Best SGD to MYR Exchange Rates - Compare Providers & Save

In this Singapore dollar to Malaysian ringgit guide:

1 SGD = MYR

Sell SGD → Buy MYR

14-DAY▼LOW

SGD to MYR at 3.0783 is 0.6% below its 90-day average, range 3.0705-3.1302.

27-OCT 9PM-NY 28-OCT 2AM-LON 9AM-HK 12PM-SYD

My Rates

1 MYR =

SGD/MYR was	Change	Period
3.0782 13 Oct 2021	0.1% ▼	2 Weeks
3.1295 29 Jul 2021	1.7% ▼	90 Days
3.0568 27 Oct 2020	0.6% ▲	1 Year
3.0158 28 Oct 2016	2% ▲	5 Years
2.4677 30 Oct 2011	24.7% ▲	10 Years
2.0784 01 Nov 2001	48% ▲	20 Years

SGD/MYR change over periods to 27-Oct-2021

The Malaysian ringgit has fallen below 24 cents as a firmer US dollar kept Asian currencies subdued while escalating woes at indebted developer China Evergrande switched markets to safe haven mode. MYR Outlook

We can expect a volatile outlook for SGD against major currencies in October as Singapore’s Central Bank, the MAS, is expected to release their policy statement with views on the trajectory of the SGD.

SGD could trade against the USD between 1.35 – 1.39 SGD for the month of October.

SGD Outlook

14-DAY▼LOW

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.

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Provider	Amounts	Rate	Cost

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!

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

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 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.

View 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.