The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your details and click ‘Get Rates’.
GBP to MYR Market Data
British pound (GBP) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the GBP to MYR Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the British pound against the Malaysian ringgit is to review how the GBP/MYR rate has changed over time.
The table below shows the percentage change in the GBP to MYR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Date
GBP/MYR
Change
Period
23 May 2025
5.7300
0.3% ▲
2 Week
08 Mar 2025
5.6998
0.8% ▲
3 Month
06 Jun 2024
6.0054
4.3% ▼
1 Year
07 Jun 2020
5.4278
5.8% ▲
5 Year
09 Jun 2015
5.7689
0.4% ▼
10 Year
11 Jun 2005
6.9083
16.8% ▼
20 Year
GBP/MYR historic rates & change to 06-Jun-2025
#FX Update: GBP/MYR steady @ 5.7443 despite Trump's new tariffs (10% UK, 24% MY). Analysts warn of volatility ahead as both currencies face pressure. MYR particularly vulnerable to trade war fears & oil price fluctuations (currently $65.34, -2.3% below 3M avg)
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Malaysian ringgit across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
What is the
best Send Money conversion rate for GBP to MYR?
The best GBP to MYR exchange rate is 5.6932 from Wise. This is -0.45% compared to the mid-market rate 5.7190.
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.
The above
Sterling to Ringgit comparison table
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 and the possible savings of using various providers.
How do GBP-MYR rates compare between providers?
Looking at the
full comparison table
the best GBP to MYR exchange rate is 5.6932 from Wise, -0.45% from the mid-market rate 5.7190. The next best rate is 5.6904 from OFX, -0.5% from the mid-rate. Then XE with 5.6846 is -0.6% from the mid-rate.
The Western Union rate is 5.6618 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 5.3052 at -7.2% the Royal Bank of Scotland rate is 5.3395 at -6.6% and the Barclays Bank rate is 5.5188 at -3.5% compared to the mid-rate 5.7190.
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.