What is the
Western Union Send Money conversion rate for GBP to MYR?
The Western Union GBP to MYR exchange rate is 5.7022. This is -1% compared to the latest GBP-MYR mid-market rate 5.7598.
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
Western Union - Sterling to Ringgit comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Western Union and other foreign exchange providers against the latest GBP-MYR mid-rate and the possible savings of using various providers.
How do Western Union GBP-MYR rates compare between providers?
Looking at the full
GBP to MYR - Send Money comparison table the provider with the best GBP to MYR exchange rate is Wise at 5.7339, -0.45% from the latest mid-market rate 5.7598.
The next best is OFX at 5.731, -0.5% from the mid-rate.
Then XE at 5.7253, which is -0.6% from the mid-rate.
The Western Union rate is 5.7022 which is -1% from the mid-rate.
Among the banks the Lloyds Bank rate is 5.3688 at -6.8% the Royal Bank of Scotland rate is 5.4034 at -6.2% and the Barclays Bank rate is 5.5582 at -3.5% compared to the mid-rate 5.7598.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers 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
like Western Union or platforms that offer rates closer to the mid-market rate.