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        SGD to MYR Exchange Rates

        Compare & Save on Singapore dollar to Malaysian ringgit exchange rates. Latest SGD to ringgit analysis and review of forecasts.

           

        In this SGD to ringgit (SGD/MYR) rate guide:

        Rate Calculator - Singapore dollar to Malaysian ringgit

        Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Singapore dollar (SGD) to Malaysian ringgit (MYR) rates from different sources before making a conversion.

        This exchange rate calculator makes it easy to compare the Total Cost you are being charged on SGD to ringgit currency rates and the possible savings of using various providers.

         

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

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

         

        SGD to MYR Market Data

        Singapore dollar (SGD) to Malaysian ringgit (MYR) market data - latest interbank mid-rate, trend, chart & historic rates.

         
        1 SGD =
        3.4077We compare provider deals to this wholesale mid-market rate. Read more
        MYR
        SGD to MYR at 3.4077 is 2.1% above its 3-month average of 3.3386, having traded in a very stable 4.0% range from 3.2858 to 3.4158
        |
        Sell SGD   →   Buy MYR
        Track Rate
          1 MYR = 0.2935 SGD
        90-DAY▲HIGH2d
        4-DAY▲+1.6%2d
         
        DateSGD/MYRChangePeriod
        12 May 2023
        3.3332
        		2.2% ▲2 Week
        25 Feb 2023
        3.2858
        		3.7% ▲3 Month
        26 May 2022
        3.2043
        		6.3% ▲1 Year
        27 May 2018
        2.9693
        		14.8% ▲5 Year
        28 May 2013
        2.3976
        		42.1% ▲10 Year
        31 May 2003
        2.1947
        		55.3% ▲20 Year
        SGD/MYR historic rates & change to 26-May-2023

        What are SGD to MYR forecasts?

        According to recent forecasts from FX analysts, the Singapore Dollar (SGD) could move higher against the Malaysian Ringgit (MYR) in the coming months. While the SGD's strength will depend on rate hikes and local economic performance, recent data from Singapore shows encouraging signs of growth. The country's February retail sales advanced to 12.7%, bringing the seasonally adjusted month-on-month figure to 3.9%. This could help offset the slightly dovish change in language from the Monetary Authority of Singapore (MAS) when they announced that they will maintain the prevailing rate of appreciation of the SGD nominal effective exchange rate (S$NEER) policy band in April.

        Read our full analysis of SGD to MYR forecasts.

         
        SGD note

        How to get a good SGD to MYR exchange rate

        There are several ways to save on exchange rates when converting Singapore dollar to Malaysian ringgit:

        1. Shop around for the best SGD/MYR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
        2. Timing is important: Keep an eye on the SGD/MYR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
        3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
        4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both SGD and MYR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
        5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

        The key is reducing excessive costs and fees

        Generally speaking, if you are buying Malaysian ringgit with Singapore dollar, then it's better 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.

        It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

        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 personalised BER Smart Rate Tracker 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.

        Read our Currency guide to Malaysia - a practical currency and money guide to travel, living and doing business in Malaysia with the Malaysian ringgit.

         
         
         

        Singapore dollar & Malaysian ringgit - Country Guides

        MalaysiaMalaysia (MYR)SingaporeSingapore (SGD)
         

        How is the expat life in Malaysia?

        The expat life in Malaysia can be quite comfortable, depending on where you live. Most expats live in urban areas like Kuala Lumpur, where they have access to international schools, western supermarkets, and hospitals. There are also many expat-friendly activities and events in the city.

        Any laws in Malaysia that foreigners should be aware of?

        There are several laws in Malaysia that foreigners should be aware of, such as the Sedition Act, the Communications and Multimedia Act, and the Official Secrets Act.

        Read more at our Malaysia (MYR) country guide

           
         
         
         

        Related exchange rates

        SGD to USD
        0.7406
        90-DAY▼LOW2d
        MYR to USD
        0.2173
        90-DAY▼LOW2d
        4-DAY▼-1.5%2d
        MYR to SGD
        0.2935
        90-DAY▼LOW2d
        4-DAY▼-1.6%2d
        SGD to AUD
        1.1362
        90-DAY▲HIGH1d
        4-DAY▲+1.7%1d
        SGD to INR
        61.15
        60-DAY▼LOW1d
        1-DAY▼-0.8%2d
        SGD to THB
        25.72
        30-DAY▲HIGH1d
        SGD to KRW
        980.18
        30-DAY▼LOW3d
        SGD to PHP
        41.39
        30-DAY▼LOW1d
         

        Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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