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Best MYR to GBP Exchange Rates Compared Live

The best MYR to GBP exchange rate is 0.1672. Compare foreign transfer and currency exchange rates, find better rates & deals.

MYR-GBP Best Exchange Rate Calculator
 

Comparing MYR-GBP exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Malaysian ringgit (MYR) to Pound Sterling (GBP) rates from different sources before making a conversion.

The above Ringgit to Sterling comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest MYR-GBP mid-rate (see below) and the possible savings of using another provider.

 
 

MYR to GBP Market Data

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

 
1 MYR =
0.1672We compare provider deals to this wholesale mid-market rate. Read more
GBP
-0.2%
📈1M
MYR to GBP at 0.1673 is near its 3-month average, having traded in a quite stable 4.4% range from 0.1649 to 0.1722
|
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DateMYR/GBPChangePeriod
13 Mar 2024
0.1666
0.4% â–²2 Week
28 Dec 2023
0.1704
1.9% â–¼3 Month
28 Mar 2023
0.1839
9.1% â–¼1 Year
29 Mar 2019
0.1878
11% â–¼5 Year
30 Mar 2014
0.1839
9.1% â–¼10 Year
01 Apr 2004
0.1420
17.7% â–²20 Year
MYR/GBP historic rates & change to 27-Mar-2024
 

What are equivalent amounts of MYR and GBP?

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

MYR GBP
RM 1 £ 0.1672
RM 5 £ 0.8360
RM 10 £ 1.6720
RM 20 £ 3.3440
RM 50 £ 8.3600
RM 100 £ 16.72
RM 250 £ 41.80
RM 500 £ 83.60
RM 1,000 £ 167.20
RM 2,000 £ 334.40
RM 5,000 £ 836.00
RM 10,000 £ 1,672
RM 20,000 £ 3,344
RM 50,000 £ 8,360
RM 100,000 £ 16,720
MYR GBP
RM 5.9820 £ 1
RM 29.91 £ 5
RM 59.82 £ 10
RM 119.64 £ 20
RM 299.10 £ 50
RM 598.20 £ 100
RM 1,496 £ 250
RM 2,991 £ 500
RM 5,982 £ 1,000
RM 11,964 £ 2,000
RM 29,910 £ 5,000
RM 59,820 £ 10,000
RM 119,640 £ 20,000
RM 299,100 £ 50,000
RM 598,200 £ 100,000

More amounts

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

 
 

Forecasts for MYR to GBP

 

According to recent exchange rate analyst forecasts and currency market updates, the outlook for the Malaysian Ringgit (MYR) against the British Pound (GBP) remains uncertain with varied perspectives. FX analysts have indicated that the MYR could continue to weaken against a strong USD, impacting its exchange rate against the GBP. Hong Leong Bank analysts hold a neutral-to-bearish view for the MYR due to sustained USD strength potentially affecting the MYR negatively. Additionally, Societe Generale anticipates the USD/MYR pair to trend higher, potentially reaching towards 4.95, implying possible weakness for the MYR against the GBP.

Read our full review of recent MYR to GBP forecasts.

 

How to get a good MYR to GBP exchange rate

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

  1. Shop around for the best MYR/GBP 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 MYR/GBP 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 MYR and GBP 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 Pound Sterling with Malaysian ringgit, then it's better for the MYR/GBP 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 Malaysian ringgit rise against the Pound Sterling?

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 MYR/GBP 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 the United Kingdom - a practical currency and money guide to travel, living and doing business in the United Kingdom with the Pound Sterling.

 
 
 

Currency Country Guides

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)
 

How is the expat life in the UK?

Expat life in the UK can be a positive experience, as the country is known for its rich history, culture, and diverse society. It also offers a high standard of living and a strong economy. However, as with any move to a new country, there can be challenges to overcome.

One of the biggest challenges for expats in the UK is the weather, as it can be unpredictable and quite damp, especially in the winter. Additionally, the cost of living in the UK, particularly in the larger cities such as London, can be high.

Read more at our United Kingdom (GBP) 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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