GBP to MYR - Convert Pound Sterling to Malaysian Ringgit

Convert GBP to MYR using our currency converter with real exchange rate today

1 GBP = 5.986 MYR

1 MYR = 0.167 GBP

(Mid-market exchange rate)

Last updated Jun 17, 2024 04:21 GMT

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GBP to MYR conversion chart

Below is the live and historical Pound Sterling to Malaysian Ringgit rate chart so you can see today's rate - and how the rates have changed over time.

1 GBP = 5.986 MYR

1,000 Pound Sterling to Malaysian Ringgit stats | GBP to MYR

Stat Last 7 days Last 30 days Last 90 days Last year Selected period on chart
High 6.058 6.058 6.036 6.065 6.058
Low 5.973 5.948 5.901 5.702 5.948
Average 6.01 5.995 5.974 5.911 5.994
Volatility 1.42% 1.85% 2.29% 6.37% 1.85%

What is the Pound Sterling worth against the Malaysian Ringgit today?

1 GBP is worth 5.986 MYR today

How much is 1,000 GBP worth in MYR?

At the current exchange rate of 5.986 , a sum of 1,000 Pound Sterling is worth 5,986 Malaysian Ringgit.

Which currency is stronger? GBP or MYR?

The Pound Sterling is currently stronger than the Malaysian Ringgit given that 1 GBP is equal to 5.986 MYR. Conversely, 1 MYR is worth 0.167 GBP.

Overview of GBP to MYR Performance and Trends

Today, to buy 1,000 Pound Sterling, you need 5,986 Malaysian Ringgit. On the same date last year, you needed 5,929 Malaysian Ringgit for 1,000 Pound Sterling. This change indicates that the Pound Sterling has become stronger against the Malaysian Ringgit by 0.94% over the past year.

The pair experienced moderate volatility of 6.37%.

Moderate volatility means there is a moderate risk of price changes. It represents a balance of potential gains and risks.

GBP to MYR Currency Performance and Volatility

Last 7 Days

  • Performance: £1,000 varied between RM5.973 (weekly low) and RM6.058 (weekly high), a variance of RM0.085 .
  • Volatility: Fluctuated by 1.42%.

Last 30 Days

  • Performance: £1,000 varied between RM5.948 (30-day low) to RM6.058 (30-day high), a variance of RM0.11 .
  • Volatility: Fluctuated by 1.85%.

Last 90 Days

  • Performance: £1,000 varied between RM5.901 (90-day low) to RM6.036 (90-day high), a variance of RM0.135 .
  • Volatility: Fluctuated by 2.29%.

Last Year

  • Performance: £1,000 ranged from RM5.702 (yearly low) to RM6.065 (yearly high), a variance of RM0.363 .
  • Volatility: Fluctuated by 6.37%.

GBP to MYR Forecast and trending

Is the Pound Sterling going up or down against the Malaysian Ringgit?

Today's GBP to MYR exchange rate (5.985) is smaller compared to yesterday's rate (6.005).

Currency information

GBP - Pound Sterling

The currency code for Pound Sterling is GBP.

The GBP currency symbol is £.

Minor unit: 1/100 = Penny

GBP rank by most traded currencies: 4

Avg proportion of daily world trade volume: 6.45%

GBP rank by strongest currencies (buying power): 5

The Pound Sterling is the currency of 10 countries:
United Kingdom, Bailiwick of Guernsey, Isle of Man, Jersey, Falkland Islands, Gibraltar, South Georgia and the South Sandwich Islands, Saint Helena, British Antarctic Territory, Tristan da Cunha

More Pound Sterling (GBP) information >

MYR - Malaysian Ringgit

The currency code for Malaysian Ringgit is MYR.

The MYR currency symbol is RM.

Minor unit: 1/100 = Sen

MYR rank by most traded currencies: 32

Avg proportion of daily world trade volume: 0.10%

MYR rank by strongest currencies (buying power): 40

The Malaysian Ringgit is the currency of 1 countries:

More Malaysian Ringgit (MYR) information >

Understanding GBP to MYR Currency Exchange: Our Top Tips

Let's look at some practical information, ideas and tips to help you make sure you can get the most from your money when you convert Pound Sterling to Malaysian Ringgit, to send a payment, for a trip overseas, when shopping online or to hold a balance in Malaysian Ringgit.

How to convert GBP to MYR?

You can convert Pound Sterling to Malaysian Ringgit either in a physical location or online. If you choose to exchange money at a currency exchange store, bank or at the airport, you'll be given your Malaysian Ringgit in cash. Or, you can choose to convert digitally, to send a payment overseas for example.

