Best SGD to MYR Exchange Rates - Compare Providers & Save

BER | FX Markets | SGD Rates | SGD/MYR

What's in this SGD to MYR guide?

SGD/MYR - Latest
Trend & Alerts
Foreign Transfers
Spend & Travel
Quick Amounts
Forecasts
Get Best Rates
Historic Rates

SGD MYR live spot rate

1 SGD = 3.0577 MYR

Sell SGD / Buy MYR

⚇

Singapore Dollar to Malaysian Ringgit - Trend & Alerts

SGDMYR at 3.0545 is near its 90-DAY average, range 3.0251-3.0895.

20-OCT 4AM-NY 9AM-LON 4PM-HK 7PM-SYD

30-DAY-HIGH (5d)

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.

Singapore Dollar to Malaysian Ringgit - Quick Conversions

SGD	MYR
S$ 1	RM 3.0577
S$ 5	RM 15.29
S$ 10	RM 30.58
S$ 20	RM 61.15
S$ 50	RM 152.89
S$ 100	RM 305.77
S$ 250	RM 764.43
S$ 500	RM 1,529
S$ 1,000	RM 3,058
S$ 2,000	RM 6,115
S$ 5,000	RM 15,289
S$ 10,000	RM 30,577
S$ 50,000	RM 152,885
S$ 100,000	RM 305,770
More amounts

SGD	MYR
S$ 0.3270	RM 1
S$ 1.6350	RM 5
S$ 3.2700	RM 10
S$ 6.5400	RM 20
S$ 16.35	RM 50
S$ 32.70	RM 100
S$ 81.75	RM 250
S$ 163.50	RM 500
S$ 327.00	RM 1,000
S$ 654.00	RM 2,000
S$ 1,635	RM 5,000
S$ 3,270	RM 10,000
S$ 16,350	RM 50,000
S$ 32,700	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

Malaysia (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.

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.

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 rate	Change	Period
12 Oct 2020 : 3.0553	0.1% ▼	1 Week
19 Sep 2020 : 3.0251	0.9% ▲	30 Days
21 Jul 2020 : 3.0813	0.9% ▼	90 Days
20 Oct 2019 : 3.0687	0.5% ▼	1 Year
21 Oct 2015 : 3.0808	0.9% ▼	5 Years
22 Oct 2010 : 2.3953	27.5% ▲	10 Years

SGD/MYR 10 year historic rates & change to 19-Oct-2020 : 3.0530

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

SGD to MYR - Compare Rates