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Sell Malaysian Ringgit

Unlike many banks and bureaux de changes we are transparent with our Malaysian Ringgit pricing. You have direct access to the live GBP/ MYR interbank exchange rate so it's easier for you to compare and see the savings you make using our buy back service. Compare our buy back rates and see how much you could save.

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1 GBP = Your exchange rate

What is the mid market rate
The mid market rate is also known as the interbank rate and it is the mid point between the buy and sell prices of a currency pair.
1 GBP = Mid Market Rate

You get British pounds

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Compare Exchange Rates

Last updated on

Source: compareholidaymoney.com

You sell us

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You get British pounds

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You Sell Exchange rate You Receive

(After fees)

You could save

*Your potential saving has been calculated using our exchange rate and the most expensive provider's rate in the market at a given point in time.

Follow these 3 simple steps to sell your Malaysian Ringgit back to us

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Place a currency buy back order online to sell Malaysian Ringgit

Once your currency buy back order is placed, you will be provided with an indicative captured interbank exchange rate and our fee

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Send your Malaysian Ringgit to us securely via Royal Mail special delivery

Please make sure the item has been insured to correct value in the event of loss or theft and keep hold of the tracking ID.

Send to the following address: TCC, PO BOX 66831, London, W27TB

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Once we receive your Malaysian Ringgit we make payment to your bank account

the real exchange rate and our fee will be applied at the time we process your order. We shall then make payment to the bank account details you have provided.

What is the interbank exchange rate for Malaysian Ringgit?

Ideally, whenever you are buying or selling Malaysian Ringgit it is always a good idea to research where the interbank exchange rate is. The interbank exchange rate gives you a guide as you want to transact as closely to it as possible. For ease, we always show what the mid market rate is on our currency converters.

In a nutshell, when you are selling back Malaysian Ringgit and converting to GBP you want to do so when the Malaysian Ringgit is strong against British Pound. This way you will get more British Pound for every Malaysian Ringgit sold. If you are buying Malaysian Ringgit the reverse applies and you should try to buy when Malaysian Ringgit weak against the British Pound since this would mean more Malaysian Ringgit for every British Pound you spend.

Sell Malaysian Ringgit

Don't settle for unreasonable charges. Instead, sell Malaysian Ringgit at the best market exchange rates.

The Official Currency Of The Malaysia - Malaysian Ringgit

The Malaysian Ringgit, formerly known as the Malaysian Dollar, has been in circulation since 1967. In today's time, the Ringgit coins are issued by the Central Bank of Malaysia. The word 'ringgit' means 'jagged' in Malay. It shares denominations with the Singapore dollar and Brunei dollar.

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Facts About The Malaysian Ringgit

Official name - Malaysian Ringgit

Code - MYR

Symbol - RM

Subunit - Sen

What's The Best Way To Sell Malaysian Ringgit?

You can approach a bank or bureau de change to exchange your leftover Malaysian Ringgit for Pounds. However, what you don't know is that they often charge:

Hefty exchange rates

Hidden fees

Fixed exchange rates for the day

Time-consuming procedures

Requires physically visit, etc.

Alternatively, you can follow these steps if you have just returned from your trip to Malaysia and want to sell the leftover travel currencies online.

Step 1 : Search for "Sell Malaysian Ringgit", and a list of promising currency exchange platforms will appear on the screen.

Step 2 : Compare the exchange rates offered by reputed online currency exchange providers and shortlist them accordingly.

Step 3 : Check if they are transparent about their rates, alongside providing access to the live interbank exchange rates for Malaysian Ringgit.

Step 4 : Select a platform that offers the lowest Pounds to Malaysian Ringgit exchange rates.

Step 5 : Register for their buy back currency services.

Step 6 : Send your leftover Malaysian Ringgit to the mentioned postal code.

Upon receiving your RM, the provider will convert your currency based on their exchange rate and transfer the exchanged amount to your registered bank account.

Most online exchange currency providers are comparatively cheaper in terms of offering lower Pounds to Malaysian Ringgit exchange rates. But, many can often levy hidden charges and commissions on their Malaysian Ringgit exchange rates. Therefore, it is always recommended to compare exchange rates before transacting.

Sell Malaysian Ringgit Through The Currency Club

If you are looking for the best exchange value against Malaysian Ringgit, opt for The Currency Club's buy back services.

But, why?

We are transparent to the core and hence offer our clients access to the live interbank rates. You can compare our live exchange rates for Malaysian Ringgit to know the actual spread.

We communicate all the necessary details to ensure that you are aware of our deals.

Moreover, we don't help you only in cash but can exchange your RM amount from your bank account at the lowest possible exchange rates. That makes us different from the rest of the online exchange currency providers, banks and bureaux de change.

In addition, our services are hassle-free, and we offer you the best exchange rates in the market due to our low operational cost.

What Currencies Can I Exchange Through The Currency Club?

We provide you buy back assistance for almost all global currencies. However, if you want to know the exact list of currencies, refer to our buy back page.

How Can I Compare The Currency Club's Exchange Rates With The Marker Rates?

We are very much confident of our Malaysian Ringgit exchange rates. If you want to explore all the options before you sell Malaysian Ringgit, we are also open to that. Compare us with the market rates and estimate your exchanged currency value.

How To Deposit Malaysian Ringgit To A Pound Account?

Though it is difficult to deposit your leftover RM to a GBP account; nevertheless you can make an international transfer from RM to a GBP account. When you approach a bank, the conversion from RM to GBP is extremely expensive, thereby reducing your exchange value; however, you get the most out of your leftover RM with us.

Would you still feel more comfortable selling Malaysian Ringgit in a London branch?

If so please visit Sterling FX for exceptional sell Malaysian Ringgit branch rates - www.sterlingfx.co.uk/london-branch

View our [ GBP to MYR] historical exchange rate graph below

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Interbank Exchange Rate

1 GBP = MYR

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What is the value of my Malaysian Ringgit note?

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GBP flagGBP MYR flagMYR

1.00 GBP
=
5.74MYR
10.00 GBP
=
57.40MYR
100.00 GBP
=
574.01MYR
1,000.00 GBP
=
5,740.14MYR
10,000.00 GBP
=
57,401.40MYR
100,000.00 GBP
=
574,014.00MYR

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MYR flag MYR GBP flagGBP

1.00 MYR
=
0.17 GBP
10.00 MYR
=
1.74 GBP
100.00 MYR
=
17.42 GBP
1,000.00 MYR
=
174.21 GBP
10,000.00 MYR
=
1,742.12 GBP
100,000.00 MYR
=
17,421.20 GBP
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Get the best exchange rate on your Malaysian Ringgit travel money and delivered directly to your door without any hidden fees with complete transparency

About Us

The Currency Club is the UK's leading online transparent foreign exchange specialist. Whether you need to buy travel money or send money internationally at low cost, transact at the best exchange rates with direct visibility of the live interbank exchange rate every time before you transact.

Whether you are a private client or a business reach us today on 020 7723 7000

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