Best SGD to MYR Exchange Rates - Compare Providers & Save

BER Home | FX Markets | SGD Rates | SGD/MYR

S$1,000 SGD
=
RM3,051 MYR

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

What's in this SGD to MYR guide?

Latest rate & 90-day trend
Quick conversion amounts
Comparing provider rates
Foreign transfer rates
Travel money rates
Market news & forecasts
How to get best rates
Historic rates

Latest interbank exchange rate:

1 SGD = 3.0510 MYR

Sell SGD / Buy MYR

SGD to MYR 90-day trend

1-DAY▼0.5% 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.

03-JUN 5AM-NY 10AM-LON 5PM-HK 7PM-SYD

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

Send S$1,000 Singapore dollar SGD → Malaysian ringgit MYR

Foreign Transfer Provider	Receive MYR(RM)	Exchange Rate	Fee SGD	Deal Links
OFX International Money Transfers	RM2,954.2 3.24% Best Overall	2.9542	0 for BER users (normally $15)	Visit Site
TransferWise International Money Transfers	RM3,034.75 0.6% RM81 more	3.05	S$5.00	Visit Site
OCBC Bank International Money Transfers	RM2,940.99 3.67% RM13 less	2.9707	S$10.00
HSBC International Money Transfers	RM2,896.55 5.13% RM58 less	2.9009	S$1.50
DBS Bank International Money Transfers	RM2,877.75 5.74% RM76 less	2.9305	18
Citibank International Money Transfers	RM2,839.71 6.99% RM114 less	2.8742	12
Banks - Average Rate Average of bank rates	RM2,889 5.38% RM65 less	2.9191	18

Visit OFX

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:	20 Reviews

Visit TransferWise

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:	4 Reviews

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: 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: 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: 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

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:

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

Malaysia (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.

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.

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/MYR	Period to 02-Jun	Date	Rate
0.9% ▼	1 Week	26 May 2020	3.0797
0.8% ▲	30 Days	03 May 2020	3.0274
1.1% ▲	90 Days	04 Mar 2020	3.0180
0.3% ▼	1 Year	03 Jun 2019	3.0599
11% ▲	5 Years	04 Jun 2015	2.7485
31% ▲	10 Years	05 Jun 2010	2.3301

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