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    SGD to MYR Exchange Rates

    Compare & Save on Singapore dollar to Malaysian ringgit FX rates - Check SGD/MYR Trends and Forecasts.

     
    1 SGD =
    3.1635We compare provider deals to this wholesale mid-market rate. Read more
    MYR
    SGD to MYR at 3.1638 is near its 90-day average 3.1598 with range 3.0961-3.2051.
    |
    Sell SGD   →   Buy MYR
    Track Rate

    30-DAYLOW1d
     

    The Malaysian ringgit has remained below 24 US cents since the end of 2021 as a firmer US dollar kept Asian currencies subdued while escalating woes due to the Russian invasion of Ukraine switched markets to safe haven mode.

     MYR Outlook


    Singapore dollar has risen against most currencies in 2022 (except the strong USD) as Monetary Authority of Singapore (MAS) re-centered the currency band higher in April, to combat the rapidly raising rate of inflation in the island state.

    Due to the city-state’s reliance on trade, unlike most central banks, the MAS uses currency intervention as its main economic management tool.

     SGD Outlook

    DateSGD/MYRChangePeriod
    17 Jun 2022
    3.1648
    0.3% 2 Week
    02 Apr 2022
    3.1033
    1.7% 3 Month
    01 Jul 2021
    3.0817
    2.4% 1 Year
    02 Jul 2017
    3.1192
    1.2% 5 Year
    03 Jul 2012
    2.4959
    26.5% 10 Year
    06 Jul 2002
    2.1457
    47.1% 20 Year
    SGD/MYR change over periods to 01-Jul-2022

    SGD to MYR - Compare & Save

    The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using different FX providers.

     
    Compare Transfer Rates : Send S$10,000 SGD → Receive MYR
    ProviderReceive MYRSGD/MYR RateCost
    OFX
    Trusted brand in Foreign Exchange. Online & Phone. Helpful Dealers & support. Lock in an Exchange Rate with Spot & Forward Deals.
     
    See more
    10,000 SGD =
    31,323 MYR
    Up to 1,644 MYR more
    1%
    See more
    3.13231%
    WorldRemit
    Online Bank Transfers or Cash Pickup - e-Wallet payments. Large number of currencies.
     
    See more
    10,000 SGD =
    31,323 MYR
    1%
    See more
    3.13231%
    ICICI Bank
    ICICI Bank's FX wire margin is generally 4.0% - 8.0% depending on currencies and amounts.
     
    See more
    10,000 SGD =
    31,291 MYR
    Get RM32 less
    1.1%
    See more
    3.12911.1%
    DBS Bank
     
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    10,000 SGD =
    31,182 MYR
    Get RM141 less
    1.44%
    See more
    3.1261.44%
    HSBC
    HSBC's profit margin is generally 2.5%-7% depending on currencies and amounts.
     
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    10,000 SGD =
    30,786 MYR
    Get RM537 less
    2.7%
    See more
    3.08482.7%
    SHOW ALL
     
    10,000 SGD =
    30,507 MYR
    Get RM816 less
    3.58%
    3.05813.58%
     Average Bank Rate 
    OCBC Bank
     
    See more
    10,000 SGD =
    30,477 MYR
    Get RM846 less
    3.67%
    See more
    3.07853.67%
    Paypal
    The cost of sending money with PayPal is a fixed percentage (between 4 to 7 percent) of the amount being sent.
     
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    10,000 SGD =
    30,310 MYR
    Get RM1,013 less
    4.2%
    See more
    3.0314.2%
    Standard Chartered
    Standard Chartered's profit margin is generally 4 - 8% depending on currencies and amounts.
     
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    10,000 SGD =
    30,113 MYR
    Get RM1,210 less
    4.82%
    See more
    3.01134.82%
    CIMB Bank
     
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    10,000 SGD =
    30,022 MYR
    Get RM1,301 less
    5.11%
    See more
    3.00525.11%
    Citibank
    Citibank's profit margin is generally 3 - 7% depending on currencies and amounts.
     
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    10,000 SGD =
    29,679 MYR
    Get RM1,644 less
    6.19%
    See more
    2.97156.19%
    Wise
    Great rates for Transfers and Multi-currency Card. Get local accounts in 10 currencies.
     
