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SGD to MYR Calculator

Singapore Dollar to Malaysian Ringgit - Convert Compare Save

SGD to MYR mid-rate = 3.0444

Right now the SGD/MYR market mid-rate is 3.0444 and represents ideally how many Malaysian Ringgit you can get for one Singapore Dollar.

You can calculate equivalent Singapore Dollar to Malaysian Ringgit currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for SGD to MYR transfers or buying MYR travel money.

SGD / MYR Converter


$SGD


RMMYR
1 Singapore Dollar equals
3.0444 Malaysian Ringgit

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

Foreign Transfers

 
 
3 Month SGD to MYR Chart
Loading SGD/MYR rates

Singapore Dollar

Malaysian Ringgit

1 SGD 3.0444 MYR
5 SGD 15.22 MYR
10 SGD 30.44 MYR
20 SGD 60.89 MYR
50 SGD 152.22 MYR
100 SGD 304.44 MYR
250 SGD 761.10 MYR
500 SGD 1,522.20 MYR
1,000 SGD 3,044.40 MYR
2,000 SGD 6,088.80 MYR
5,000 SGD 15,222.00 MYR
10,000 SGD 30,444.00 MYR
50,000 SGD 152,220.00 MYR
100,000 SGD 304,440.00 MYR
See more

Singapore Dollar

Malaysian Ringgit

0.3285 SGD 1 MYR
1.6425 SGD 5 MYR
3.2850 SGD 10 MYR
6.5700 SGD 20 MYR
16.43 SGD 50 MYR
32.85 SGD 100 MYR
82.13 SGD 250 MYR
164.25 SGD 500 MYR
328.50 SGD 1,000 MYR
657.00 SGD 2,000 MYR
1,642.50 SGD 5,000 MYR
3,285.00 SGD 10,000 MYR
16,425.00 SGD 50,000 MYR
32,850.00 SGD 100,000 MYR
See more

MYR Country Guides
MalaysiaMalaysia

Singapore Dollar to Malaysian Ringgit (SGD-MYR) - 10 Year History

The below table shows the historic variation in the SGD/MYR exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of SGD versus other currencies : SGD historical charts.

DateExchange RatePeriodChange
13 Dec 20183.0491Latest
06 Dec 20183.04031 Week+0.29%
13 Nov 20183.04221 Month+0.23%
16 Jun 20182.95876 Months+3.06%
13 Dec 20173.03001 Year+0.63%
13 Dec 20163.10732 Years-1.87%
14 Dec 20132.57545 Years+18.39%
15 Dec 20082.414110 Years+26.3%

Best Rates for SGD/MYR Transfers and Travel Money

The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from SGD to MYR.

Compare SGD to MYR Foreign Transfers vs the Banks

ProvidersAmount MYR(RM)Exchange RateFee SGDTotal CostTransfer SpeedTransfer ServicesReviewsDeal Links
WorldFirst logo
29,774 MYR2.977402.27%1-2 daysOnline, Bank Account to Bank Account
 
OFX logo
29,738 MYR2.973802.39%1-2 daysOnline, Bank Account to Bank Account
 
DBS Bank logo
29,402 MYR2.9455183.5%2-3 daysOnline, Branch, Bank Account to Bank Account
OCBC Bank
OCBC Bank logo
29,348 MYR2.9644$1003.67%2-3 daysOnline, Branch, Bank Account to Bank Account
Average Rate:
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
29,179.75 MYR2.9287184.23%2-3 daysOnline, Branch, Bank Account to Bank Account
HSBC logo
29,114 MYR2.9158$154.44%2-3 daysOnline, Branch, Bank Account to Bank Account
Citibank
Citibank logo
28,855 MYR2.889125.29%2-3 daysOnline, Branch, Bank Account to Bank Account
WorldFirst: Foreign Transfer SGD→MYR
SGD amount:$10,000 SGD
Fee:
Exchange Rate:2.9774 (2.27% from mid-rate)
MYR amount:29,774 MYR
Total Cost:2.27%
Time:1:09 Local
Transfer Speed:1-2 days
Services:Online, Bank Account to Bank Account
Rating:
 
: 4.6/5.0
Reviews:
 
