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SGD to MYR - Exchange Rate Overview

Singapore Dollar to Malaysian Ringgit exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

S$1,000 SGD
=
RM3,051 MYR

*Converted at interbank exchange rate, scroll down to compare foreign transfer and spend/travel exchange rates.


 

Latest interbank exchange rate:

1 SGD = 3.0510 MYR

Sell SGD / Buy MYR 

 
SGD to MYR 90-day trend
1-DAY0.5% 14-DAY-LO
SGD/MYR at 3.0522 was trading near AVG:3.0452 with LO:2.9844 and HI:3.0807 (90 days). There are no current rate alerts.

Convert SGD to MYR More Charts


Singapore Dollar to Malaysian Ringgit - Quick Conversions

SGD MYR
S$ 1 RM 3.0510
S$ 5 RM 15.26
S$ 10 RM 30.51
S$ 20 RM 61.02
S$ 50 RM 152.55
S$ 100 RM 305.10
S$ 250 RM 762.75
S$ 500 RM 1,526
S$ 1,000 RM 3,051
S$ 2,000 RM 6,102
S$ 5,000 RM 15,255
S$ 10,000 RM 30,510
S$ 50,000 RM 152,550
S$ 100,000 RM 305,100
More amounts
SGD MYR
S$ 0.3278 RM 1
S$ 1.6390 RM 5
S$ 3.2780 RM 10
S$ 6.5560 RM 20
S$ 16.39 RM 50
S$ 32.78 RM 100
S$ 81.95 RM 250
S$ 163.90 RM 500
S$ 327.80 RM 1,000
S$ 655.60 RM 2,000
S$ 1,639 RM 5,000
S$ 3,278 RM 10,000
S$ 16,390 RM 50,000
S$ 32,780 RM 100,000
More amounts

To calculate your own SGD/MYR amounts use our Convert SGD to MYR quick calculator.


Comparing Foreign Exchange Providers

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, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for SGD/MYR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
 

SGD to MYR International Money Transfers

Foreign Transfer Provider Receive MYR(RM) Exchange RateFee SGDDeal Links
OFX logo
RM2,954.2
3.24%
Best Overall
2.95420 for BER users (normally $15)
TransferWise logo
RM3,034.75
0.6%
RM81 more
3.05S$5.00
OCBC Bank International Money Transfers
OCBC Bank logo
RM2,940.99
3.67%
RM13 less
2.9707S$10.00
HSBC logo
RM2,896.55
5.13%
RM58 less
2.9009S$1.50
DBS Bank logo
RM2,877.75
5.74%
RM76 less
2.930518
Citibank International Money Transfers
Citibank logo
RM2,839.71
6.99%
RM114 less
2.874212
Banks - Average Rate
Citibank logo HSBC logo DBS Bank logo OCBC Bank logo
RM2,889
5.38%
RM65 less
2.919118
 
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OFX: Foreign Transfer SGD→MYR
From Amount (SGD)S$1,000
Fee:0 for BER users (normally $15)
Exchange Rate:2.9542 (3.24% from mid-rate)
To Amount (MYR) RM2,954.2
Total Cost:3.24%
Time:
Rate Fetched: Wed Jun 03 2020 09:15:35 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
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TransferWise: Foreign Transfer SGD→MYR
From Amount (SGD)S$1,000
Fee:S$5.00 SGD (0.5% + S$1)
Exchange Rate:3.0500 (0.1% from mid-rate)
To Amount (MYR) RM3,034.75
Total Cost:0.6%
Difference:
RM81 MYR more than using OFX
Time:9:36 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
OCBC Bank logo
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OCBC Bank: Foreign Transfer SGD→MYR
From Amount (SGD)S$1,000
Fee:S$10.00 SGD (1%)
Exchange Rate:2.9707 (2.7% from mid-rate)
To Amount (MYR) RM2,940.99
Total Cost:3.67%
Difference:
RM13 MYR less than using OFX
Time:9:36 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
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HSBC: Foreign Transfer SGD→MYR
From Amount (SGD)S$1,000
Fee:S$1.50 SGD (.15%)
Exchange Rate:2.9009 (4.99% from mid-rate)
To Amount (MYR) RM2,896.55
Total Cost:5.13%
Difference:
RM58 MYR less than using OFX
Time:9:36 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
DBS Bank logo
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DBS Bank: Foreign Transfer SGD→MYR
From Amount (SGD)S$1,000
Fee:18
Exchange Rate:2.9305 (4.02% from mid-rate)
To Amount (MYR) RM2,877.75
Total Cost:5.74%
Difference:
RM76 MYR less than using OFX
Time:9:36 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
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Citibank: Foreign Transfer SGD→MYR
From Amount (SGD)S$1,000
Fee:12
Exchange Rate:2.8742 (5.86% from mid-rate)
To Amount (MYR) RM2,839.71
Total Cost:6.99%
Difference:
RM114 MYR less than using OFX
Time:9:36 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
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Foreign Transfer SGD→MYR
From Amount (SGD)S$1,000
Fee:18
Exchange Rate:2.9068 (4.79% from mid-rate)
To Amount (MYR) RM2,889
Total Cost:5.38%
Difference:
RM65 MYR less than using OFX
Transfer Speed:
Services:
 
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Snapshot 06/03/2020 - View live rates
 

The below comparison table displays the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

 
 

Malaysian Ringgit (MYR) Country Guides

MalaysiaMalaysia (MYR)

Singapore Dollar and Malaysian Ringgit Forecasts

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.

Read more in the article SGD Forecasts.

 

Malaysian Ringgit (MYR)

Malaysia was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it added to negative sentiment, which then spurred a rise in USD/MYR to a 6-month high (MYR low) of RM4.2.

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.

Read more in the article MYR Forecasts.


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.

 

What is a good SGD to MYR exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the SGD to MYR exchange rate over periods upto 10 years.

SGD/MYRPeriod to 02-JunDateRate
0.9% ▼1 Week26 May 20203.0797
0.8% ▲30 Days03 May 20203.0274
1.1% ▲90 Days04 Mar 20203.0180
0.3% ▼1 Year03 Jun 20193.0599
11% ▲5 Years04 Jun 20152.7485
31% ▲10 Years05 Jun 20102.3301
SGD/MYR 10 year rates & changes to 02-Jun-2020 (3.0518)
 

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

 

We help you Save Money on Exchange Rates.

Foreign Transfers Travel Money

View all SGD Exchange Rates