Understanding the Table:
The comparison table above helps you see the total cost of your Wise 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’.
The average GBP rate margin offered by Wise is 0.63%.
This average is based on individual GBP 10K transfer rates in the currency pairs from Wise that we monitor.
The tables below show the best and worst exchange rate margins offered by Wise for British pound (GBP 10K) transactions. Margins show the percentage difference from the mid-market rate.
British pound (GBP) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: bearish-to-range-bound, GBP/MYR is below its 90-day average and sits in the lower half of the three-month range.
Bias: range-bound, current level sits near the 90-day average and in the middle of the 3-month range.
Bias: bearish-to-range-bound, as USD/MYR sits below its 90-day average and in the lower half of the three-month range, with room to drift on US data and oil moves.
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 Wise GBP to MYR exchange rate is 5.4112. This is -0.47% compared to the latest GBP-MYR mid-market rate 5.4367.
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 Wise - Sterling to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Wise 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 5.4112, -0.47% from the latest mid-market rate 5.4367.
The next best is OFX at 5.4095, -0.5% from the mid-rate.
Then XE at 5.4041, which is -0.6% from the mid-rate.
The Western Union rate is 5.3823 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 5.1649 at -5% the Royal Bank of Scotland rate is 5.1975 at -4.4% and the Barclays Bank rate is 5.1812 at -4.7% compared to the mid-rate 5.4367.
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 like Wise 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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