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    MYR to SGD Exchange Rates

    Compare & Save on Malaysian ringgit to Singapore dollar FX rates - Check MYR/SGD Trends and Forecasts.

     
    1 MYR =
    0.3209We compare provider deals to this wholesale mid-market rate. Read more
    SGD
    Sell MYR   →   Buy SGD
     
    90-DAYLOW
    MYR to SGD at 0.3210 is 0.8% below average of its 90-day range 0.3210-0.3263.
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    Track Rate
      1 SGD = 3.1162 MYR
    MYR/SGD wasChangePeriod
    0.3228
    10 Jan 2022
    0.4% 2 Weeks
    0.3248
    26 Oct 2021
    1% 90 Days
    0.3286
    24 Jan 2021
    2.2% 1 Year
    0.3184
    25 Jan 2017
    0.9% 5 Years
    0.4122
    27 Jan 2012
    22% 10 Years
    0.4828
    29 Jan 2002
    33.4% 20 Years
    MYR/SGD change over periods to 24-Jan-2022

    The inflation rate in Singapore unexpectedly rose in December to 4 percent. This puts pressure on the local central bank to raise interest rates.

    However, commentators expect MAS to keep the hawkish tone it has maintained over the last few meetings despite continued high inflation. This is because it does not want to overly stimulate an overheating economy.

    Large price increases will likely cause pressure on policymakers to tighten monetary policy furthermore in order to stop the rise in prices.

    In 2021 the Singapore dollar traded in range from 0.72 to 0.75 to the greenback.

     SGD Outlook


    The Malaysian ringgit has fallen below 24 cents as a firmer US dollar kept Asian currencies subdued while escalating woes at indebted developer China Evergrande switched markets to safe haven mode.

     MYR Outlook

    90-DAYLOW

    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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    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!

     

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    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

    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.

    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.

     

    Rate Tracker

     

    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.