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Best Send Money to Singapore MYR/SGD Rates Compared Live

The best MYR to SGD exchange rate is 0.2851. Compare foreign transfer and currency exchange rates, find better rates & deals.

MYR-SGD Best Exchange Rate Calculator
 

Comparing MYR-SGD send money exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Malaysian ringgit (MYR) to Singapore dollar (SGD) rates from different sources before making a conversion.

The above Ringgit to Singapore dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest MYR-SGD mid-rate (see below) and the possible savings of using another provider.

 
 

MYR to SGD Market Data

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

 
1 MYR =
0.2851We compare provider deals to this wholesale mid-market rate. Read more
SGD
-0.1%
📈2M
MYR to SGD at 0.2848 is just above its 3-month average, having traded in a very stable 3.1% range from 0.2800 to 0.2887
|
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DateMYR/SGDChangePeriod
13 Mar 2024
0.2842
0.2% â–²2 Week
28 Dec 2023
0.2866
0.6% â–¼3 Month
28 Mar 2023
0.3011
5.4% â–¼1 Year
29 Mar 2019
0.3320
14.2% â–¼5 Year
30 Mar 2014
0.3853
26.1% â–¼10 Year
01 Apr 2004
0.4402
35.3% â–¼20 Year
MYR/SGD historic rates & change to 27-Mar-2024
 

What are equivalent amounts of MYR and SGD?

Here are some popular conversion amounts for MYR to SGD (Malaysian ringgit to Singapore dollar)*.

MYR SGD
RM 1 S$ 0.2851
RM 5 S$ 1.4255
RM 10 S$ 2.8510
RM 20 S$ 5.7020
RM 50 S$ 14.26
RM 100 S$ 28.51
RM 250 S$ 71.28
RM 500 S$ 142.55
RM 1,000 S$ 285.10
RM 2,000 S$ 570.20
RM 5,000 S$ 1,426
RM 10,000 S$ 2,851
RM 20,000 S$ 5,702
RM 50,000 S$ 14,255
RM 100,000 S$ 28,510
MYR SGD
RM 3.5078 S$ 1
RM 17.54 S$ 5
RM 35.08 S$ 10
RM 70.16 S$ 20
RM 175.39 S$ 50
RM 350.78 S$ 100
RM 876.95 S$ 250
RM 1,754 S$ 500
RM 3,508 S$ 1,000
RM 7,016 S$ 2,000
RM 17,539 S$ 5,000
RM 35,078 S$ 10,000
RM 70,156 S$ 20,000
RM 175,390 S$ 50,000
RM 350,780 S$ 100,000

More amounts

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

 
 

Forecasts for MYR to SGD

 

According to recent forecasts and market updates, FX analysts have varying outlooks for the Malaysian Ringgit (MYR) against the Singapore Dollar (SGD). Some analysts anticipate the MYR to experience continued weakness, especially against a strong USD, with the potential for the USD/MYR pair trending higher towards levels such as 4.95. Factors contributing to this view include sustained USD strength affecting the MYR negatively. On the other hand, the SGD is expected to exhibit more stability in February following a disappointing January, with the Monetary Authority of Singapore (MAS) opting for an unchanged monetary policy. Mixed economic data, including better-than-expected inflation figures and a rebound in retail sales, have influenced the SGD's performance.

Read our full review of recent MYR to SGD forecasts.

 

How to get a good MYR to SGD exchange rate

There are several ways to save on exchange rates when converting Malaysian ringgit to Singapore dollar:

  1. Shop around for the best MYR/SGD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the MYR/SGD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both MYR and SGD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Singapore dollar with Malaysian ringgit, then it's better 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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

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 personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to Singapore - a practical currency and money guide to travel, living and doing business in Singapore with the Singapore dollar.

 
 
 

Currency Country Guides

MalaysiaMalaysia (MYR)SingaporeSingapore (SGD)
   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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