Best Exchange Rates
Best Exchange Rates

Select where your money is...

Full country list (A-Z)

SGD to MYR

Singapore Dollar to Malaysian Ringgit - Calculate Compare Save

SGD to MYR mid-rate = 2.9972

Right now the SGD/MYR market mid-rate is 2.9972 and represents ideally how many Malaysian Ringgit you can get for one Singapore Dollar (21-08-2018 06:28:26 GMT) .

You can calculate equivalent currency amounts at this 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.

 

Currency Converter SGD to MYR

$
RM
1 SGD equals
2.9972 MYR 1MYR= 0.3336 SGD

Compare how much you can save on exchange rates for:

Foreign Transfers   

Get fee-free global money transfers with our partner OFX
3 Month SGD/MYR Chart
SGD-MYR 3 Month chart

Singapore Dollar

Malaysian Ringgit

1 SGD 2.9972 MYR
5 SGD 14.99 MYR
10 SGD 29.97 MYR
20 SGD 59.94 MYR
50 SGD 149.86 MYR
100 SGD 299.72 MYR
250 SGD 749.30 MYR
500 SGD 1,498.60 MYR
1,000 SGD 2,997.20 MYR
2,000 SGD 5,994.40 MYR
5,000 SGD 14,986.00 MYR
10,000 SGD 29,972.00 MYR
50,000 SGD 149,860.00 MYR

Singapore Dollar

Malaysian Ringgit

0.3336 SGD 1 MYR
1.6680 SGD 5 MYR
3.3360 SGD 10 MYR
6.6720 SGD 20 MYR
16.68 SGD 50 MYR
33.36 SGD 100 MYR
83.40 SGD 250 MYR
166.80 SGD 500 MYR
333.60 SGD 1,000 MYR
667.20 SGD 2,000 MYR
1,668.00 SGD 5,000 MYR
3,336.00 SGD 10,000 MYR
16,680.00 SGD 50,000 MYR

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.

DateExchange RatePeriodChange
20 Aug 20182.9932Latest
13 Aug 20182.97771 Week+0.52%
21 Jul 20182.98211 Month+0.37%
21 Feb 20182.95066 Months+1.44%
20 Aug 20173.14581 Year-4.85%
20 Aug 20162.98122 Years+0.4%
21 Aug 20132.56905 Years+16.51%
22 Aug 20082.368010 Years+26.4%

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.

Transaction Costs - Margins and Fees for SGD/MYR Transfers and Currency Exchange

The transaction margin from the mid-rate you will be charged by your bank or 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.

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending SGD 10,000 to MYR

ProviderRatingFeesExchange RateMargin
OFX logo OFX
 
$02.9234RM29,234 MYR2.42%
DBS Bank logo DBS Bank
$182.8941RM28,889 MYR3.57%
OCBC Bank logo OCBC Bank
$1002.915RM28,859 MYR3.67%
Average Bank Rate
DBS Bank logo  Citibank logo  HSBC logo  OCBC Bank logo 
$182.8781RM28,676 MYR4.28%
HSBC logo HSBC
$152.8648RM28,605 MYR4.52%
Citibank logo Citibank
$122.8385RM28,351 MYR5.37%
 
OFX logo OFX
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: RM29,234 MYR
Exchange Rate: 2.9234
(Inverse 1MYR=SGD 0.3421)
Fees: $0
Total Cost : 2.42% (from mid-rate: 2.9959)
This is the amount of money that could be received by your transfer at rate SGD/MYR=2.9234 and inclusive of the fee of $0.
Rate timestamp : Mon Aug 20 2018 23:20:36 GMT+0000 (UTC)
 
DBS Bank logo DBS Bank

Price Details
Receive: RM28,889 MYR
Exchange Rate: 2.8941
(Inverse 1MYR=SGD 0.3455)
Fees: $18
Total Cost : 3.57% (from mid-rate: 2.9959)
Receive MYR RM345 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate SGD/MYR=2.8941 and inclusive of the fee of $18.
 
OCBC Bank logo OCBC Bank

Price Details
Receive: RM28,859 MYR
Exchange Rate: 2.9150
(Inverse 1MYR=SGD 0.3431)
Fees: $100
Total Cost : 3.67% (from mid-rate: 2.9959)
Receive MYR RM375 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate SGD/MYR=2.915 and inclusive of the fee of $100.
 
Average Bank Rate
DBS Bank logo  Citibank logo  HSBC logo  OCBC Bank logo 
This is the average SGD to MYR International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.


Price Details
Receive: RM28,676 MYR
Exchange Rate: 2.8707
(Inverse 1MYR=SGD 0.3483)
Fees: $18
Total Cost : 4.28% (from mid-rate: 2.9959)
Receive MYR RM558 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate SGD/MYR=2.8781 and inclusive of the fee of $18.
 
HSBC logo HSBC
Rate available to HSBC Online Banking customers only.

Price Details
Receive: RM28,605 MYR
Exchange Rate: 2.8648
(Inverse 1MYR=SGD 0.3491)
Fees: $15
Total Cost : 4.52% (from mid-rate: 2.9959)
Receive MYR RM629 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate SGD/MYR=2.8648 and inclusive of the fee of $15.
 
Citibank logo Citibank
Rate available to Citibank customers via online banking.
Price Details
Receive: RM28,351 MYR
Exchange Rate: 2.8385
(Inverse 1MYR=SGD 0.3523)
Fees: $12
Total Cost : 5.37% (from mid-rate: 2.9959)
Receive MYR RM883 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate SGD/MYR=2.8385 and inclusive of the fee of $12.
% Margins to latest SGD/MYR mid-rate: 2.9959
Rates @ 08/21/2018


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 comparison calculators make shopping around easy and help you calculate how much you can save.


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

In April, the Monetary Authority of Singapore said for the first time in six years that it would allow the Singapore dollar to appreciate. Unconventionally, the MAS manages monetary policy by managing the value of SGD. By allowing the currency to rise, it will effectively tighten policy in response to robust economic growth – 4.3% in the fourth quarter.

USD/SGD has, for the most part, followed the broader market for dollar pairs in 2018. The pair reached 1.3 in January for the first time since 2014 but since then has rallied. It was back to 1.4 in early May.

In early May, for the first time in nearly two years, the Singapore dollar broke parity with the Australian dollar. When last seen, AUD/SGD was at 0.998.

Based on a global macro model and analyst expectations, the team at TradingEconomics.com is forecasting USD/SGD at 1.37 at the end of April 2019.

Malaysian Ringgit (MYR) - Market news and forecasts

The ringgit lost more than 5 percent of its value against the dollar between April and August 10th – the date of this report. At a rate of 4.083 per dollar, the ringgit appeared undervalued, with several analysts suggesting a push back towards 3.8-3.9, however this would take time.

Weakness in the ringgit was partly a contagion effect derived from chaos in other emerging market currencies, specifically the Turkish lira and Argentine peso, but also the effect of May’s shock election result which saw the incumbent Barisan Nasional coalition lose power in Malaysia for the first time in sixty years. A massive amount of US protectionism in 2018 has also played a part due to negative ramifications for global trade.

Deutsche Bank said in August that the ringgit was the most attractive investment proposition among all 22 emerging market currencies that it assessed.

Why can't I just get the same 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.


When you look up the current Singapore Dollar to Malaysian Ringgit exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

Getting a great SGD to MYR mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use our SGD to MYR currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates. Then choose your transaction type for specific Singapore Dollar cross rates and reviews of leading foreign exchange providers versus the Banks.