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Understanding the Table:
The comparison table above helps you see the total cost of your Royal Bank of Scotland currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
British pound (GBP) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
GBP/MYR Outlook: Bearish, as the rate is below its recent average and nearing recent lows, primarily influenced by UK political uncertainties.
GBP/USD Outlook: Slightly positive, but likely to move sideways as the rate is above its recent average but lacks a clear driver.
USD/MYR Outlook: Bearish, as the rate is below its recent average and near recent lows due to weak US economic data.
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Malaysian ringgit across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
*Converted at the current GBP-MYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The Royal Bank of Scotland GBP to MYR exchange rate is 5.1296. This is -4.4% compared to the latest GBP-MYR mid-market rate 5.3657.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
The above Royal Bank of Scotland - Sterling to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Royal Bank of Scotland and other foreign exchange providers against the latest GBP-MYR mid-rate and the possible savings of using various providers.
Looking at the full GBP to MYR - Send Money comparison table the provider with the best GBP to MYR exchange rate is OFX at 5.3496, -0.3% from the latest mid-market rate 5.3657.
The next best is Wise at 5.3475, -0.34% from the mid-rate.
Then XE at 5.3335, which is -0.6% from the mid-rate.
The Western Union rate is 5.2852 which is -1.5% from the mid-rate.
Among the banks the Lloyds Bank rate is 5.0974 at -5% the Royal Bank of Scotland rate is 5.1296 at -4.4% and the Barclays Bank rate is 5.1135 at -4.7% compared to the mid-rate 5.3657.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Royal Bank of Scotland 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.
View a full list of exchange rates by selecting your Base (from) currency:
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