SGD to MYR Market Data
Singapore dollar (SGD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
📊 Quick forecast view
⚪ Range-bound
3.1530 – 3.2090
🌍 Global risk sentiment
⚪ Range-bound
90-day market context
Currency Forecasts related to SGD/MYR
SGD to MYR Exchange Rate Forecast & Outlook
Currently, SGD/MYR is trading close to its 90-day average and near recent highs, supported by risk-off sentiment. The pair’s sideways negative bias suggests modest weakening potential if global risk conditions improve.
SGD to USD Exchange Rate Forecast & Outlook
Currently, SGD/USD is trading close to 14-day highs near 0.7745, holding near its 3-month average of 0.7808. The pair remains supported by US dollar strength driven by hawkish Fed expectations and recent US macro data.
USD to MYR Exchange Rate Forecast & Outlook
Currently, USD/MYR is trading close to 14-day lows near 4.0710, which is above the 3-month average of 4.0031. The pair is consolidating within its recent range, supported by cautious risk sentiment and safe-haven flows into USD.
SGD to MYR Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Singapore dollar are worth in Malaysian ringgit across a range of amounts.
This gives a quick view of what you’d get when converting different SGD amounts at today’s rate * :
| SGD | MYR |
|---|---|
| S$ 1,000 | RM 3,152 |
| S$ 5,000 | RM 15,762 |
| S$ 20,000 | RM 63,048 |
| S$ 100,000 | RM 315,240 |
| SGD | MYR |
|---|---|
| S$ 317.20 | RM 1,000 |
| S$ 1,586 | RM 5,000 |
| S$ 6,344 | RM 20,000 |
| S$ 31,720 | RM 100,000 |
More amounts
*Converted at the current SGD-MYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
What is the best Send Money conversion rate for SGD to MYR?
The best SGD to MYR exchange rate is 3.143 from Wise. This is -0.3% compared to the mid-market rate 3.1524.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Singapore dollar (SGD) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
The above Singapore dollar to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest SGD-MYR mid-rate and the possible savings of using various providers.
How do SGD-MYR rates compare between providers?
Looking at the full SGD to MYR - Send Money comparison table the provider with the best SGD to MYR exchange rate is Wise at 3.143, -0.3% from the latest mid-market rate 3.1524.
The next best is OFX at 3.1366, -0.5% from the mid-rate.
Then XE at 3.1335, which is -0.6% from the mid-rate.
Among the banks the CIMB Bank rate is 3.0736 at -2.5% the OCBC Bank rate is 3.0673 at -2.7% and the Maybank rate is 3.0421 at -3.5% compared to the mid-rate 3.1524.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.