Understanding the Table:
The comparison table above helps you see the total cost of your Citibank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘Get Rates’.
The Citibank MYR to SGD exchange rate is 0.2951. This is -2.6% compared to the latest MYR-SGD mid-market rate 0.3030.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Malaysian ringgit (MYR) to Singapore dollar (SGD) rates from different sources before making a conversion.
The above Citibank - Ringgit to Singapore dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Citibank and other foreign exchange providers against the latest MYR-SGD mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best MYR to SGD exchange rate is 0.3015 from OFX, -0.5% from the mid-market rate 0.3030. The next best rate is 0.3008 from Wise, -0.73% from the mid-rate. Then WorldRemit with 0.2984 is -1.5% from the mid-rate.
Among the banks the CIMB Bank rate is 0.2936 at -3.1% the OCBC Bank rate is 0.2924 at -3.5% and the Maybank rate is 0.2924 at -3.5% compared to the mid-rate 0.3030.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Citibank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
Recent forecasts for the MYR to SGD exchange rate have been influenced significantly by the trade tensions stemming from U.S.
The recent deterioration of the USD to SGD exchange rate has raised concerns among analysts regarding future trends.
View a full list of exchange rates by selecting your Base (from) currency:
