BankSA MYR to GBP Exchange Rates & Currency Deals

   

GBP/MYR is at 5.6832, 0.6% below the 3-month avg. Analysts note mixed UK data and inflation concerns, alongside a resilient services sector boosting GBP. Meanwhile, BNM's recent rate cut to combat growth risks keeps MYR's outlook balanced amid external pressures

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What is the best Send Money conversion rate for MYR to GBP?

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Malaysian ringgit (MYR) to British pound (GBP) rates from different sources before making a conversion.

The above BankSA - Ringgit to Sterling comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by BankSA and other foreign exchange providers against the latest MYR-GBP mid-rate and the possible savings of using various providers. 

How do BankSA MYR-GBP rates compare between providers?

The next best is Wise at 0.1736, -0.74% from the mid-rate.

Then WorldRemit at 0.1722, which is -1.5% from the mid-rate.

Among the banks the CIMB Bank rate is 0.1695 at -3.1% the OCBC Bank rate is 0.1687 at -3.5% and the Maybank rate is 0.1687 at -3.5% compared to the mid-rate 0.1749.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like BankSA often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

 

Compare MYR to GBP Transfer Rates