    See more
    Amount above recommended Wise maximum - 5,000 USD
    0.61%
    See more
     
    ProviderOFX
    FX TypeForeign Transfer SGD→MYR
    From Amount (SGD) S$10,000
    To Amount (MYR) RM31,323
    Exchange Rate1SGD = 3.1323 MYR (1MYR = 0.3193SGD)
    Rate Margin1%
    Other FeesS$0
    Total Cost
    (Rate Margin + Fees)
    1%
    Transfer Speed1-2 days
    Rate Retrieved06:03 Local - BER

    No fees on all your OFX transfers

    Trusted brand in Foreign Exchange. Online & Phone. Helpful Dealers & support. Lock in an Exchange Rate with Spot & Forward Deals.

     
    Submit a Rate for OFX to improve our service.
     
    ProviderWorldRemit
    FX TypeForeign Transfer SGD→MYR
    From Amount (SGD) S$10,000
    To Amount (MYR) RM31,323
    Exchange Rate1SGD = 3.1323 MYR (1MYR = 0.3193SGD)
    Rate Margin1%
    Other FeesS$
    Total Cost
    (Rate Margin + Fees)
    1%
    Transfer Speed1-2 days
    Rate Retrieved06:03 Local - BER

    Online Bank Transfers or Cash Pickup - e-Wallet payments. Large number of currencies.

     
    Submit a Rate for WorldRemit to improve our service.
     
    ProviderICICI Bank
    FX TypeForeign Transfer SGD→MYR
    From Amount (SGD) S$10,000
    To Amount (MYR) RM31,291
    Exchange Rate1SGD = 3.1291 MYR (1MYR = 0.3196SGD)
    Rate Margin1.1%
    Other FeesS$0
    Total Cost
    (Rate Margin + Fees)
    1.1%
    Difference
    Get RM32 MYR less than withOFX
    Transfer Speed2-3 days
    Rate Retrieved06:03 Local - BER

    ICICI Bank's FX wire margin is generally 4.0% - 8.0% depending on currencies and amounts.

     
    Submit a Rate for ICICI Bank to improve our service.
     
    ProviderDBS Bank
    FX TypeForeign Transfer SGD→MYR
    From Amount (SGD) S$10,000
    To Amount (MYR) RM31,182
    Exchange Rate1SGD = 3.126 MYR (1MYR = 0.3199SGD)
    Rate Margin1.2%
    Other FeesS$25
    Total Cost
    (Rate Margin + Fees)
    1.44%
    Difference
    Get RM141 MYR less than withOFX
    Transfer Speed2-3 days
    Rate Retrieved2022-07-05T06:00:05+0000
     
    Submit a Rate for DBS Bank to improve our service.
     
    ProviderHSBC
    FX TypeForeign Transfer SGD→MYR
    From Amount (SGD) S$10,000
    To Amount (MYR) RM30,786
    Exchange Rate1SGD = 3.0848 MYR (1MYR = 0.3242SGD)
    Rate Margin2.5%
    Other FeesS$20
    Total Cost
    (Rate Margin + Fees)
    2.7%
    Difference
    Get RM537 MYR less than withOFX
    Transfer Speed2-3 days
    Rate Retrieved06:03 Local - BER

    HSBC's profit margin is generally 2.5%-7% depending on currencies and amounts.

     
    Submit a Rate for HSBC to improve our service.
     
    ProviderComparison Rate
    FX TypeForeign Transfer SGD→MYR
    From Amount (SGD) S$10,000
    To Amount (MYR) RM30,507
    Exchange Rate1SGD = 3.0328 MYR (1MYR = 0.3297SGD)
    Rate Margin4.14%
    Total Cost
    (Rate Margin + Fees)
    3.58%
    Difference
    Get RM816 MYR less than withOFX
     
    ProviderOCBC Bank
    FX TypeForeign Transfer SGD→MYR
    From Amount (SGD) S$10,000
    To Amount (MYR) RM30,477
    Exchange Rate1SGD = 3.0785 MYR (1MYR = 0.3248SGD)
    Rate Margin2.7%
    Other FeesS$100.00 SGD (1%)
    Total Cost
    (Rate Margin + Fees)
    3.67%
    Difference
    Get RM846 MYR less than withOFX
    Transfer Speed2-3 days
    Rate Retrieved06:03 Local - BER
     
    Submit a Rate for OCBC Bank to improve our service.
     
    ProviderPaypal
    FX TypeForeign Transfer SGD→MYR
    From Amount (SGD) S$10,000
    To Amount (MYR) RM30,310
    Exchange Rate1SGD = 3.0310 MYR (1MYR = 0.3299SGD)
    Rate Margin4.2%
    Other FeesS$0
    Total Cost
    (Rate Margin + Fees)
    4.2%
    Difference
    Get RM1,013 MYR less than withOFX
    Transfer Speed1-2 days
    BER Rating2/5.0
    Rate Retrieved06:03 Local - BER

    The cost of sending money with PayPal is a fixed percentage (between 4 to 7 percent) of the amount being sent.

     
    Submit a Rate for Paypal to improve our service.
     
    ProviderStandard Chartered
    FX TypeForeign Transfer SGD→MYR
    From Amount (SGD) S$10,000
    To Amount (MYR) RM30,113
    Exchange Rate1SGD = 3.0113 MYR (1MYR = 0.3321SGD)
    Rate Margin4.82%
    Other FeesS$
    Total Cost
    (Rate Margin + Fees)
    4.82%
    Difference
    Get RM1,210 MYR less than withOFX
    Transfer Speed2-3 days
    Rate Retrieved06:03 Local - BER

    Standard Chartered's profit margin is generally 4 - 8% depending on currencies and amounts.

     
    Submit a Rate for Standard Chartered to improve our service.
     
    ProviderCIMB Bank
    FX TypeForeign Transfer SGD→MYR
    From Amount (SGD) S$10,000
    To Amount (MYR) RM30,022
    Exchange Rate1SGD = 3.0052 MYR (1MYR = 0.3328SGD)
    Rate Margin5.02%
    Other FeesS$10
    Total Cost
    (Rate Margin + Fees)
    5.11%
    Difference
    Get RM1,301 MYR less than withOFX
    Transfer Speed2-3 days
    Rate Retrieved06:03 Local - BER
     
    Submit a Rate for CIMB Bank to improve our service.
     
    ProviderCitibank
    FX TypeForeign Transfer SGD→MYR
    From Amount (SGD) S$10,000
    To Amount (MYR) RM29,679
    Exchange Rate1SGD = 2.9715 MYR (1MYR = 0.3365SGD)
    Rate Margin6.08%
    Other FeesS$12
    Total Cost
    (Rate Margin + Fees)
    6.19%
    Difference
    Get RM1,644 MYR less than withOFX
    Transfer Speed2-3 days
    Rate Retrieved06:03 Local - BER

    Citibank's profit margin is generally 3 - 7% depending on currencies and amounts.

     
    Submit a Rate for Citibank to improve our service.
     
    ProviderWise
    FX TypeForeign Transfer SGD→MYR
    MIN/MAX:Amount above recommended Wise maximum - 5,000 USD
    Exchange Rate1SGD = 3.1607 MYR (1MYR = 0.3164SGD)
    Rate Margin0.1%
    Total Cost
    (Rate Margin + Fees)
    0.61%
    Transfer Speed1-2 days
    Rate Retrieved06:03 Local - BER

    Great rates for Transfers and Multi-currency Card. Get local accounts in 10 currencies.

     
    Submit a Rate for Wise to improve our service.
     
    loading
    Cost % is Provider Rate Margin vs Mid-rate + Fees

    SGD/MYR=3.1639
    30-DAYLOW1d
    SGDMYR chart
    My Rates
    SGD/MYR Mid-rate Calculator
    * This table compares FX rates & fees of selected FX specialists and banks for SGD to MYR International Money Transfers. Providers must be well established, reputable and regulated as financial payment services. We DO NOT compare every provider in the market. We may receive referral fees if you choose one of these providers however this will not affect the savings, exchange rates or fees you are charged by the provider.
     

    Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest SGD to MYR Exchange Rate (shown above) or a transaction fee and often both!

     

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

       

    Country Guides - Singapore dollar & Malaysian ringgit

     
    MalaysiaMalaysia (MYR)SingaporeSingapore (SGD)
       
     

    How to get a good SGD to MYR Exchange Rate

    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

    Generally speaking, if you are buying Malaysian ringgit with Singapore dollar, then it's good for the SGD/MYR exchange rate to be higher.

    However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

    You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to Malaysia.

     

    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.

     
    Track Rate
     

    Manage My Rates

     

    Rather than requiring you to set a target rate, our FX Alerts work differently.

    Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.