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 details and click ‘Get Rates’.
The Citibank SGD to MYR exchange rate is 3.1397. This is -4.7% compared to the latest SGD-MYR mid-market rate 3.2937.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Singapore dollar (SGD) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
The above Citibank - Singapore dollar to Ringgit 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 SGD-MYR mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best SGD to MYR exchange rate is 3.2772 from OFX, -0.5% from the mid-market rate 3.2937. The next best rate is 3.2739 from XE, -0.6% from the mid-rate. Then Wise with 3.2739 is -0.6% from the mid-rate.
Among the banks the CIMB Bank rate is 3.1232 at -5.2% the OCBC Bank rate is 3.2048 at -2.7% and the Maybank rate is 3.1784 at -3.5% compared to the mid-rate 3.2937.
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.
View a full list of exchange rates by selecting your Base (from) currency: