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SGD/MYR - Rate Guide

Singapore Dollar to Malaysian Ringgit 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 transactions as shown below.

 

SGD/MYR Exchange Rates and Providers Compared

This guide to the Singapore Dollar to Malaysian Ringgit exchange rate with 90-day chart & alerts, historic rates, forecasts and SGD to MYR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. Calculate amounts and rate margins with the SGD/MYR Calculator.

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SGD/MYR - 90 Day Rate Alerts

1 SGD = 3.0345 MYR

NO ALERTS for SGD/MYR
SGD/MYR over the last 90 days

View SGD/MYR - Interactive Chart

Exchange rates can 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 SGD/MYR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive MYR(RM)Exchange RateFee SGDTotal CostDeal Links
TransferWise logo
30,156 MYR3.0311S$510.61%
OFX logo
29,372 MYR2.93720 for BER users (normally $15)3.19%
OCBC Bank International Money Transfers
OCBC Bank logo
29,227 MYR2.9522S$1003.67%
DBS Bank logo
29,040 MYR2.9092184.29%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
28,881 MYR2.8987184.81%
HSBC logo
28,755 MYR2.8798S$155.23%
Citibank International Money Transfers
Citibank logo
28,500 MYR2.8534126.07%
WorldRemit logo
Your amount above the WorldRemit SGD2000 maximum
 

TransferWise logo

TransferWise: Foreign Transfer SGD→MYR
From Amount:10,000 SGD
Fee:S$51 SGD (0.5% + S$1)
Exchange Rate:3.0311 (0.1% from mid-rate)
To Amount:30,156 MYR
Total Cost:0.61%
Time:1:09 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 

OFX logo

OFX: Foreign Transfer SGD→MYR
From Amount:10,000 SGD
Fee:0 for BER users (normally $15)
Exchange Rate:2.9372 (3.19% from mid-rate)
To Amount:29,372 MYR
Total Cost:3.19%
Difference:
784 MYR less than using TransferWise
Time:
Rate Fetched: Mon Sep 23 2019 00:15:39 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

OCBC Bank logo

OCBC Bank: Foreign Transfer SGD→MYR
From Amount:10,000 SGD
Fee:S$100 SGD (1%)
Exchange Rate:2.9522 (2.7% from mid-rate)
To Amount:29,227 MYR
Total Cost:3.67%
Difference:
929 MYR less than using TransferWise
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

DBS Bank logo

DBS Bank: Foreign Transfer SGD→MYR
From Amount:10,000 SGD
Fee:18
Exchange Rate:2.9092 (4.12% from mid-rate)
To Amount:29,040 MYR
Total Cost:4.29%
Difference:
1,116 MYR less than using TransferWise
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→MYR
From Amount:10,000 SGD
Fee:18
Exchange Rate:2.8857 (4.89% from mid-rate)
To Amount:28,881 MYR
Total Cost:4.81%
Difference:
1,275 MYR less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logo

HSBC: Foreign Transfer SGD→MYR
From Amount:10,000 SGD
Fee:S$15 SGD (.15%)
Exchange Rate:2.8798 (5.09% from mid-rate)
To Amount:28,755 MYR
Total Cost:5.23%
Difference:
1,401 MYR less than using TransferWise
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logo

Citibank: Foreign Transfer SGD→MYR
From Amount:10,000 SGD
Fee:12
Exchange Rate:2.8534 (5.96% from mid-rate)
To Amount:28,500 MYR
Total Cost:6.07%
Difference:
1,656 MYR less than using TransferWise
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

WorldRemit logo

WorldRemit: Foreign Transfer SGD→MYR
From Amount:10,000 SGD
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 09/23/2019 - See full table

SGD / MYR converter & margin calculator

S$SGD
RMMYR
mid-rates

Compare how much you can save on SGD/MYR exchange rates for:

Foreign Transfers

Foreign Transfers Travel Money

Singapore Dollar

Malaysian Ringgit

1 SGD 3.0345 MYR
5 SGD 15.17 MYR
10 SGD 30.35 MYR
20 SGD 60.69 MYR
50 SGD 151.73 MYR
100 SGD 303.45 MYR
250 SGD 758.63 MYR
500 SGD 1,517.25 MYR
1,000 SGD 3,034.50 MYR
2,000 SGD 6,069.00 MYR
5,000 SGD 15,172.50 MYR
10,000 SGD 30,345.00 MYR
50,000 SGD 151,725.00 MYR
100,000 SGD 303,450.00 MYR
See more

Singapore Dollar

Malaysian Ringgit

0.3295 SGD 1 MYR
1.6475 SGD 5 MYR
3.2950 SGD 10 MYR
6.5900 SGD 20 MYR
16.48 SGD 50 MYR
32.95 SGD 100 MYR
82.38 SGD 250 MYR
164.75 SGD 500 MYR
329.50 SGD 1,000 MYR
659.00 SGD 2,000 MYR
1,647.50 SGD 5,000 MYR
3,295.00 SGD 10,000 MYR
16,475.00 SGD 50,000 MYR
32,950.00 SGD 100,000 MYR
See more
Country Guides (SGD & MYR)
MalaysiaMalaysia (MYR)SingaporeSingapore (SGD)

SGD/MYR - Historical Trends

This table shows historic rates and trends of Singapore Dollar to Malaysian Ringgit over periods upto 10 years.

PeriodChange*SGD/MYRDate
1 Day-0.2%3.038819 Sep 2019
7 Day-0.1%3.035113 Sep 2019
30 Day+0.5%3.017221 Aug 2019
3 Month-0.7%3.053122 Jun 2019
1 Year0%3.032020 Sep 2018
5 Year+18.6%2.556621 Sep 2014
10 Year+23.1%2.464422 Sep 2009

*For period to 20-Sep 21UTC when SGD/MYR was 3.0328

You can use our SGD interactive charts to check SGDMYR historic trends.

Get a Better FX Deal when you Send and Spend Abroad.

 

SGD and MYR in the Markets

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

 

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.

 

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.

Why can't I just get the SGD/MYR market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the SGD / MYR was traded (bought or sold) in the international markets.

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). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however 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.

We help you Compare & Save Money on Exchange Rates.

 

View all SGD Exchange Rates