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SGD to MYR - Exchange Rates

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.

Foreign Exchange margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 SGD = 3.0435 MYR

   Sell SGD / Buy MYR  Switch

SGD to MYR 90-Day Trend
ALERT:1-DAY0.6% 🔔|
SGD/MYR at 3.0425 was trading 0.7% above AVG:3.021 with LO:2.9739 and HI:3.0608 (90 days). ALERT: Today SGD/MYR is UP 0.6%
06-APR 9PM-NY 07-APR 2AM-LON 9AM-HK 11AM-SYD

Convert SGD to MYR More Charts


Quick Conversions from Singapore Dollar to Malaysian Ringgit

SGD MYR
S$ 1 RM 3.0435
S$ 5 RM 15.22
S$ 10 RM 30.44
S$ 20 RM 60.87
S$ 50 RM 152.18
S$ 100 RM 304.35
S$ 250 RM 760.88
S$ 500 RM 1,522
S$ 1,000 RM 3,044
S$ 2,000 RM 6,087
S$ 5,000 RM 15,218
S$ 10,000 RM 30,435
S$ 50,000 RM 152,175
S$ 100,000 RM 304,350
More amounts
SGD MYR
S$ 0.3286 RM 1
S$ 1.6430 RM 5
S$ 3.2860 RM 10
S$ 6.5720 RM 20
S$ 16.43 RM 50
S$ 32.86 RM 100
S$ 82.15 RM 250
S$ 164.30 RM 500
S$ 328.60 RM 1,000
S$ 657.20 RM 2,000
S$ 1,643 RM 5,000
S$ 3,286 RM 10,000
S$ 16,430 RM 50,000
S$ 32,860 RM 100,000
More amounts

To calculate your own SGD/MYR amounts use our Convert SGD to MYR quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also 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.

 
  

SGD to MYR International Money Transfers

  

Foreign Transfer Provider Receive MYR(RM) Exchange RateFee SGDDeal Links
TransferWise logo
RM30,240
0.61%
3.0395S$51
OFX logo
RM29,418
3.31%
2.94180 for BER users (normally $15)
OCBC Bank International Money Transfers
OCBC Bank logo
RM29,308
3.67%
2.9604S$100
DBS Bank logo
RM29,086
4.4%
2.913818
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
RM28,935
4.9%
2.904118
HSBC logo
RM28,800
5.34%
2.8843S$15
Citibank International Money Transfers
Citibank logo
RM28,544
6.18%
2.857812
WorldRemit logo
Your amount above the WorldRemit SGD2000 maximum
1%
 
TransferWise logo
TransferWise: Foreign Transfer SGD→MYR
From Amount (SGD)S$10,000
Fee:S$51 SGD (0.5% + S$1)
Exchange Rate:3.0395 (0.1% from mid-rate)
To Amount (MYR) RM30,240
Total Cost:0.61%
Time:1:13 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer SGD→MYR
From Amount (SGD)S$10,000
Fee:0 for BER users (normally $15)
Exchange Rate:2.9418 (3.31% from mid-rate)
To Amount (MYR) RM29,418
Total Cost:3.31%
Difference:
RM822 MYR less than using TransferWise
Time:
Rate Fetched: Tue Apr 07 2020 00:15:22 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 (SGD)S$10,000
Fee:S$100 SGD (1%)
Exchange Rate:2.9604 (2.7% from mid-rate)
To Amount (MYR) RM29,308
Total Cost:3.67%
Difference:
RM932 MYR less than using TransferWise
Time:1:13 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 (SGD)S$10,000
Fee:18
Exchange Rate:2.9138 (4.23% from mid-rate)
To Amount (MYR) RM29,086
Total Cost:4.4%
Difference:
RM1,154 MYR less than using TransferWise
Time:1:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer SGD→MYR
From Amount (SGD)S$10,000
Fee:18
Exchange Rate:2.8902 (5.01% from mid-rate)
To Amount (MYR) RM28,935
Total Cost:4.9%
Difference:
RM1,305 MYR less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer SGD→MYR
From Amount (SGD)S$10,000
Fee:S$15 SGD (.15%)
Exchange Rate:2.8843 (5.2% from mid-rate)
To Amount (MYR) RM28,800
Total Cost:5.34%
Difference:
RM1,440 MYR less than using TransferWise
Time:1:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer SGD→MYR
From Amount (SGD)S$10,000
Fee:12
Exchange Rate:2.8578 (6.07% from mid-rate)
To Amount (MYR) RM28,544
Total Cost:6.18%
Difference:
RM1,696 MYR less than using TransferWise
Time:1:13 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
WorldRemit logo
WorldRemit: Foreign Transfer SGD→MYR
From Amount (SGD)S$10,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 04/07/2020 - View latest rates
 

Country Guides (SGD & MYR)

MalaysiaMalaysia (MYR)SingaporeSingapore (SGD)

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)

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)

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.


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.

What is a good SGD to MYR exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the SGD to MYR exchange rate to the present day for periods going back upto 10 years.

PeriodChange*SGD/MYRDate
1 Day-0.6%3.046302 Apr 2020
7 Day-0.1%3.031027 Mar 2020
30 Day+0.3%3.018004 Mar 2020
3 Month-0.4%3.039404 Jan 2020
1 Year+0.5%3.012004 Apr 2019
5 Year+12%2.701405 Apr 2015
10 Year+31.6%2.300506 Apr 2010

*For period to 03-Apr 21UTC when SGD/MYR was 3.0268

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

We help you Save Money on Exchange Rates.

 

View all SGD Exchange Rates