Best SGD to MYR Exchange Rates - Compare & Save

In this Singapore dollar to Malaysian ringgit guide:

1 SGD = MYR

SGD to MYR at 3.1638 is near its 90-day average 3.1598 with range 3.0961-3.2051.

05-JUL 2AM-NY 7AM-LON 2PM-HK 4PM-SYD

Sell SGD → Buy MYR

Track Rate

30-DAY▼LOW1d

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

Date	SGD/MYR	Change	Period
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

Provider	Receive MYR	SGD/MYR Rate	Cost
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	3.1323	1%	Visit OFX Best Value No fees on all your OFX transfers
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	3.1323	1%	Visit WorldRemitCompare Rate
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	3.1291	1.1%	Compare Rate
DBS Bank See more	10,000 SGD = 31,182 MYR Get RM141 less 1.44% See more	3.126	1.44%	Compare Rate
HSBC HSBC's profit margin is generally 2.5%-7% depending on currencies and amounts. See more	10,000 SGD = 30,786 MYR Get RM537 less 2.7% See more	3.0848	2.7%	Compare Rate
SHOW ALL	10,000 SGD = 30,507 MYR Get RM816 less 3.58%	3.0581	3.58%	Average Bank Rate
OCBC Bank See more	10,000 SGD = 30,477 MYR Get RM846 less 3.67% See more	3.0785	3.67%	Compare Rate
Paypal The cost of sending money with PayPal is a fixed percentage (between 4 to 7 percent) of the amount being sent. See more	10,000 SGD = 30,310 MYR Get RM1,013 less 4.2% See more	3.031	4.2%	Compare Rate
Standard Chartered Standard Chartered's profit margin is generally 4 - 8% depending on currencies and amounts. See more	10,000 SGD = 30,113 MYR Get RM1,210 less 4.82% See more	3.0113	4.82%	Compare Rate
CIMB Bank See more	10,000 SGD = 30,022 MYR Get RM1,301 less 5.11% See more	3.0052	5.11%	Compare Rate
Citibank Citibank's profit margin is generally 3 - 7% depending on currencies and amounts. See more	10,000 SGD = 29,679 MYR Get RM1,644 less 6.19% See more	2.9715	6.19%	Compare Rate
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	Visit WiseCompare Rate

Cost % is Provider Rate Margin vs Mid-rate + Fees

SGD/MYR=3.1639

30-DAY▼LOW1d

My Rates

Transfers - Singapore to Malaysia

SGD to MYR - Travel & Spend

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!

Country Guides - Singapore dollar & Malaysian ringgit

Malaysia (MYR)

Singapore (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.

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.

Related exchange rates

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Provider	OFX
FX Type	Foreign Transfer SGD→MYR
From Amount (SGD)	S$10,000
To Amount (MYR)	RM31,323
Exchange Rate	1SGD = 3.1323 MYR (1MYR = 0.3193SGD)
Rate Margin	1%
Other Fees	S$0
Total Cost (Rate Margin + Fees)	1%
Transfer Speed	1-2 days
Rate Retrieved	06:03 Local - BER

Provider	WorldRemit
FX Type	Foreign Transfer SGD→MYR
From Amount (SGD)	S$10,000
To Amount (MYR)	RM31,323
Exchange Rate	1SGD = 3.1323 MYR (1MYR = 0.3193SGD)
Rate Margin	1%
Other Fees	S$
Total Cost (Rate Margin + Fees)	1%
Transfer Speed	1-2 days
Rate Retrieved	06:03 Local - BER

Provider	ICICI Bank
FX Type	Foreign Transfer SGD→MYR
From Amount (SGD)	S$10,000
To Amount (MYR)	RM31,291
Exchange Rate	1SGD = 3.1291 MYR (1MYR = 0.3196SGD)
Rate Margin	1.1%
Other Fees	S$0
Total Cost (Rate Margin + Fees)	1.1%
Difference	Get RM32 MYR less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:03 Local - BER

Provider	DBS Bank
FX Type	Foreign Transfer SGD→MYR
From Amount (SGD)	S$10,000
To Amount (MYR)	RM31,182
Exchange Rate	1SGD = 3.126 MYR (1MYR = 0.3199SGD)
Rate Margin	1.2%
Other Fees	S$25
Total Cost (Rate Margin + Fees)	1.44%
Difference	Get RM141 MYR less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	2022-07-05T06:00:05+0000

Provider	HSBC
FX Type	Foreign Transfer SGD→MYR
From Amount (SGD)	S$10,000
To Amount (MYR)	RM30,786
Exchange Rate	1SGD = 3.0848 MYR (1MYR = 0.3242SGD)
Rate Margin	2.5%
Other Fees	S$20
Total Cost (Rate Margin + Fees)	2.7%
Difference	Get RM537 MYR less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:03 Local - BER

Provider	Comparison Rate
FX Type	Foreign Transfer SGD→MYR
From Amount (SGD)	S$10,000
To Amount (MYR)	RM30,507
Exchange Rate	1SGD = 3.0328 MYR (1MYR = 0.3297SGD)
Rate Margin	4.14%
Total Cost (Rate Margin + Fees)	3.58%
Difference	Get RM816 MYR less than withOFX

Provider	OCBC Bank
FX Type	Foreign Transfer SGD→MYR
From Amount (SGD)	S$10,000
To Amount (MYR)	RM30,477
Exchange Rate	1SGD = 3.0785 MYR (1MYR = 0.3248SGD)
Rate Margin	2.7%
Other Fees	S$100.00 SGD (1%)
Total Cost (Rate Margin + Fees)	3.67%
Difference	Get RM846 MYR less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:03 Local - BER

Provider	Paypal
FX Type	Foreign Transfer SGD→MYR
From Amount (SGD)	S$10,000
To Amount (MYR)	RM30,310
Exchange Rate	1SGD = 3.0310 MYR (1MYR = 0.3299SGD)
Rate Margin	4.2%
Other Fees	S$0
Total Cost (Rate Margin + Fees)	4.2%
Difference	Get RM1,013 MYR less than withOFX
Transfer Speed	1-2 days
BER Rating	2/5.0
Rate Retrieved	06:03 Local - BER

Provider	Standard Chartered
FX Type	Foreign Transfer SGD→MYR
From Amount (SGD)	S$10,000
To Amount (MYR)	RM30,113
Exchange Rate	1SGD = 3.0113 MYR (1MYR = 0.3321SGD)
Rate Margin	4.82%
Other Fees	S$
Total Cost (Rate Margin + Fees)	4.82%
Difference	Get RM1,210 MYR less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:03 Local - BER

Provider	CIMB Bank
FX Type	Foreign Transfer SGD→MYR
From Amount (SGD)	S$10,000
To Amount (MYR)	RM30,022
Exchange Rate	1SGD = 3.0052 MYR (1MYR = 0.3328SGD)
Rate Margin	5.02%
Other Fees	S$10
Total Cost (Rate Margin + Fees)	5.11%
Difference	Get RM1,301 MYR less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:03 Local - BER

Provider	Citibank
FX Type	Foreign Transfer SGD→MYR
From Amount (SGD)	S$10,000
To Amount (MYR)	RM29,679
Exchange Rate	1SGD = 2.9715 MYR (1MYR = 0.3365SGD)
Rate Margin	6.08%
Other Fees	S$12
Total Cost (Rate Margin + Fees)	6.19%
Difference	Get RM1,644 MYR less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	06:03 Local - BER

Provider	Wise
FX Type	Foreign Transfer SGD→MYR
MIN/MAX:	Amount above recommended Wise maximum - 5,000 USD
Exchange Rate	1SGD = 3.1607 MYR (1MYR = 0.3164SGD)
Rate Margin	0.1%
Total Cost (Rate Margin + Fees)	0.61%
Transfer Speed	1-2 days
Rate Retrieved	06:03 Local - BER

SGD to MYR Exchange Rates

SGD to MYR - Compare & Save

Multi-Vendor Quote

Country Guides - Singapore dollar & Malaysian ringgit

How to get a good SGD to MYR Exchange Rate

Reduce Excessive costs and fees

Will the Singapore dollar rise against the Malaysian ringgit?

Related exchange rates