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SGD to MYR - Compare Exchange Rates

Singapore Dollar to Malaysian Ringgit - Convert Compare Save

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 and Travel Money transactions as shown below.

 

Compare SGD/MYR Exchange Rates

The below table is a snapshot of the costs charged by FX specialists and banks for SGD/MYR International Money Transfers. Costs are calculated against the amount when SGD is converted to MYR at mid-rate.

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Foreign Transfer Providers
Ratings & Reviews
Receive MYR(RM)Exchange RateFee SGDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
29,736 MYR2.973602.42%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
DBS Bank logo
29,400 MYR2.9453183.53%Online, Branch, Bank Transfers2-3 days
OCBC Bank International Money Transfers
OCBC Bank logo
29,355 MYR2.9652$1003.68%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo OCBC Bank logo
29,180 MYR2.9287184.25%Online, Branch, Bank Transfers2-3 days
HSBC logo
29,112 MYR2.9156$154.47%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
28,853 MYR2.8888125.32%Online, Branch, Bank Transfers2-3 days
 
WorldRemit logo
Your amount above the WorldRemit SGD2000 maximum
 
OFX: Foreign Transfer SGD→MYR
SGD amount:$10,000 SGD
Fee:0
Exchange Rate:2.9736 (2.42% from mid-rate)
MYR amount:29,736 MYR
Total Cost:2.42%
Time:
Rate Fetched: Tue Apr 23 2019 00:15:15 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

DBS Bank logoDBS Bank

DBS Bank: Foreign Transfer SGD→MYR
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:2.9453 (3.35% from mid-rate)
MYR amount:29,400 MYR
Total Cost:3.53%
Difference:
336 MYR less than using OFX
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

OCBC Bank logoOCBC Bank

OCBC Bank: Foreign Transfer SGD→MYR
SGD amount:$10,000 SGD
Fee:$100 SGD (1%)
Exchange Rate:2.9652 (2.7% from mid-rate)
MYR amount:29,355 MYR
Total Cost:3.68%
Difference:
381 MYR less than using OFX
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer SGD→MYR
SGD amount:$10,000 SGD
Fee:18
Exchange Rate:2.9215 (4.13% from mid-rate)
MYR amount:29,180 MYR
Total Cost:4.25%
Difference:
556 MYR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer SGD→MYR
SGD amount:$10,000 SGD
Fee:$15 SGD (.15%)
Exchange Rate:2.9156 (4.33% from mid-rate)
MYR amount:29,112 MYR
Total Cost:4.47%
Difference:
624 MYR less than using OFX
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer SGD→MYR
SGD amount:$10,000 SGD
Fee:12
Exchange Rate:2.8888 (5.21% from mid-rate)
MYR amount:28,853 MYR
Total Cost:5.32%
Difference:
883 MYR less than using OFX
Time:1:10 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
WorldRemit: Foreign Transfer SGD→MYR
SGD amount:$10,000 SGD
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 

SGD to MYR interbank exchange rate = 3.0418

Right now the SGD/MYR interbank exchange rate is 3.0418. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Malaysian Ringgit to Singapore Dollar.

This SGD/MYR Converter calculates equivalent Singapore Dollar to Malaysian Ringgit amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

SGD / MYR converter & margin calculator


$SGD
RMMYR
Mid-rates:
 

Foreign Transfers Travel Money

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SGD/MYR exchange rates for:

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1 Week SGD to MYR
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Singapore Dollar

Malaysian Ringgit

1 SGD 3.0418 MYR
5 SGD 15.21 MYR
10 SGD 30.42 MYR
20 SGD 60.84 MYR
50 SGD 152.09 MYR
100 SGD 304.18 MYR
250 SGD 760.45 MYR
500 SGD 1,520.90 MYR
1,000 SGD 3,041.80 MYR
2,000 SGD 6,083.60 MYR
5,000 SGD 15,209.00 MYR
10,000 SGD 30,418.00 MYR
50,000 SGD 152,090.00 MYR
100,000 SGD 304,180.00 MYR
See more

Singapore Dollar

Malaysian Ringgit

0.3287 SGD 1 MYR
1.6435 SGD 5 MYR
3.2870 SGD 10 MYR
6.5740 SGD 20 MYR
16.44 SGD 50 MYR
32.87 SGD 100 MYR
82.18 SGD 250 MYR
164.35 SGD 500 MYR
328.70 SGD 1,000 MYR
657.40 SGD 2,000 MYR
1,643.50 SGD 5,000 MYR
3,287.00 SGD 10,000 MYR
16,435.00 SGD 50,000 MYR
32,870.00 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
23 Apr 20193.0406Latest
16 Apr 20193.05061 Week-0.33%
24 Mar 20193.00411 Month+1.22%
25 Oct 20183.01976 Months+0.69%
23 Apr 20182.94151 Year+3.37%
23 Apr 20173.15792 Years-3.71%
24 Apr 20142.59825 Years+17.03%
25 Apr 20092.409010 Years+26.22%

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 and forecasts for Singapore Dollar and Malaysian Ringgit

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative 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

2019 has begun steadily for the Singapore dollar. In the third week of April, SGD is little changed (<1 percent) on the year against both the US dollar (S$1.356) and Australian dollar (S$0.97), but it continues to impress against the euro, relative to which it has strengthened by 2.5 percent year-to-date to S$1.524—near its strongest level in 2 years. A big-picture view shows SGD trading sideways against the pound since late 2016, now at S$1.763. SGD reached a 17-month high against the Malaysian ringgit in April, at RM3.073.

With core inflation at a 9-month low in the lead-up to this report and quarterly economic growth at a 2-year low, it’s likely that the Monetary Authority of Singapore will keep monetary policy unchanged when it next meets in October.

According to TradingEconomics.com, the Singapore dollar is likely to be worth S$1.37 per US dollar in 12 months’ time (April 2020).

Malaysian Ringgit (MYR) - Market news and forecasts

The period between April and November 2018 was a tough one for the ringgit, as it lost value against the dollar on a near-weekly basis. Fortunately, losses in that period only amounted to 8 percent and only took the currency to a 1-year low of RM4.2 — it could have been much worse.

Since then, the ringgit has turned a corner; in late February it was trading at RM4.06, near 6-month highs.

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. There are positive factors though.

“With good GDP data and strong economic fundamentals coupled with positive external factors, I believe the ringgit can go higher to RM4.02 [per USD],” a dealer said in February.

The team at TradingEconomics.com believes the ringgit weakens to RM4.14 by year-end.