MYR to GBP - Convert Malaysian Ringgit to Pound Sterling

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

1 MYR = 0.165 GBP

1 GBP = 6.061 MYR

(Mid-market exchange rate)

Last updated Jul 22, 2024 10:47 GMT

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MYR to GBP conversion chart

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

1 MYR = 0.165 GBP


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

Stat Last 7 days Last 30 days Last 90 days Last year Selected period on chart
High 0.165 0.168 0.169 0.175 0.168
Low 0.164 0.164 0.165 0.165 0.164
Average 0.165 0.166 0.167 0.169 0.166
Volatility 0.61% 2.44% 2.42% 6.06% 2.44%

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

1 MYR is worth 0.165 GBP today

How much is 1,000 MYR worth in GBP?

At the current exchange rate of 0.165 , a sum of 1,000 Malaysian Ringgit is worth 165 Pound Sterling.

Which currency is stronger? MYR or GBP?

The Pound Sterling is currently stronger than the Malaysian Ringgit given that 1 GBP is equal to 6.061 MYR. Conversely, 1 MYR is worth 0.165 GBP.

Overview of MYR to GBP Performance and Trends

Today, to buy 1,000 Malaysian Ringgit, you need 165 Pound Sterling. On the same date last year, you needed 170 Pound Sterling for 1,000 Malaysian Ringgit. This change indicates that the Malaysian Ringgit has lost value against the Pound Sterling by 2.94% over the past year.

The pair experienced moderate volatility of 6.06%.

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

MYR to GBP Currency Performance and Volatility

Last 7 Days

  • Performance: RM1,000 varied between £0.164 (weekly low) and £0.165 (weekly high), a variance of £0.001 .
  • Volatility: Fluctuated by 0.61%.

Last 30 Days

  • Performance: RM1,000 varied between £0.164 (30-day low) to £0.168 (30-day high), a variance of £0.004 .
  • Volatility: Fluctuated by 2.44%.

Last 90 Days

  • Performance: RM1,000 varied between £0.165 (90-day low) to £0.169 (90-day high), a variance of £0.004 .
  • Volatility: Fluctuated by 2.42%.

Last Year

  • Performance: RM1,000 ranged from £0.165 (yearly low) to £0.175 (yearly high), a variance of £0.01 .
  • Volatility: Fluctuated by 6.06%.

MYR to GBP Forecast and trending

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

Today's MYR to GBP exchange rate (0.165) is smaller compared to yesterday's rate (0.165).

Currency 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 >

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 >

Understanding MYR to GBP 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 Malaysian Ringgit to Pound Sterling, to send a payment, for a trip overseas, when shopping online or to hold a balance in Pound Sterling.

How to convert MYR to GBP?

You can convert Malaysian Ringgit to Pound Sterling 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 Pound Sterling 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 Malaysian Ringgit 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 Pound Sterling 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 Malaysian Ringgit you want to send, or the amount in Pound Sterling 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 Pound Sterling

How to get the best MYR to GBP 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 MYR to GBP exchange rate for your specific transaction.

Get to know the MYR/GBP 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 MYR/GBP 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 Malaysian Ringgit and Pound Sterling. 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 Malaysian Ringgit with Pound Sterling?

You'll be able to exchange Pound Sterling to Malaysian Ringgit in the same way as you'd exchange Malaysian Ringgit to Pound Sterling. If you have Pound Sterling 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 Pound Sterling. 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 Malaysian Ringgit 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 MYR to GBP?

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 Malaysian Ringgit to Pound Sterling (MYR to GBP)

How much is the Malaysian Ringgit to Pound Sterling?

The Malaysian Ringgit to Pound Sterling exchange rate today is 0.165 . Use this guide to learn more about exchanging MYR to GBP in the easiest and best value way for your specific needs.

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

The MYR to GBP rate today is 0.165 . That means that 1,000 Malaysian Ringgit would be worth 165 Pound Sterling.

How to exchange Malaysian Ringgit to Pound Sterling?

Exchange MYR to GBP 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 MYR to GBP.

How to send money to United Kingdom?

If you want to send money from Malaysia - or anywhere else in the world - to United Kingdom, 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 United Kingdom - 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 Pound Sterling and Malaysian Ringgit 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 Malaysian Ringgit to Pound Sterling exchange rate with our handy tools, to help you compare your options.

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