Royal Bank of Scotland GBP to MYR Exchange Rates & Currency Deals
GBP-MYR Rate Calculator
Understanding the Table:
The comparison table above helps you see the total cost of your Royal Bank of Scotland 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’.
GBP to MYR Market Data
British pound (GBP) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
GBP to MYR is at 7-day highs near 5.4921, just 0.9% below its 3-month average of 5.5403, having traded in a quite stable 5.0% range from 5.4156 to 5.6840
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:
The GBP to MYR exchange rate is currently experiencing a decline, trading at around 5.4528, which is 1.6% lower than its three-month average of 5.5436.
The USD to MYR exchange rate has shown significant movements, particularly as the US dollar softens due to expectations of aggressive interest rate cuts by...
GBP to MYR currently trades at 5.4921, slightly under its 3-month avg of 5.5403, indicating stability amidst mixed economic signals. With the BoE cutting rates to 4.75% and MYR gaining from a strong economic backdrop, currency movements remain uncertain. Experts advise staying alert to shifts in interest rates and oil prices
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GBP to MYR Conversion: What Is Your Money Worth?
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
Royal Bank of Scotland Send Money conversion rate for GBP to MYR?
The Royal Bank of Scotland GBP to MYR exchange rate is 5.2252. This is -4.4% compared to the latest GBP-MYR 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
Royal Bank of Scotland - Sterling to Ringgit comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Royal Bank of Scotland and other foreign exchange providers against the latest GBP-MYR mid-rate and the possible savings of using various providers.
How do Royal Bank of Scotland GBP-MYR rates compare between 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 5.4404, -0.46% 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.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Royal Bank of Scotland 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.