%
Citibank International Money Transfers
Citibank logo
1,721.93 £0.1724126.52%
 
TransferWise logo
TransferWise: Foreign Transfer MYR→GBP
From Amount (MYR)RM10,000
Fee:RM51 MYR (0.5% + RM1)
Exchange Rate:0.1840 (0.11% from mid-rate)
To Amount (GBP)1,830.62 £
Total Cost:0.62%
Time:1:08 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer MYR→GBP
From Amount (MYR)RM10,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.1820 (1.19% from mid-rate)
To Amount (GBP)1,820 £
Total Cost:1.19%
Difference:
£11 GBP less than using TransferWise
Time:
Rate Fetched: 1:08 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 (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.1778 (3.47% from mid-rate)
To Amount (GBP)1,760.22 £
Total Cost:4.44%
Difference:
£70 GBP less than using TransferWise
Time:1:08 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 (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.1778 (3.47% from mid-rate)
To Amount (GBP)1,760.22 £
Total Cost:4.44%
Difference:
£70 GBP less than using TransferWise
Time:1:08 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 (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.1778 (3.47% from mid-rate)
To Amount (GBP)1,760.22 £
Total Cost:4.44%
Difference:
£70 GBP less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer MYR→GBP
From Amount (MYR)RM10,000
Fee:15
Exchange Rate:0.1760 (4.45% from mid-rate)
To Amount (GBP)1,748 £
Total Cost:5.1%
Difference:
£83 GBP less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer MYR→GBP
From Amount (MYR)RM10,000
Fee:RM15 MYR (.15%)
Exchange Rate:0.1740 (5.54% from mid-rate)
To Amount (GBP)1,737.39 £
Total Cost:5.68%
Difference:
£93 GBP less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer MYR→GBP
From Amount (MYR)RM10,000
Fee:12
Exchange Rate:0.1724 (6.41% from mid-rate)
To Amount (GBP)1,721.93 £
Total Cost:6.52%
Difference:
£109 GBP less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/22/2020 - View latest rates
 

Country Guides (MYR & GBP)

United KingdomUnited Kingdom (GBP)United 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 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.

PeriodMYR/GBPDate
1 Day0.185517 Feb 2020
7 Day0.186711 Feb 2020
30 Day0.189619 Jan 2020
3 Month0.185720 Nov 2019
1 Year0.189718 Feb 2019
5 Year0.178819 Feb 2015
10 Year0.190120 Feb 2010

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.

Setup myBER FX Alerts

We help you Save Money on Exchange Rates.

 

View all MYR Exchange Rates