The Malaysian Ringgit buy back rates below were last updated 8 minutes ago
Unless you are a frequent traveller to Malaysia you should consider exchanging any left over Ringgits back into Pounds as soon as you return. The best Malaysian Ringgit buy back rates are always offered online by specialist currency brokers who buy and sell currency over the internet at much better rates than high street brokers. The worst buy back rates are always offered by the banks so these should be avoided at all costs.
Be wary of suppliers such as the Post Office who offer buy back ‘guarantees’ when you place your order with them. These deals tend to lock you in to uncompetitive buy back rates and may also charge you a fee for the privilege of selling back to them. Instead, shop around for the best Malaysian Ringgit buy back rates – use our unique comparison table above to see who is offering the best deals and see how much you could save by selling your Ringgits back online.
There are three easy steps to selling your currency back online. All of these instructions will be explained to you as you go along and we'll also email you further instructions on what to do after you've placed your order.
Enter the amount of currency you want to sell and find the best deals using our comparison table above. If you have more than one currency to sell you can add them to your order later on. Once you've found a buyer, click 'Sell Now' where you'll be asked to fill out a buy-back order form.
We'll need a few basic details from you including your contact details, the currency(ies) you would like to sell and the bank account you would like your payment sent to. Once you've completed the quick order form you'll be asked to print a copy - don't worry if you don't have a printer handy as we'll also email you a copy and you can also write your order number on a piece paper if you don't have access to a printer. At this point we'll also send a copy of your order to the buyer so they know to expect your currency.
You'll need to then post your currency and order form (or a piece of paper containing your order number) to the buyer or drop it in to them in person if you live nearby. We recommend you send you currency via Royal Mail Special Delivery as this service is fully trackable and insured for up to £2,500 (you can split larger orders up into multiple packages if necessary).
Once the buyer receives your currency they will contact you to confirm receipt and process your payment. You will then be paid directly into your bank, usually within 3 working days of them receiving your currency.
Over the past week the Malaysian Ringgit buy back rate has worsened by 1.14% from last Thursday's rate of 5.604 to today's rate of 5.6680 which means RM750 is worth £1.51 less today than it did a week ago. During this period the worst time to sell was on Tuesday at 5.716 and the best time to sell was on Monday at 5.555.
The 90 day outlook has seen the Malaysian Ringgit buy back rate worsen by 6.92% from 5.301 on 23rd October 2016 to 5.6680 today. Based on these figures, RM750 is worth £RM9.16 less today than it did three months ago. The worst buy back rate we recorded was 5.862 on 5th December 2016 and the best buy back rate we recorded was 5.238 on 25th October 2016.
Posted by Jade Taylorson on 18th January 2017
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