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SGD to MYR - Compare Rates

Singapore Dollar to Malaysian Ringgit exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

Latest interbank rate (wholesale):

1 SGD = 3.0288 MYR

Sell SGD / Buy MYR 


SGD/MYR - Trend & Alerts

SGD/MYR at 3.0288 is a little below its 90-DAY average, range 3.0251 - 3.0895 .
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90-DAY-LOW (1d)
 
 

Comparing SGD 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' rate (interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.

 
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Singapore Dollar to Malaysian Ringgit - Quick Conversions

SGD MYR
S$ 1 RM 3.0288
S$ 5 RM 15.14
S$ 10 RM 30.29
S$ 20 RM 60.58
S$ 50 RM 151.44
S$ 100 RM 302.88
S$ 250 RM 757.20
S$ 500 RM 1,514
S$ 1,000 RM 3,029
S$ 2,000 RM 6,058
S$ 5,000 RM 15,144
S$ 10,000 RM 30,288
S$ 50,000 RM 151,440
S$ 100,000 RM 302,880
More amounts
SGD MYR
S$ 0.3302 RM 1
S$ 1.6510 RM 5
S$ 3.3020 RM 10
S$ 6.6040 RM 20
S$ 16.51 RM 50
S$ 33.02 RM 100
S$ 82.55 RM 250
S$ 165.10 RM 500
S$ 330.20 RM 1,000
S$ 660.40 RM 2,000
S$ 1,651 RM 5,000
S$ 3,302 RM 10,000
S$ 16,510 RM 50,000
S$ 33,020 RM 100,000
More amounts

To calculate other SGD/MYR FROM or TO amounts at wholesale rate use our home-page quick & easy Calculate SGD to MYR .

Country Guides - Malaysian Ringgit

 
MalaysiaMalaysia (MYR)
   

Singapore Dollar - Malaysian Ringgit Forecasting

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)

At the end of March, Singapore's central bank eased its monetary policy, as widely expected, with the city-state's bellwether economy bracing for a deep recession due to the coronavirus pandemic.

The MAS said it would adopt a zero percent per annum rate of appreciation of the policy band starting at the prevailing level, currently slightly below the mid-point of the policy band.

The markets viewed this annoucement as showing the MAS has kept some fire-power in reserve and could intervene again to lower the SGD.

NAB told Bloomberg TV that it sees a recovery in Asian currencies in the 2nd half of the year if the coronavirus comes under control.

Overall, it was 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.

Read more in the article SGD Forecasts.

 

Malaysian Ringgit (MYR)

The Malaysian ringgit is up around 2.5% against the US dollar for 2020 (in August) 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.

Read more in the article MYR Forecasts.

 

 

How to get Best SGD to MYR Exchange Rates

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.

 

Will SGD rise or fall against MYR?

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/MYR rateChangePeriod
18 Sep 2020 : 3.02510.1% ▲1 Week
26 Aug 2020 : 3.05120.7% ▼30 Days
27 Jun 2020 : 3.06651.2% ▼90 Days
26 Sep 2019 : 3.03040.1% ▼1 Year
27 Sep 2015 : 3.08551.8% ▼5 Years
28 Sep 2010 : 2.341229.4% ▲10 Years

SGD/MYR 10 year historic rates & change to 25-Sep-2020 : 3.0288

 

When is the best time to exchange SGD to MYR?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

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.

Setup BER.me FX Alerts