About this pair
MYR/GBP: what to know
The MYR/GBP rate shows how much GBP you get for 1 MYR. Right now, 1 MYR buys 0.1817 GBP at the mid-market rate. In the other direction, 1 GBP is worth 5.5048 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while GBP responds to Bank of England policy and the UK economy.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. The British Pound (GBP) is issued by Bank of England. The pound sterling has been in use for over 1,200 years.
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.