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    MYR to SGD 2024 Forecasts

    Analysis of recent Ringgit→Singapore dollar forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Malaysian ringgit to Singapore dollar performance and trends.


    Forecasts for MYR to SGD

    90-DAY LOW

    According to recent analyst forecasts and currency market updates, the Malaysian Ringgit (MYR) is expected to remain relatively stable against the Singapore Dollar (SGD) in the near term. The MYRSGD pair has been trading in a tight range, with a 90-day low near 0.2859 and a 3-month average of 0.2896. However, it is worth noting that the MYRSGD exchange rate is influenced by various factors, including the performance of other major currencies.

    The MYR's strength is supported by the recovery of the tourism sector in Malaysia, which could lead to a narrower deficit in the country's services account. This positive impact on the Ringgit is expected to continue, as enquiries from foreigners for real estate properties in Malaysia have been increasing due to the currently cheaper Ringgit and lower cost of living compared to neighboring Singapore.

    On the other hand, the SGD is managed by the Monetary Authority of Singapore (MAS) against a basket of currencies from major trading partners. The MAS plays an active role in maintaining the stability of the SGD value. While the SGD remains resilient, the MYR's long-term weakness, coupled with factors such as increased taxes on property purchased by foreigners in Singapore, may attract expatriates and high-valued foreigners to Malaysia.

    Additionally, fluctuations in oil prices can also impact the MYR. As Malaysia is one of the largest oil producers in Asia, lower oil prices can contribute to weakness in the currency. It is worth noting that the recent Brent Crude OIL/USD price data shows oil trading below its 3-month average, indicating a downward trend. This could potentially put pressure on the MYR.

    In conclusion, based on the market view and current factors, the MYRSGD exchange rate is expected to remain stable in the near term, with an exchange rate range forecast of 0.2859 to 0.2923. However, the outlook for the MYR is subject to various economic factors, including the recovery of the tourism sector and oil price movements, which could influence its strength against the SGD.


    MYR to SGD Market Data

    Malaysian ringgit (MYR) to Singapore dollar (SGD) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 MYR =
    0.2862We compare provider deals to this wholesale mid-market rate. Read more
    MYR to SGD is at 90-day lows near 0.2847, 1.6% below its 3-month average of 0.2893, having traded in a very stable 2.7% range from 0.2847 to 0.2923
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    90-DAY LOW

    Compare & Save - Malaysian ringgit to Singapore dollar

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Malaysian ringgit (MYR) to Singapore dollar (SGD) rates from different sources before making a conversion.

    Use our MYR to SGD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Ringgit to Singapore dollar currency rates and the possible savings of using various providers.

    14 Nov 2023
    0.3% 2 Week
    30 Aug 2023
    2.1% 3 Month
    28 Nov 2022
    7.5% 1 Year
    29 Nov 2018
    13% 5 Year
    30 Nov 2013
    26.8% 10 Year
    03 Dec 2003
    37% 20 Year
    MYR/SGD historic rates & change to 28-Nov-2023

    Will the Malaysian ringgit rise against the Singapore dollar?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add MYR/SGD to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    Read our Currency guide to Singapore - a practical currency and money guide to travel, living and doing business in Singapore with the Singapore dollar.


    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more