OFX: Foreign Transfer SGD→MYR
SGD amount:$10,000 SGD
Fee:0
Exchange Rate:2.9738 (2.39% from mid-rate)
MYR amount:29,738 MYR
Total Cost:2.39%
Difference:
MYR36 MYR less than using WorldFirst
Time:
Rate Fetched: Fri Dec 14 2018 00:15:24 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Online, Bank Account to Bank Account
Rating:
 
: 4.8/5.0
Reviews:
DBS Bank: Foreign Transfer SGD→MYR
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:2.9455 (3.32% from mid-rate)
MYR amount:29,402 MYR
Total Cost:3.5%
Difference:
MYR372 MYR less than using WorldFirst
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
OCBC Bank: Foreign Transfer SGD→MYR
SGD amount:$10,000 SGD
Fee:$100 SGD (1%)
Exchange Rate:2.9644 (2.7% from mid-rate)
MYR amount:29,348 MYR
Total Cost:3.67%
Difference:
MYR426 MYR less than using WorldFirst
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo

Foreign Transfer SGD→MYR
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:2.9217 (4.1% from mid-rate)
MYR amount:29,179.75 MYR
Total Cost:4.23%
Difference:
MYR594 MYR less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
HSBC: Foreign Transfer SGD→MYR
SGD amount:$10,000 SGD
Fee:$15 SGD (.15%)
Exchange Rate:2.9158 (4.3% from mid-rate)
MYR amount:29,114 MYR
Total Cost:4.44%
Difference:
MYR660 MYR less than using WorldFirst
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
Citibank: Foreign Transfer SGD→MYR
SGD amount:$10,000 SGD
Fee:12
Exchange Rate:2.8890 (5.18% from mid-rate)
MYR amount:28,855 MYR
Total Cost:5.29%
Difference:
MYR919 MYR less than using WorldFirst
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/14/2018.
Total Cost = Fee + exchange rate margin vs SGD/MYR mid-rate: 3.0467


Why can't I just get the SGD/MYR market rate I see on Google or in the Media?

The SGD/MYR mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the SGD / MYR was traded (bought or sold) in the international markets.

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.

The closer your final exchange rate is to the market SGD/MYR midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good SGD to MYR exchange rate

  1. Know the latest SGD/MYR market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.


Currency News, Research and Forecasts for Singapore Dollar and Malaysian Ringgit

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 SGD vs MYR, you should pay attention to both Singapore Dollar and Malaysian Ringgit news and forecasts.

Singapore Dollar (SGD) - Market news and forecasts

28-November-18: Principal drivers of the Singapore dollar in 2018 have included global trade concerns and the strong US dollar.

In October, SGD weakened to a 16-month low of S$1.387 per USD before recovering somewhat in November into the low S$1.37s – still a 2.5 percent loss for the year.

SGD fared better against the other majors though, especially the Australian dollar, against which it broke parity. At the time of writing, SGD/AUD was trading precisely at 1.00.

At October’s semi-annual meeting of the Monetary Authority of Singapore, the slope of the S$NEER currency band was adjusted slightly upwards, as widely expected, although the width and centre of the band were left unchanged. What many consider to be a more hawkish bias within the MAS is the result of improved outlooks for inflation and the labour market.

In November, ING warned against holding second-tier currencies from small, open, trade-dependent countries like Singapore because of its suspicion that trade tensions between the US and China would resurface heading into year-end.

Malaysian Ringgit (MYR) - Market news and forecasts

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

The ringgit weakened in late September to a nine-month low of RM3.035 per Singapore dollar (the currency of Malaysia’s major trading partner). It had recovered slightly by the time of this report (October-23) to RM3.02 per SGD.

There was no recovery relative to the word’s benchmark currency, the US dollar, against which the ringgit slid in October to a ten-month low of RM4.164.

Contributing to the ringgit’s weakness this year has been trade tensions between the US and China, which threaten the outlook for global trade that the ringgit so relies upon; as well as higher US interest rates and the firmer US dollar, which make dollar-denominated loan repayments more expensive.

In October, ING warned against holding emerging market currencies like the ringgit; it suspected global trade tensions would return following November’s US mid-term elections, and these would limit possibilities for ringgit appreciation.


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