What is the
WorldRemit Send Money conversion rate for MYR to GBP?
The WorldRemit MYR to GBP exchange rate is 0.1708. This is -1.5% compared to the latest MYR-GBP mid-market rate 0.1734.
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
WorldRemit - Ringgit to Sterling comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
WorldRemit and other foreign exchange providers against the latest MYR-GBP mid-rate and the possible savings of using various providers.
How do WorldRemit MYR-GBP rates compare between providers?
Looking at the full
MYR to GBP - Send Money comparison table the provider with the best MYR to GBP exchange rate is OFX at 0.1725, -0.52% from the latest mid-market rate 0.1734.
The next best is Wise at 0.1722, -0.69% from the mid-rate.
Then WorldRemit at 0.1708, which is -1.5% from the mid-rate.
Among the banks the CIMB Bank rate is 0.168 at -3.1% the OCBC Bank rate is 0.1674 at -3.5% and the Maybank rate is 0.1674 at -3.5% compared to the mid-rate 0.1734.
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 WorldRemit or platforms that offer rates closer to the mid-market rate.