Pound to Malaysian Ringgit Forecast (Predictions for GBP to MYR) - October 2025

If you’re transferring money from the UK to Malaysia or vice versa, here’s a simple look at how the British pound (GBP) and the Malaysian ringgit (MYR) are moving, and what that might mean for your money in October 2025.

GBP to MYR: Where It Stands

The pound (GBP) is currently strong against the Malaysian ringgit (MYR), hovering around recent highs.

In recent weeks, GBP has held steady or slightly risen compared to the MYR, making it more expensive to buy ringgit using pounds than earlier in the year.

What’s Driving GBP to MYR?

Several global events are influencing the GBP to MYR rate right now:

• The UK’s economy remains relatively stable, helping the pound stay strong. Despite some economic uncertainties, this strength has kept the pound attractive to investors.

• Meanwhile, Malaysia’s currency (the ringgit) is getting mixed signals. It gained ground recently against the U.S. dollar due to hints that the U.S. central bank might cut interest rates soon. However, MYR has still weakened when compared to stronger currencies like the pound and euro.

• Bank of England is not expected to raise interest rates soon, but it's also not in a rush to cut them. Investors see this as a steady hand for the pound.

• At the same time, Bank Negara Malaysia (Malaysia’s central bank) is keeping interest rates on hold, with limited economic momentum to push the ringgit higher.

In short, the pound's strength and Malaysia’s sluggish economic performance are helping the GBP to MYR pair stay elevated.

What Do the Charts Say?

Looking at technical analysis (the study of price movements), GBP/MYR is close to key resistance (the “ceiling” where prices often struggle to rise past) at 6.00.

It has generally stayed between 5.85 (support) and 6.00 (resistance) over the past month.

If GBP breaches the 6.00 mark, it could climb to around 6.05 or higher.

But if it falls below 5.85, it might head down to 5.75.

As of now, momentum seems tilted slightly in favor of the GBP, so a slow move upward is more likely in the near term.

What to Watch in October 2025

Heading into the next month (October-November 2025), keep an eye on:

• UK economic data: If inflation goes up again, the pound could get stronger.

• U.S. interest rate decisions: If the U.S. central bank cuts rates, global investors may move capital into UK assets, making the pound even stronger.

• Malaysia’s exports and trade performance: Weak export numbers could hurt MYR further.

• Regional risk sentiment: Positive news (like better China growth or stronger Asian markets) may support MYR slightly, but only if strong enough to reverse recent underperformance.

Risks Ahead

Here are some things that could shake things up:

• A surprise cut by the Bank of England would hurt GBP and could lower the exchange rate.

• Positive shocks in Malaysia’s economy (like improved trade data or higher commodity prices) may lift the ringgit.

• Escalation in global tensions or financial markets panicking could drive safe-haven demand, possibly boosting MYR slightly.

What This Means If You’re Sending GBP to MYR Abroad

Now is a relatively good time to send money from the UK (GBP) to Malaysia (MYR).

The pound is strong and currently gets you more ringgit than it did earlier in the year.

If you’re planning to send money soon, whether to family, for property, or business, consider converting now rather than waiting.

If GBP climbs above 6.00, waiting could earn you a little extra value per pound.

But if the pound slips, you might get fewer ringgit later.

Locking in current levels or using transfer services that let you fix exchange rates in advance could help you get the most value.