The CIBC GBP to MYR rate is 5.2056. This is -7.6% below the mid-rate. Compare CIBC currency conversion rates - Reduce FX costs.
The CIBC GBP to MYR exchange rate is 5.2056. This is -7.6% compared to the latest GBP-MYR mid-market rate 5.6329.
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 5.6047 from OFX, -0.5% from the mid-market rate 5.6329. The next best rate is 5.5991 from XE, -0.6% from the mid-rate. Then Wise with 5.5935 is -0.7% from the mid-rate.
The Western Union rate is 5.5766 which is -1% from the mid-rate.
Among the banks, the Lloyds Bank rate is 5.245 at -6.9%, the Royal Bank of Scotland rate is 5.2788 at -6.3%, and the Barclays Bank rate is 5.4358 at -3.5% compared to the mid-rate 5.6329.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like CIBC 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 CIBC Sterling to Ringgit comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by CIBC and other foreign exchange providers against the latest GBP-MYR mid-rate (see Market Data below ) and the possible savings of using various providers.
One of Canada’s so-called “Big Five”, the Canadian Imperial Bank of Commerce was formed by the merger in 1961 of the Canadian Bank of Commerce and the Imperial Bank of Canada and is seen as a trusted banking institution.
The CIBC Global Money Transfer service aims to allow customers to move money across borders just as easily as making a domestic wire transfer.
When you get a quote for your Global Money Transfer from CIBC on their website or in-app, you can also see the CIBC exchange rate, but it can be difficult to then calculate how much you are being charged.
CIBC does not publish their exchange rates publicly which is frustrating. Our BER International Money Transfer partners tend to offer guaranteed transparency on all conversions.
Our research shows that on average, CIBC profit margin for foreign exchange rates is somewhere between 4 - 8%, depending on the amount you're sending, where you're sending it to and which currency will be received.
While all banks in Canada charge this markup, the extra amount being charged is much higher than it would be with a global money transfer specialist.
Note the limit with CIBC Global Money Transfer in a 24-hour period is C$30,000, if paying via credit-card C$15,000.
British pound (GBP) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | GBP/MYR | Change | Period |
|---|---|---|---|
22 Apr 2025 | 5.8282 | 3.4% ▼ | 2 Week |
05 Feb 2025 | 5.5288 | 1.8% ▲ | 3 Month |
06 May 2024 | 5.9539 | 5.4% ▼ | 1 Year |
07 May 2020 | 5.3510 | 5.2% ▲ | 5 Year |
09 May 2015 | 5.5492 | 1.5% ▲ | 10 Year |
11 May 2005 | 7.1291 | 21% ▼ | 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 exchange rate forecasts for the GBP to MYR are currently influenced by several geopolitical and economic factors, particularly with ongoing trade tensions initiated by U.S. tariffs. The British pound (GBP) has been subdued recently, reflecting investor concerns over political developments in the UK, notably following disappointing results in local elections and the anticipated decision from the Bank of England (BoE) on interest rates. Analysts suggest that uncertainty surrounding the UK’s political landscape could keep GBP under pressure in the near term.
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 in Malaysia plus living and doing business 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.
Doing business in Malaysia is relatively easy. The country has a well-developed infrastructure and a relatively business-friendly regulatory environment. Corruption is a problem, but it is not as prevalent as in some other countries in the region.
The economy in Malaysia is doing well. The country has a strong manufacturing sector, and its exports have been growing steadily. The government has been investing heavily in infrastructure and has been working to attract foreign investment. The unemployment rate is low, and the country has a relatively high level of economic freedom.
Read more at our Malaysia (MYR) country guide
Markets have shifted focus to the interest rate policies of other major central banks rather than the Federal Reserve.
Instarem provides fast, safe and cost effective cross border money transfer services for Individuals and businesses from Australia, Hong Kong, India, Malaysia and Singapore to more than 25 countries.
News2019-04-18
What is arguably Southeast Asia’s most important exchange rate, Singapore dollar-Malaysian ringgit, leapt on Thursday to its highest level since November 2017, driven by FTSE Russell’s decision to reconsider Malaysia’s inclusion in an important bond index.
Further reading on the Malaysian ringgit (MYR) - Guides, Reviews & News from our research team.
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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