About this pair
GBP/MYR: what to know
The GBP/MYR rate shows how much MYR you get for 1 GBP. Right now, 1 GBP buys 5.4902 MYR at the mid-market rate. In the other direction, 1 MYR is worth 0.1821 GBP.
In the short term GBP is driven mainly by Bank of England policy and the UK economy, while MYR responds to commodity prices and regional demand.
The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years. The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.