The live mid-rate GBP to MYR exchange rate is 5.4969. Compare currency conversion rates - Reduce FX costs.
The best GBP to MYR exchange rate is our partner deal rate of 5.4694 from OFX . This is -0.5% compared to the mid-market rate 5.4969.
The standard OFX GBP-MYR rate is 5.3377, -2.9% from the mid-rate. Visit OFX here to secure the better rate.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
Looking at our comparison table the best GBP to MYR exchange rate is 5.4694 from OFX, -0.5% from the mid-market rate 5.4969. The next best rate is 5.4639 from XE, -0.6% from the mid-rate. Wise with 5.4584 is -0.7% from the mid-rate.
The Western Union rate is 5.4419 which is -1% from the mid-rate.
Among the banks, the Lloyds Bank rate is 5.1288 at -6.7%, the Royal Bank of Scotland rate is 5.1618 at -6.1%, and the Barclays Bank rate is 5.3045 at -3.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The Sterling to Ringgit comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest GBP-MYR mid-rate (see Market Data below ) and the possible savings of using various providers.
British pound (GBP) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/MYR | Change | Period |
|---|---|---|---|
07 Jan 2025 | 5.5986 | 1.8% ▼ | 2 Week |
23 Oct 2024 | 5.6206 | 2.1% ▼ | 3 Month |
22 Jan 2024 | 6.0056 | 8.4% ▼ | 1 Year |
23 Jan 2020 | 5.3453 | 2.9% ▲ | 5 Year |
24 Jan 2015 | 5.3976 | 1.9% ▲ | 10 Year |
26 Jan 2005 | 7.1462 | 23% ▼ | 20 Year |
Here are some popular conversion amounts for GBP to MYR (British pound to Malaysian ringgit)*.
*Converted at the current GBPMYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The recent performance of the GBP to MYR exchange rate reflects a mixture of economic developments in both the UK and Malaysia, with analysts predicting continued volatility in the pair. Following the release of disappointing UK GDP data, which registered a growth of merely 0.1% in November—below the anticipated 0.2%—the British pound (GBP) has encountered downward pressure. With significant upcoming retail sales figures, the market is poised to see if these can revive GBP strength, given that fluctuations in economic data often provoke rapid changes in currency values, particularly in light of ongoing post-Brexit uncertainties. Current GBP/MYR levels are near 5.5433, indicating a valuation 1.4% lower than the 3-month average and lying within a stable range of 4.3% over recent weeks.
Read our full review of recent GBP to MYR forecasts.
There are several ways to save on exchange rates when converting British pound to Malaysian ringgit:
Generally speaking, if you are buying Malaysian ringgit with British pound, 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.
Read our Currency guide to Malaysia - a practical currency and money guide to travel, living and doing business in Malaysia with the Malaysian ringgit.
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.
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.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United Kingdom (GBP) | Malaysia (MYR) |
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.
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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