Understanding the Table:
The comparison table above helps you see the total cost of your Maybank 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 transaction type, details and click ‘GET RATES’.
British pound (GBP) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
GBP/MYR Outlook: Slightly positive, but likely to move sideways, as the rate is near its recent average and lacks a clear driver.
GBP/USD Outlook: Likely to increase, as the rate is at recent highs and supported by UK economic conditions.
USD/MYR Outlook: Bearish, as the rate is significantly below its recent average and near recent lows, pressured by ongoing USD weakness.
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 * :
*Converted at the current GBP-MYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best GBP to MYR exchange rate is 5.44 from Wise. This is -0.47% compared to the mid-market rate 5.4657.
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 Maybank - Sterling to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Maybank and other foreign exchange providers against the latest GBP-MYR mid-rate and the possible savings of using various providers.
Looking at the full GBP to MYR - Send Money comparison table the provider with the best GBP to MYR exchange rate is Wise at 5.44, -0.47% from the latest mid-market rate 5.4657.
The next best is OFX at 5.4384, -0.5% from the mid-rate.
Then XE at 5.4329, which is -0.6% from the mid-rate.
The Western Union rate is 5.4111 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 5.1924 at -5% the Royal Bank of Scotland rate is 5.2252 at -4.4% and the Barclays Bank rate is 5.2088 at -4.7% compared to the mid-rate 5.4657.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Maybank 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.
View a full list of exchange rates by selecting your Base (from) currency:
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