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MYR to SBD Transfers Compared

MYR-SBD Rate Calculator

 
   
   
   
   
 
   

Understanding the Table:

The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.

To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.

 
 

Compare Exchange Rates & Fees - Save Time & Money

 

Sending money to the Solomon Islands can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to the Solomon Islands bank accounts or pay a Solomon Islands dollar invoice.

 
   

MYR to SBD Market Data

Malaysian ringgit (MYR) to Solomon Islands dollar (SBD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell MYR   →   Buy SBD
1 MYR = 1.9600 SBD
-0.1% since yesterday
14d-lows
MYR to SBD is at 14-day lows near 1.9586, just 0.5% above its 3-month average of 1.949, having traded in a quite stable 5.6% range from 1.8805 to 1.9862
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Tracker

Is the MYR to SBD Exchange Rate Likely to Improve?

Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Malaysian ringgit against the Solomon Islands dollar is to review how the MYR/SBD rate has changed over time.

The table below shows the percentage change in the MYR to SBD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:

DateMYR/SBDChangePeriod
07 Jul 2023
1.7910
2.3% 2 Week
22 Apr 2023
1.8702
2.1% 3 Month
21 Jul 2022
1.8275
0.2% 1 Year
22 Jul 2018
1.9417
5.7% 5 Year
23 Jul 2013
2.2317
17.9% 10 Year
26 Jul 2003
1.9290
5% 20 Year
MYR/SBD historic rates & change to 21-Jul-2023
 

MYR to SBD 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 Malaysian ringgit are worth in Solomon Islands dollar across a range of amounts.

This gives a quick view of what you’d get when converting different MYR amounts at today’s rate * :

MYR SBD
RM 1 S$ 1.9600
RM 5 S$ 9.8000
RM 10 S$ 19.60
RM 20 S$ 39.20
RM 50 S$ 98.00
RM 100 S$ 196.00
RM 250 S$ 490.00
RM 500 S$ 980.00
RM 1,000 S$ 1,960
RM 2,000 S$ 3,920
RM 5,000 S$ 9,800
RM 10,000 S$ 19,600
RM 20,000 S$ 39,200
RM 50,000 S$ 98,000
RM 100,000 S$ 196,000
MYR SBD
RM 0.5102 S$ 1
RM 2.5510 S$ 5
RM 5.1020 S$ 10
RM 10.20 S$ 20
RM 25.51 S$ 50
RM 51.02 S$ 100
RM 127.55 S$ 250
RM 255.10 S$ 500
RM 510.20 S$ 1,000
RM 1,020 S$ 2,000
RM 2,551 S$ 5,000
RM 5,102 S$ 10,000
RM 10,204 S$ 20,000
RM 25,510 S$ 50,000
RM 51,020 S$ 100,000

More amounts

*Converted at the current MYR-SBD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

What is the best Send Money conversion rate for MYR to SBD?

The best MYR to SBD exchange rate is 1.9463 from Wise. This is -0.7% compared to the mid-market rate 1.9600.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Malaysian ringgit (MYR) to Solomon Islands dollar (SBD) rates from different sources before making a conversion.

The above Ringgit to Solomon Islands dollar 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 MYR-SBD mid-rate and the possible savings of using various providers. 

How do MYR-SBD rates compare between providers?

Looking at the full MYR to SBD - Send Money comparison table the provider with the best MYR to SBD exchange rate is Wise at 1.9463, -0.7% from the latest mid-market rate 1.9600.

The next best is WorldRemit at 1.9306, -1.5% from the mid-rate.

Among the banks the CIMB Bank rate is 1.8542 at -5.4% the OCBC Bank rate is 1.8914 at -3.5% and the Maybank rate is 1.8914 at -3.5% compared to the mid-rate 1.9600.

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.

 

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View a full list of exchange rates by selecting your Base (from) currency: