Compare the best Malaysian ringgit buyback rates and exchange Malaysian ringgits to pounds
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You receive £165.24 | Buyback rate 5.7941 | Estimated postage £7.35 | Sell Now |
| Currency Online Group ❯ | ||||
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You receive £164.25 | Buyback rate 5.8275 | Estimated postage £7.35 | Sell Now |
| The Currency Club ❯ | ||||
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You receive £164.25 | Buyback rate 5.8275 | Estimated postage £7.35 | Sell Now |
| Sterling ❯ | ||||
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You receive £162.47 | Buyback rate 5.8885 | Estimated postage £7.35 | Sell Now |
| Travel FX ❯ | ||||
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You receive £156.03 | Buyback rate 6.1207 | Estimated postage £7.35 | Sell Now |
| Covent Garden FX ❯ | ||||
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You receive £149.78 | Buyback rate 6.364 | Estimated postage £7.35 | Sell Now |
| ACE-FX ❯ | ||||
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You receive £146.69 | Buyback rate 6.4919 | Estimated postage £7.35 | Sell Now |
| Manor FX ❯ | ||||
It's easy to sell your leftover Malaysian ringgits online. Use our Malaysian ringgit buyback comparisons to find the best deal, then follow the link to the buyer's website to place your order online and lock-in your buyback rate. You'll need to decide whether to post your Malaysian ringgits to the buyer, or try searching for a store near you so you can exchange your Malaysian ringgits in person.
Sell by postSecurely package your Malaysian ringgits and post it to the buyer using Royal Mail Special Delivery which is fully tracked and insured. Once the buyer has received your package they'll pay you by bank transfer within one working day.
Sell in-storeUse our store finder to search for your nearest currency exchange, then simply take your Malaysian ringgits to the store to sell over the counter. You'll save on postage fees, but availability varies by location and you'll have fewer deals to choose from compared to selling by post.
Currency Online Group are offering the best Malaysian ringgit buyback rate right now at 5.7941. At this rate, 1 Malaysian ringgit is worth £0.17. You'll need to place your order online to get this rate which is based on a comparison of 7 foreign exchange companies and assumes you were selling 1000 Malaysian ringgits by post.
It can be difficult to exchange leftover Malaysian ringgit coins. Banks and foreign exchange companies don't generally accept coins because they're expensive to process and transport, so your options for exchanging any leftover shrapnel back into pounds can be limited:
Over the past 30 days, the Malaysian ringgit buyback rate has risen 0.71% from 5.7941 on 14 Oct to 5.8352 today. This means Malaysian ringgits can be exchanged for more pounds today compared to a month ago. Right now, RM 1000 is worth approximately £171.37 which is £1.22 more than you'd have got on 14 Oct.
These are the average Malaysian ringgit buyback rates taken from our panel of UK travel money providers at the end of each day. You can explore this further on our Malaysian ringgit to British pound currency chart.
No, you'll get more for your Malaysian ringgits if you sell when the Malaysian ringgit buyback rate is low. This is due to a quirk of how British currency providers display their buyback exchange rates.
When you buy Malaysian ringgits, the exchange rate you get is the amount of Malaysian ringgits you'll receive for every pound that you spend, so for example a rate of 5.7941 means you'd get RM 5.7941 for each £1 that you spend. You can calculate the total amount of Malaysian ringgits you'd receive for a given amount of sterling by simply multiplying the sterling amount by the exchange rate.
When it comes to selling Malaysian ringgits, the buyback rate is expressed in terms of how many Malaysian ringgits you'd need to sell in order to get £1, so a buyback rate of 5.7941 means you'd need to sell RM 5.7941 to get £1. To calculate the sterling value of a given amount of Malaysian ringgits, you need to divide the Malaysian ringgit amount by the buyback rate. Since you're dividing by the buyback rate, a lower buyback rate means you'd get more sterling compared to a higher buyback rate.
One Malaysian ringgit (RM) can be subdivided into 100 sen. There are six denominations of Malaysian ringgit banknotes in frequent circulation: RM 1, RM 5, RM 10, RM 20, RM 50 and RM 100; and four coin denominations: 5 sen, 10 sen, 20 sen and 50 sen.
The current series of Malaysian ringgit banknotes in circulation is the 'Fourth Series' which was introduced by the Central Bank of Malaysia in 2012. Each banknote in the series features a portrait of the first Yang di-Pertuan Agong (the King of Malaysia) on the obverse side, with a different monarch featuring on each denomination. The reverse side of each banknote highlights various aspects of Malaysian culture such as traditional handicrafts, wildlife, flora, and landmarks. For example, the RM 20 note features a portrait of Yang di-Pertuan Agong Tuanku Abdul Rahman and an illustration of the Malaysian National Mosque on the back, while the higher RM 50 and RM 100 denominations depict images of the Petronas Twin Towers and Mount Kinabalu.
| Denomination | Sterling equivalent |
|---|---|
| RM 1 | £0.17 |
| RM 5 | £0.86 |
| RM 10 | £1.73 |
| RM 20 | £3.45 |
| RM 50 | £8.63 |
| RM 100 | £17.26 |
| Denomination | Sterling equivalent |
|---|---|
| 5 sen | £0.01 |
| 10 sen | £0.02 |
| 20 sen | £0.03 |
| 50 sen | £0.09 |