1. Exchange Rates
  2. Singapore dollar (SGD)
  3. Malaysian ringgit (MYR)

Convert SGD to MYR at Best Exchange Rates


There are three amounts that you need to understand if you are to have any chance of getting the best possible SGD to MYR rate, these are :

  1. The SGD/MYR foreign exchange market mid-rate
  2. The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider
  3. Any fixed or percentage fees for your transfer or currency exchange.

1 Singapore dollar equals
Malaysian ringgit 1=


Right now the SGD/MYR market rate is and represents how many Malaysian ringgit you can get for one Singapore dollar. You can calculate with the current mid-rate using our SGD to MYR calculator below but note the rate will most likely be quite different by the time you make you currency exchange.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.



Why can't I just get the same SGD/MYR market rate I see on Google or in the Media?

When you look up the current Singapore dollar to Malaysian ringgit exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

Getting a great SGD to MYR mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below SGD to MYR calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Singapore dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

SGD to MYR mid-rate calculator

$
RM
1 SGD equals
MYR 1SGD=MYR


Compare rates for: Currency Exchange or Foreign Transfers
Loading SGD/MYR Chart

Singapore dollar - market update

The Singapore dollar climbed to long-term highs against the US dollar in early January after breaking the important technical level of 1.335. A single US dollar was fetching S$ 1.327 on January 5th – a rate last seen in May 2015.

In January, heightened interest in SGD followed data showing Singapore’s economy growing at 3.5% – the fastest rate of growth in three years.

In EUR/SGD, a rate of 1.6 continues to be a magnet for price. This was the rate in early January, as it was in early October, with the extremes in recent months being 1.58 and 1.61.

Malaysian ringgit - market update

The Malaysian ringgit ended 2017 with a bang. The final session of the year saw the ringgit rally to a fifteen-month high of US$ 0.2473 (USD/MYR 4.044) and also record its ninth consecutive weekly gain. The ringgit also overtook the Thai baht to become the second-best performing Asian currency of the year. The ringgit gained 10.9% against the dollar in 2017, falling short only against the South Korean won, which gained 13.2%.

The ringgit benefitted in the latter part of the year from bets that the Malaysian central bank would soon raise interest rates and from an impressive year-end rally in commodities prices, especially oil, which ended 2017 breaching $60 per barrel for the first time since mid-2015.

The ringgit’s trajectory in 2017 will have been a welcome change for Malaysians (barring exporters), who had to watch the currency’s value tumble to a nineteen-year low in 2016.

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