If you're exchanging money in a physical location you'll usually need to take the following steps:

  • Choose an exchange service that suits your needs
  • Head there with the money in Pound Sterling cash to exchange
  • Get a quote for the exchange rate and any commission or fee you need to pay
  • Hand over your money and receive your Malaysian Ringgit in cash

Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:

  • Choose an international payment service that suits your needs and head to their desktop site, or download their app
  • Tap Send Payment
  • Enter the amount in Pound Sterling you want to send, or the amount in Malaysian Ringgit you want your recipient to get in the end
  • You'll be shown a quote for the exchange rate and any commission or fee you need to pay
  • Choose your preferred payment method, and follow the prompts to pay
  • Your money will be deposited to your recipient's bank account directly, in Malaysian Ringgit

How to get the best GBP to MYR exchange rate?

Because banks, currency exchange offices and international payment services all set their own exchange rates, you'll need to shop around a little to find the best GBP to MYR exchange rate for your specific transaction.

Get to know the GBP/MYR mid-market exchange rate using reputable currency conversion tools, so you'll be able to see how the market is trending. You can often set up rate alerts so the service you choose will send you a message when the GBP/MYR mid-market exchange rate hits your preferred level. Once you see a rate you like, act fast to complete your transaction before markets move again.

Another smart option is to open a multi-currency account which lets you hold a selection of major world currencies, often including Pound Sterling and Malaysian Ringgit. This can be helpful if you transact internationally often, live overseas, receive payments from abroad, invest in diverse markets or even if you simply love to shop online with international retailers. Because you can hold a balance in the currency or currencies of your choice, there's no need to convert from one currency to another unnecessarily - you can wait until exchange rates are favorable to avoid losing out.

How to buy Pound Sterling with Malaysian Ringgit?

You'll be able to exchange Malaysian Ringgit to Pound Sterling in the same way as you'd exchange Pound Sterling to Malaysian Ringgit. If you have Malaysian Ringgit in your pocket in cash, you can take them along to a currency exchange service and ask if they'll buy back in exchange for Malaysian Ringgit. Be aware that the exchange rate might not be great - so coming back from a trip with as little foreign cash as possible is a smart plan.

On the other hand, if you hold Pound Sterling in a bank or specialist provider account, you'll be able to take advantage of online currency exchange services which can often offer fast, efficient and good value conversion which uses a better rate than a bank would.

Where to exchange GBP to MYR?

You can exchange currencies in person at a currency exchange store, bank or airport, or use an online service instead. It's helpful to know that in person currency exchange options can offer a pretty poor deal overall, as exchange rates commonly include a markup - an extra fee. If you're exchanging somewhere with little local competition - like at an airport or hotel, for example - the chances are that the rate you get will be even worse.

A good alternative is to open a multi-currency account which lets you hold and exchange currencies digitally - and if you pick an account which also offers a linked debit card, you can make ATM withdrawals at home and abroad whenever you need cash. Digital specialist services can often offer a better exchange rate with lower overall costs compared to using your bank or exchanging cash in person - plus they're intuitive to use and let you manage your money with just your phone.

Frequently asked questions when converting Pound Sterling to Malaysian Ringgit (GBP to MYR)

How much is the Pound Sterling to Malaysian Ringgit?

The Pound Sterling to Malaysian Ringgit exchange rate today is 5.986 . Use this guide to learn more about exchanging GBP to MYR in the easiest and best value way for your specific needs.

How much is 1,000 Pound Sterling to the Malaysian Ringgit?

The GBP to MYR rate today is 5.986 . That means that 1,000 Pound Sterling would be worth 5,986 Malaysian Ringgit.

How to exchange Pound Sterling to Malaysian Ringgit?

Exchange GBP to MYR in person at a bank, currency exchange store or airport - or for a better exchange rate and to avoid standing in line in a physical store, use a digital service. Online currency exchange services are safe, intuitive and easy to use, to send payments internationally, or hold and exchange multiple currencies including GBP to MYR.

How to send money to Malaysia?

If you want to send money from UK - or anywhere else in the world - to Malaysia, you'll be able to do so through your bank or an online specialist service like Wise. Specialist international money transfer services can often offer better exchange rates and lower overall costs for payments to Malaysia - plus, you'll be able to get everything arranged with just your laptop or phone.

What is the Mid-Market Rate?

The mid-market exchange rate is the rate that banks and currency exchange services get when they buy and sell currencies like Malaysian Ringgit and Pound Sterling on wholesale markets. It's an important benchmark you can use to measure whether the exchange rate you're offered by a bank or exchange service is fair.

Usually banks and exchange services add a percentage margin - known as a markup - to the exchange rate they get themselves. But this markup can vary a lot, and in some cases pushes up the cost of currency exchange significantly. Learning about the mid-market rate and monitoring it can mean you get a better deal when you exchange currencies.

Get the live Pound Sterling to Malaysian Ringgit exchange rate with our handy tools, to help you compare your options.

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