Loading...
Best Exchange Rates

Home pages - full list (A-Z)

Compare MYR to SGD foreign transfers

Use our comparison table to find the best exchange rates for Singapore Dollar foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
RMMYR
$SGD

Compare Deals
Foreign Transfer Providers
Ratings & Reviews
Receive SGD($)Exchange RateFee MYRTotal CostTransfer ServicesTransfer SpeedDeal Links
 
Instarem logo
3,299 SGD0.329900.6%
 
OFX logo
3,306 SGD0.330600.39%Bank Transfers - Online & Phone1-2 days
Maybank International Money Transfers
Maybank logo
3,170.97 SGD0.3203RM1004.46%Online, Branch, Bank Transfers2-3 days
OCBC Bank International Money Transfers
OCBC Bank logo
3,170.97 SGD0.3203RM1004.46%Online, Branch, Bank Transfers2-3 days
United Overseas Bank International Money Transfers
United Overseas Bank logo
3,170.97 SGD0.3203RM1004.46%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo
3,149 SGD0.3170155.11%Online, Branch, Bank Transfers2-3 days
HSBC logo
3,131.3 SGD0.3136RM155.66%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
3,103.27 SGD0.3107126.5%Online, Branch, Bank Transfers2-3 days
Instarem: Foreign Transfer MYR→SGD
MYR amount:10,000 MYR
Fee:0
Exchange Rate:0.3299 (0.6% from mid-rate)
SGD amount:3,299 SGD
Total Cost:0.6%
Time:1:06 Local
Transfer Speed:
Services:
Rating:
 
: 3.9/5.0
Reviews:
 
OFX: Foreign Transfer MYR→SGD
MYR amount:10,000 MYR
Fee:0
Exchange Rate:0.3306 (0.39% from mid-rate)
SGD amount:3,306 SGD
Total Cost:0.39%
Difference:
$7 more than using Instarem
Time:
Rate Fetched: 1:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
Maybank: Foreign Transfer MYR→SGD
MYR amount:10,000 MYR
Fee:RM100 MYR (1%)
Exchange Rate:0.3203 (3.5% from mid-rate)
SGD amount:3,170.97 SGD
Total Cost:4.46%
Difference:
$128 less than using Instarem
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
OCBC Bank: Foreign Transfer MYR→SGD
MYR amount:10,000 MYR
Fee:RM100 MYR (1%)
Exchange Rate:0.3203 (3.5% from mid-rate)
SGD amount:3,170.97 SGD
Total Cost:4.46%
Difference:
$128 less than using Instarem
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
United Overseas Bank: Foreign Transfer MYR→SGD
MYR amount:10,000 MYR
Fee:RM100 MYR (1%)
Exchange Rate:0.3203 (3.5% from mid-rate)
SGD amount:3,170.97 SGD
Total Cost:4.46%
Difference:
$128 less than using Instarem
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo

Foreign Transfer MYR→SGD
MYR amount:10,000 MYR
Fee:15
Exchange Rate:0.3171 (4.46% from mid-rate)
SGD amount:3,149 SGD
Total Cost:5.11%
Difference:
$150 less than using Instarem
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
HSBC: Foreign Transfer MYR→SGD
MYR amount:10,000 MYR
Fee:RM15 MYR (.15%)
Exchange Rate:0.3136 (5.51% from mid-rate)
SGD amount:3,131.3 SGD
Total Cost:5.66%
Difference:
$168 less than using Instarem
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
Citibank: Foreign Transfer MYR→SGD
MYR amount:10,000 MYR
Fee:12
Exchange Rate:0.3107 (6.39% from mid-rate)
SGD amount:3,103.27 SGD
Total Cost:6.5%
Difference:
$196 less than using Instarem
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated as financial payment services. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/22/2019

1 MYR = 0.3317 SGD

This is the current MYR-SGD mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market MYR-SGD exchange rate.

3 Month Chart
Loading AUDUSD rates

Currency news and forecasts for Malaysian Ringgit and Singapore Dollar

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.

So it follows that if you are determining the best time to transact, in this case the MYR vs SGD, you should pay attention to both Malaysian Ringgit and Singapore Dollar news and forecasts.

Malaysian Ringgit (MYR) - Market news and forecasts

Like many other emerging market currencies, the ringgit struggled in 2018.

The ringgit weakened in November to a one-year low of RM4.2 per USD but had recovered slightly by the time of this report into the high RM4.17s.

Against the Singapore dollar — the currency of Malaysia’s largest trading partner — the ringgit weakened in November to 3.06 (also a one-year low at the time), before recovering to 3.043.

Among factors contributing to the ringgit’s weakness in 2018 has been political uncertainty relating to Malaysia's ruling Pakatan Harapan coalition, a 40 percent end-of-year crash in the price of oil, as well as general risk-off sentiment, driven partly by global trade tensions and most evident from a 20 percent fall in US equities prices. Higher US interest rates also make holding Malaysian currency less attractive.

“The ringgit will remain weak due to continued political uncertainty,” Fitch’s head of Asia Country Risk said in December.

For 2019 year-end, the team at TradingEconomics.com is forecasting USD/MYR and SGD/MYR at 4.19 and 3.01.

Singapore Dollar (SGD) - Market news and forecasts

4-Jan-2019: 2018 was a steady year for the Singapore dollar. It lost out marginally against the US dollar (S$1.363) with a decline of 2 percent, but that was offset by a gain of nearly 3 percent against the euro (S$1.563). The Singapore dollar was especially strong last year against the Australian dollar, relative to which it climbed 8.5 percent to a 10-year high (AUD/SGD low) of S$0.961.

With Singapore being a small, trade-dependent country, prime risks to the SGD for 2019 will include a re-emergence of trade tensions between China and the US, and/or a global economic slowdown — the latter was a real possibility at the time of writing if economic data, higher interest rates, tumbling stock prices and earnings warnings from the world’s largest companies were anything to go by.

SGD will dip slightly in early 2019, an analyst at Singaporean bank OCBC said in January, before the “confluence of an uncertain Fed and a stabilization in China allows for a more sustained uptrend.” Don’t expect too much in the way of appreciation, though. The analyst argued for a floor under USD/SGD at S$1.30, indicative of potential SGD strength worth 5 percent from January’s opening rate.

Currency News and Forecasts

Japan Allows Fintech Payments Specialists to Compete with Banks
Pound at 2-Week High Ahead of May-Juncker Brexit Meeting
Euro to Strike 20-Month Low This Week; $1.12 Beckons
HSBC Cuts Australian Dollar Forecast; Aussie to Buy Only US66¢ at Year-End
China’s Ant Financial Acquires WorldFirst
New Zealand Dollar Jumps After RBNZ Says It Won’t Lower Interest Rates