OCBC Bank MYR to GBP Transfers Compared

   

GBP to MYR has stabilized near 5.6840, aligned with its 3-month average, despite budget concerns in the UK. The MYR faces downward pressure from BNM's rate cut and U.S. tariff impacts. Experts advise monitoring fiscal changes as they could influence further GBP movement

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What is the OCBC Bank Send Money conversion rate for MYR to GBP?

The OCBC Bank MYR to GBP exchange rate is 0.1706. This is -3.5% compared to the latest MYR-GBP mid-market rate 0.1768.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Malaysian ringgit (MYR) to British pound (GBP) rates from different sources before making a conversion.

The above OCBC Bank - Ringgit to Sterling comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by OCBC Bank and other foreign exchange providers against the latest MYR-GBP mid-rate and the possible savings of using various providers. 

How do OCBC Bank MYR-GBP rates compare between providers?

The next best is Wise at 0.1755, -0.74% from the mid-rate.

Then WorldRemit at 0.1741, which is -1.5% from the mid-rate.

Among the banks the CIMB Bank rate is 0.1713 at -3.1% the OCBC Bank rate is 0.1706 at -3.5% and the Maybank rate is 0.1706 at -3.5% compared to the mid-rate 0.1768.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like OCBC Bank 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.