Comparing SGD to 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 SGD/MYR rate ( interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for SGD to MYR International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.
Singapore Dollar to Malaysian Ringgit - Quick Conversions
|
SGD |
MYR |
| S$ 1 |
RM 3.0354 |
| S$ 5 |
RM 15.18 |
| S$ 10 |
RM 30.35 |
| S$ 20 |
RM 60.71 |
| S$ 50 |
RM 151.77 |
| S$ 100 |
RM 303.54 |
| S$ 250 |
RM 758.85 |
| S$ 500 |
RM 1,518 |
| S$ 1,000 |
RM 3,035 |
| S$ 2,000 |
RM 6,071 |
| S$ 5,000 |
RM 15,177 |
| S$ 10,000 |
RM 30,354 |
| S$ 50,000 |
RM 151,770 |
| S$ 100,000 |
RM 303,540 |
| More amounts |
|
SGD |
MYR |
| S$ 0.3294 |
RM 1 |
| S$ 1.6470 |
RM 5 |
| S$ 3.2940 |
RM 10 |
| S$ 6.5880 |
RM 20 |
| S$ 16.47 |
RM 50 |
| S$ 32.94 |
RM 100 |
| S$ 82.35 |
RM 250 |
| S$ 164.70 |
RM 500 |
| S$ 329.40 |
RM 1,000 |
| S$ 658.80 |
RM 2,000 |
| S$ 1,647 |
RM 5,000 |
| S$ 3,294 |
RM 10,000 |
| S$ 16,470 |
RM 50,000 |
| S$ 32,940 |
RM 100,000 |
| More amounts |
Calculate other SGD/MYR amounts (from or to) at mid-market with our
SGD to MYR Calculator .
Singapore Dollar and Malaysian Ringgit - Market News
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)
Overall, it was a poor to mixed 2020 for the Singapore dollar, with a 9 percent drop against the euro and 8 percent versus the Australian dollar, but small gains (2 percent) against the US dollar and steady to the pound.
Get more details in the article Singapore Dollar Forecasts.
Malaysian Ringgit (MYR)
The Malaysian ringgit is up around 8% (to late November) against the US dollar since the beginning of the pandemic crisis in March 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.
Get more details in the article Malaysian Ringgit Forecasts.
Country Guides - Malaysian Ringgit
How to get Good SGD to MYR Exchange Rates
There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.
Reduce Excessive costs and fees
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 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 | Change | Period |
|---|
| 3.0424 08 Jan 2021 | 0.3% â–¼ | 1 Week |
| 3.0483 16 Dec 2020 | 0.5% â–¼ | 30 Days |
| 3.0540 17 Oct 2020 | 0.6% â–¼ | 90 Days |
| 3.0182 16 Jan 2020 | 0.5% â–² | 1 Year |
| 3.0679 17 Jan 2016 | 1.1% â–¼ | 5 Years |
| 2.3823 18 Jan 2011 | 27.4% â–² | 10 Years |
SGD/MYR 10 year historic rates & change to 15-Jan-2021 : 3.0343
Will the Singapore Dollar rise against the Malaysian Ringgit?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add SGD/MYR to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.
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View My Alerts
Rather than requiring you to set a target rate, our FX Alerts work differently.
Once you add a currency pair to your watchlist we then start automatically checking the exchange rate for any HIGH or LOW event or significant UP or DOWN moves over a range of daily periods only as far back as 90 days.