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SGD to MYR - Best Rates Guide

We review Singapore Dollar to Malaysian Ringgit latest & historic FX rates along with recent SGD/MYR Trend and Alerts.

 

Latest wholesale rate

1 SGD = 3.0400 MYR
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Singapore Dollar to Malaysian Ringgit
- Trend & Alerts

SGDMYR at 3.0406 is near its 90-DAY average, range 3.0251-3.0713.
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60-DAY-LOW
 
SGD to MYR chart

View My Alerts

   

Comparing SGD to MYR Exchange Rates

You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the wholesale SGD/MYR rate (aka interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for SGD to MYR International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.

 
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Singapore Dollar to Malaysian Ringgit - Quick Conversions

SGD MYR
S$ 1 RM 3.0400
S$ 5 RM 15.20
S$ 10 RM 30.40
S$ 20 RM 60.80
S$ 50 RM 152.00
S$ 100 RM 304.00
S$ 250 RM 760.00
S$ 500 RM 1,520
S$ 1,000 RM 3,040
S$ 2,000 RM 6,080
S$ 5,000 RM 15,200
S$ 10,000 RM 30,400
S$ 50,000 RM 152,000
S$ 100,000 RM 304,000
More amounts
SGD MYR
S$ 0.3290 RM 1
S$ 1.6450 RM 5
S$ 3.2900 RM 10
S$ 6.5800 RM 20
S$ 16.45 RM 50
S$ 32.90 RM 100
S$ 82.25 RM 250
S$ 164.50 RM 500
S$ 329.00 RM 1,000
S$ 658.00 RM 2,000
S$ 1,645 RM 5,000
S$ 3,290 RM 10,000
S$ 16,450 RM 50,000
S$ 32,900 RM 100,000
More amounts

Calculate other SGD/MYR amounts (from or to) at mid-market with our SGD to MYR Calculator .

Singapore Dollar and Malaysian Ringgit - Market News

 

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’s trade-reliant economy is teetering on the brink of a recession as the coronavirus pandemic weakens global trade and consumer spending.

There’s increased chance that the Monetary Authority of Singapore (MAS) could start to push the Singapore dollar lower via direct market interventions (ie the central bank actively buying and selling the Singapore dollar).

Get more details in the article Singapore Dollar Forecasts.

 

Malaysian Ringgit (MYR)

The Malaysian ringgit is up around 8% (to late November) against the US dollar since the beginning of the pandemic crisis in March and is gaining favour from bank commentators such as HSBC due to the attraction of the carry trade – the ability to earn higher interest when holding MYR versus other major currencies.

Get more details in the article Malaysian Ringgit Forecasts.

   

Country Guides - Malaysian Ringgit

 
MalaysiaMalaysia (MYR)
     

How to get Best SGD to MYR Exchange Rates

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.

 

What is a good SGD to MYR exchange rate?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Singapore Dollar vs Malaysian Ringgit current value is to look the SGD/MYR historic rate and change over a range of periods.

The following table looks at the change in the SGD to MYR exchange rate over periods from the previous week back to the last 10 years.

SGD/MYRChangePeriod
3.0441
23 Nov 2020
0.2% ▼1 Week
3.0400
31 Oct 2020
0% ▼30 Days
3.0479
01 Sep 2020
0.3% ▼90 Days
3.0546
01 Dec 2019
0.5% ▼1 Year
3.0075
02 Dec 2015
1% ▲5 Years
2.4095
03 Dec 2010
26.1% ▲10 Years

SGD/MYR 10 year historic rates & change to 30-Nov-2020 : 3.0389

 
   

Will the Singapore Dollar rise against the Malaysian Ringgit?

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 SGD/MYR to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

 

View My Alerts

 

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.