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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You sell us
1 GBP = Your exchange rate
Low cost fee 0.00%
1 GBP = Real exchange rate
You get British pounds
GBP
Last updated on
Source: compareholidaymoney.com
You sell us
You get British pounds
GBP
| You Sell | Exchange rate | You Receive (After fees) |
You could save | |
|---|---|---|---|---|
*We capture the exchange rates being offered by airports and high street providers once a month and calculate what spread they are taking off the live interbank rate. We then compare that to what rates we are offering to calculate the savings you can make if you use us.
*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.
Once your currency buy back order is placed, you will be provided with an indicative captured interbank exchange rate and our fee
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
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.
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.
Don't settle for unreasonable charges. Instead, sell Malaysian Ringgit at the best market exchange rates.
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.
Official name - Malaysian Ringgit
Code - MYR
Symbol - RM
Subunit - Sen
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.
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.
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.
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.
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.
If so please visit Sterling FX for exceptional sell Malaysian Ringgit branch rates - www.sterlingfx.co.uk/london-branch
We are pleased to announce that, starting from 16-Sep-2024, our international payments service for corporate clients will be managed by our sister company, Sterling FX. The Currency Club platform will now focus more on private clients, while Sterling FX will continue to cater to institutional business needs.
Please note that, aside from being redirected to the Sterling FX website, the following will remain unchanged:
You can continue to log in using your existing credentials.
You will continue to work with the same points of contact. All our team members are being retained in their current roles.
The agreed fixed margins on your account will remain the same.
The services we have provided to you thus far will continue to be offered by Sterling FX. The only differences will be slight changes to the interface, such as the website, logo, and color scheme.
We are excited to continue doing business with you and greatly appreciate your ongoing partnership.
As always should you have any questions, please feel free to get in touch on +44(0) 207 723 7000.
We are pleased to announce that, starting from 16-Sep-2024, our international payments service for corporate clients will be managed by our sister company, Sterling FX. The Currency Club platform will now focus more on private clients, while Sterling FX will continue to cater to institutional business needs.
Please note that, aside from being redirected to the Sterling FX website, the following will remain unchanged:
You can continue to log in using your existing credentials.
You will continue to work with the same points of contact. All our team members are being retained in their current roles.
The agreed fixed margins on your account will remain the same.
The services we have provided to you thus far will continue to be offered by Sterling FX. The only differences will be slight changes to the interface, such as the website, logo, and color scheme.
We are excited to continue doing business with you and greatly appreciate your ongoing partnership.
As always should you have any questions, please feel free to get in touch on +44(0) 207 723 7000.
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