Best MYR to SGD Exchange Rates - Compare & Save

In this Malaysian ringgit to Singapore dollar guide:

1 MYR = SGD

MYR to SGD at 0.3080 is 1.8% below its 90-day average 0.3137 with range 0.3072-0.3181.

11-AUG 7AM-NY 12PM-LON 7PM-HK 9PM-SYD

Sell MYR → Buy SGD

Track Rate

1 SGD = 3.2458 MYR

1-DAY▼-0.6%

90-DAY▼LOW

Singapore dollar has risen against most currencies in 2022 (except the strong USD) as the Monetary Authority of Singapore (MAS) re-centered the currency band higher in April, to combat the rapidly raising rate of inflation in the island state.

Due to the city-state’s reliance on trade, unlike most central banks, the MAS uses currency intervention as its main economic management tool.

SGD Outlook

The Malaysian ringgit has remained below 24 US cents since the end of 2021 as a firmer US dollar kept Asian currencies subdued while escalating woes due to the Russian invasion of Ukraine switched markets to safe haven mode.

MYR Outlook

Date	MYR/SGD	Change	Period
27 Jul 2022	0.3100	0.9% ▼	2 Week
12 May 2022	0.3178	3.3% ▼	3 Month
10 Aug 2021	0.3216	4.5% ▼	1 Year
11 Aug 2017	0.3167	3% ▼	5 Year
12 Aug 2012	0.3996	23.1% ▼	10 Year
15 Aug 2002	0.4597	33.2% ▼	20 Year

MYR/SGD change over periods to 10-Aug-2022

MYR to SGD - Compare & Save

The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using different FX providers.

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Provider	Amounts	Rate	Cost

Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest MYR to SGD Exchange Rate (shown above) or a transaction fee and often both!

Country Guides - Malaysian ringgit & Singapore dollar

Malaysia (MYR)

Singapore (SGD)

How to get a good MYR to SGD Exchange Rate

There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

Reduce Excessive costs and fees

Generally speaking, if you are buying Singapore dollar with Malaysian ringgit, then it's good for the MYR/SGD exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to Singapore.

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 BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

Manage My Rates

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.