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MYR to SGD - Rate Guide

Malaysian Ringgit to Singapore Dollar exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 MYR = 0.3347 SGD

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MYR to SGD - Trading Range (90 Day)
90-DAY HIGH (5d)
MYR/SGD at 0.3348 is trading 1.5% above the 90-day average 0.33 with a range 0.3256 to 0.3363. There are no current rate alerts.
19-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Malaysian Ringgit to Singapore Dollar

MYR

SGD

RM 1
S$ 0.3347
RM 5
S$ 1.6735
RM 10
S$ 3.3470
RM 20
S$ 6.6940
RM 50
S$ 16.74
RM 100
S$ 33.47
RM 250
S$ 83.68
RM 500
S$ 167.35
RM 1,000
S$ 334.70
RM 2,000
S$ 669.40
RM 5,000
S$ 1,674
RM 10,000
S$ 3,347
RM 50,000
S$ 16,735
RM 100,000
S$ 33,470
More amounts

MYR

SGD

RM 2.9874
S$ 1
RM 14.94
S$ 5
RM 29.87
S$ 10
RM 59.75
S$ 20
RM 149.37
S$ 50
RM 298.74
S$ 100
RM 746.85
S$ 250
RM 1,494
S$ 500
RM 2,987
S$ 1,000
RM 5,975
S$ 2,000
RM 14,937
S$ 5,000
RM 29,874
S$ 10,000
RM 149,370
S$ 50,000
RM 298,740
S$ 100,000
More amounts

To calculate specific MYR/SGD amounts use our Convert MYR to SGD quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for MYR/SGD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

MYR to SGD International Money Transfers

  

Foreign Transfer ProvidersReceive SGD(S$)Exchange RateFee MYRTotal CostDeal Links
TransferWise logo
3,324.96 S$0.3342RM510.6%
OFX logo
3,305 S$0.33050 for BER users (normally $15)1.2%
Maybank International Money Transfers
Maybank logo
3,195.72 S$0.3228RM1004.46%
OCBC Bank International Money Transfers
OCBC Bank logo
3,195.72 S$0.3228RM1004.46%
United Overseas Bank International Money Transfers
United Overseas Bank logo
3,195.72 S$0.3228RM1004.46%
Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo
3,174 S$0.3195155.11%
HSBC logo
3,155.26 S$0.316RM155.67%
Citibank International Money Transfers
Citibank logo
3,127.24 S$0.3131126.51%
 
TransferWise logo
TransferWise: Foreign Transfer MYR→SGD
From Amount (MYR)RM10,000
Fee:RM51 MYR (0.5% + RM1)
Exchange Rate:0.3342 (0.09% from mid-rate)
To Amount (SGD)3,324.96 S$
Total Cost:0.6%
Time:1:08 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer MYR→SGD
From Amount (MYR)RM10,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.3305 (1.2% from mid-rate)
To Amount (SGD)3,305 S$
Total Cost:1.2%
Difference:
S$20 SGD less than using TransferWise
Time:
Rate Fetched: 1:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
Maybank logo
Maybank: Foreign Transfer MYR→SGD
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.3228 (3.5% from mid-rate)
To Amount (SGD)3,195.72 S$
Total Cost:4.46%
Difference:
S$129 SGD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
OCBC Bank logo
OCBC Bank: Foreign Transfer MYR→SGD
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.3228 (3.5% from mid-rate)
To Amount (SGD)3,195.72 S$
Total Cost:4.46%
Difference:
S$129 SGD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
United Overseas Bank logo
United Overseas Bank: Foreign Transfer MYR→SGD
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.3228 (3.5% from mid-rate)
To Amount (SGD)3,195.72 S$
Total Cost:4.46%
Difference:
S$129 SGD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer MYR→SGD
From Amount (MYR)RM10,000
Fee:15
Exchange Rate:0.3196 (4.45% from mid-rate)
To Amount (SGD)3,174 S$
Total Cost:5.11%
Difference:
S$151 SGD less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer MYR→SGD
From Amount (MYR)RM10,000
Fee:RM15 MYR (.15%)
Exchange Rate:0.3160 (5.53% from mid-rate)
To Amount (SGD)3,155.26 S$
Total Cost:5.67%
Difference:
S$170 SGD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer MYR→SGD
From Amount (MYR)RM10,000
Fee:12
Exchange Rate:0.3131 (6.4% from mid-rate)
To Amount (SGD)3,127.24 S$
Total Cost:6.51%
Difference:
S$198 SGD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/20/2020 - View latest rates
 

Country Guides (MYR & SGD)

MalaysiaMalaysia (MYR)SingaporeSingapore (SGD)

MYR and SGD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the MYR vs SGD, you should pay attention to the recent market trends for both currencies.

Malaysian Ringgit (MYR)

Malaysia was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it added to negative sentiment, which then spurred a rise in USD/MYR to a 6-month high (MYR low) of RM4.2.

Among factors contributing to the ringgit’s weakness over the past year has been political uncertainty relating to Malaysia’s ruling Pakatan Harapan coalition, late-2018’s crash in oil prices, global trade tensions and higher US interest rates.

Read more in the article MYR Forecasts.

 

Singapore Dollar (SGD)

Singapore was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it created some negative sentiment that spurred a rise in USD/SGD to a 6-month high (SGD low) of S$1.384.

Overall, it’s been a mixed 2019 for the Singapore dollar, with small gains (<2 percent) against the euro and Australian dollar, but small losses against the US dollar and pound.

In May, SGD was pressured by data showing core inflation at a 1-year low, by an escalation in US-China trade tensions, and after Singapore’s Ministry of Trade and Industry downgraded 2019 growth forecasts. At 1.2 percent, quarterly growth in the Lion City has slowed to its lowest level in a decade.

All said, the Monetary Authority of Singapore will, at best, keep monetary policy unchanged when it next meets in October (there's a chance it could turn dovish).

Read more in the article SGD Forecasts.


How to get Best MYR to SGD Exchange Rates

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).

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 foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

What is a good MYR to SGD exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the MYR to SGD exchange rate to the present day for periods going back upto 10 years.

PeriodMYR/SGDDate
1 Day0.335217 Feb 2020
7 Day0.335511 Feb 2020
30 Day0.332319 Jan 2020
3 Month0.327020 Nov 2019
1 Year0.332518 Feb 2019
5 Year0.374419 Feb 2015
10 Year0.414720 Feb 2010

When is the best time to exchange MYR to SGD?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup myBER FX Alerts

We help you Save Money on Exchange Rates.

 

View all MYR Exchange Rates