CIMB Bank GBP to MYR Exchange Rates - Compare & Save

CIMB Bank FX at a glance

CIMB Bank, also known as CIMB Group Holdings Berhad, is a leading financial institution based in Malaysia. It is one of the largest banks in Southeast Asia and operates across various countries in the region.

CIMB Bank was established in 1924 as the United Asian Bank and went through several mergers and acquisitions over the years. In 2005, it merged with Commerce International Merchant Bankers (CIMB) to form CIMB Group Holdings Berhad, the parent company of CIMB Bank.

CIMB Bank operates in multiple countries, including Malaysia, Indonesia, Thailand, Singapore, Cambodia, and Vietnam. It has a strong regional presence and provides banking services to individuals, businesses, and corporations.

How do CIMB Bank transfer exchange rates compare?

Sending or receiving international transfers to or from your CIMB Bank account will include a margin rate of between 3.5% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).

In addition to the exchange rate margin CIMB charge a fixed fee that will vary according to the product and the currencies involved, here is a table with a sample:

Products/Items	Charges
Branch	Singapore Dollar Indonesian Rupiah All other currencies
CIMB Clicks (Online)	RM10.00 RM20.00 RM30.00
SpeedSend - RM250 to RM50,000 (limit of up to RM50,000 per customer per day for all payment purposes)	RM10.00 / transaction
Inward Telegraphic Transfer/RENTAS from other banks for Credit to CIMB Account.	No charge
Inward Telegraphic Transfer from Foreign Banks or Nostro Account Statements for Credit to CIMB Account.	RM5.00
Inward Telegraphic Transfer for Credit to Other Bank Customer's Account via Banker's Cheque.	RM5.15 (Inclusive stamp duty)
Inward Telegraphic Transfer for Credit to Other Bank Customer's Account via RENTAS.	RM9.00

CIMB Bank offers various products that involve foreign exchange (FX) transactions and may charge FX margins and fees. Here are some of the products where FX these costs may apply:

International Wire Transfers: When sending or receiving international wire transfers through CIMB Bank, FX fees may be imposed. These fees are generally charged for converting funds between different currencies and may vary depending on the transfer amount and destination currency.
Credit Cards: CIMB Bank provides credit cards that can be used for international transactions. When making purchases or cash withdrawals in a currency different from the card's billing currency, a foreign transaction fee may be applied. This fee is typically a percentage of the transaction amount and is charged to cover the currency conversion costs.
Debit Cards: Similar to credit cards, CIMB Bank's debit cards can be used for international transactions. When using a debit card for purchases or cash withdrawals in a foreign currency, a foreign transaction fee may be charged.
Overseas ATM Withdrawals: If you use a CIMB Bank card to withdraw cash from ATMs located abroad, an FX fee may be applied. This fee covers the currency conversion costs associated with converting the withdrawn amount into the card's billing currency.

When sending money abroad, CIMB Bank allows you to request a real-time FX rate request, prior to scheduling an international wire. So you can check the rate and compare to the best rates from our BER partner brokers to check for a better deal.

GBP to MYR Market Data

British pound (GBP) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.

Sell GBP → Buy MYR

1 GBP = MYR

▲+0.1%

GBP to MYR at 5.7050 is just below its 3-month average, having traded in a quite stable 5.3% range from 5.5697 to 5.8653

16-MAY 8PM-NY 17-MAY 1AM-LON 8AM-HK 10AM-SYD

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1 MYR = 0.1752 GBP

Date	GBP/MYR	Change	Period
02 May 2025	5.6676	0.2% ▲	2 Week
15 Feb 2025	5.5810	1.8% ▲	3 Month
16 May 2024	5.9370	4.3% ▼	1 Year
17 May 2020	5.2590	8% ▲	5 Year
19 May 2015	5.5880	1.7% ▲	10 Year
21 May 2005	6.9564	18.3% ▼	20 Year

GBP/MYR historic rates & change to 16-May-2025

What are equivalent amounts of GBP and MYR?

Here are some popular conversion amounts for GBP to MYR (British pound to Malaysian ringgit)*.

GBP	MYR
£ 1	RM 5.7064
£ 5	RM 28.53
£ 10	RM 57.06
£ 20	RM 114.13
£ 50	RM 285.32
£ 100	RM 570.64
£ 250	RM 1,427
£ 500	RM 2,853
£ 1,000	RM 5,706
£ 2,000	RM 11,413
£ 5,000	RM 28,532
£ 10,000	RM 57,064
£ 20,000	RM 114,128
£ 50,000	RM 285,320
£ 100,000	RM 570,640

GBP	MYR
£ 0.1752	RM 1
£ 0.8760	RM 5
£ 1.7520	RM 10
£ 3.5040	RM 20
£ 8.7600	RM 50
£ 17.52	RM 100
£ 43.80	RM 250
£ 87.60	RM 500
£ 175.20	RM 1,000
£ 350.40	RM 2,000
£ 876.00	RM 5,000
£ 1,752	RM 10,000
£ 3,504	RM 20,000
£ 8,760	RM 50,000
£ 17,520	RM 100,000

More amounts

*Converted at the current GBPMYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

Forecasts for GBP to MYR

17 MayThe GBP to MYR exchange rate remains under pressure amid ongoing trade tensions and economic uncertainties. Currently priced at 5.7050, the GBP has traded within a 5.3% range, showing stability compared to its three-month average. Recent moves suggest that optimism surrounding UK-EU trade agreements could bolster the pound short-term, particularly as discussions continue at the upcoming UK-EU summit. Analysts highlight that a sharp increase in UK GDP growth figures, expected soon, could further support GBP sentiment.

Read our full review of recent GBP to MYR forecasts.

How to get a good GBP to MYR exchange rate

There are several ways to save on exchange rates when converting British pound to Malaysian ringgit:

Shop around for the best GBP/MYR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
Timing is important: Keep an eye on the GBP/MYR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both GBP and MYR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Malaysian ringgit with British pound, then it's better for the GBP/MYR exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

Read our Currency guide to Malaysia — a practical currency and money guide to travel in Malaysia plus living and doing business with the Malaysian ringgit.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Compare Rates

Will the British pound rise against the Malaysian ringgit?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add GBP/MYR to your personalised Rate Tracker to track and benefit from currency movements.

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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

Currency Country Guides

United Kingdom (GBP)

Malaysia (MYR)

How is the expat life in Malaysia?

The expat life in Malaysia can be quite comfortable, depending on where you live. Most expats live in urban areas like Kuala Lumpur, where they have access to international schools, western supermarkets, and hospitals. There are also many expat-friendly activities and events in the city.

Any laws in Malaysia that foreigners should be aware of?

There are several laws in Malaysia that foreigners should be aware of, such as the Sedition Act, the Communications and Multimedia Act, and the Official Secrets Act.

What is doing business like in Malaysia?

Doing business in Malaysia is relatively easy. The country has a well-developed infrastructure and a relatively business-friendly regulatory environment. Corruption is a problem, but it is not as prevalent as in some other countries in the region.

How is the economy in Malaysia?

The economy in Malaysia is doing well. The country has a strong manufacturing sector, and its exports have been growing steadily. The government has been investing heavily in infrastructure and has been working to attract foreign investment. The unemployment rate is low, and the country has a relatively high level of economic freedom.

Read more at our Malaysia (MYR) country guide

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