Compare DBS Bank SGD to MYR travel money rates

DBS Bank - SGD Rate Margin Analysis

The average SGD rate margin offered by DBS Bank is 3.7%.

This average is based on individual SGD 10K transfer rates in the currency pairs from DBS Bank that we monitor.

DBS Bank - Best and Worst Value Rates

The tables below show the best and worst exchange rate margins offered by DBS Bank for Singapore dollar (SGD 10K) transactions. Margins show the percentage difference from the mid-market rate.

DBS Bank Best Value Rates (Lowest Margins)

Currency Pair	DBS Bank Rate	Mid Market Rate	Margin
SGD/BND	1.0000	0.9996	0.0%
SGD/CNY	5.4230	5.4289	0.1%
SGD/OMR	0.2970	0.2985	0.5%
SGD/MUR	35.70	35.90	0.6%
SGD/USD	0.7700	0.7762	0.8%

DBS Bank Worst Value Rates (Highest Margins)

Currency Pair	DBS Bank Rate	Mid Market Rate	Margin
SGD/MMK	3,048.78	1,629.85	-87.1%
SGD/KWD	0.2318	0.2389	3.0%
SGD/TND	2.1993	2.2651	2.9%
SGD/QAR	2.7571	2.8329	2.7%
SGD/BHD	0.2860	0.2933	2.5%

Learn more about DBS Remit

DBS Bank has received numerous awards and accolades over the years for its banking and financial services, including being named "World's Best Bank" by Euromoney and "Asia's Best Bank" by The Banker. The bank is recognized for its commitment to innovation, sustainability, and social responsibility, as well as its focus on providing a seamless and personalized customer experience.

DBS Remit is an online money transfer service offered by DBS Bank that allows customers to send money from their DBS or POSB account to another bank account overseas. The service is available in multiple currencies and allows for same-day or next-day transfers, making it a convenient and fast option for sending money internationally.

DBS Remit offers competitive exchange rates and low fees, making it an affordable option for sending money overseas. Customers can also benefit from preferential exchange rates for selected currencies, which can help them save money on their international money transfers.

DBS Remit is available in a range of countries and regions, including Southeast Asia, China, Hong Kong, Taiwan, India, Australia, New Zealand, Europe, the United Kingdom, and the United States. The service allows customers to send money to over 40 countries and regions worldwide, including the Philippines, Indonesia, Malaysia, Thailand, Vietnam, China, Hong Kong, Taiwan, India, the United States, and the United Kingdom.

To use DBS Remit, customers need to have a DBS or POSB account and access to DBS's online banking platform or mobile app. Customers can initiate the transfer online and track the status of their transfer through the platform. DBS Bank also provides customer support to assist customers with any questions or concerns related to their DBS Remit transactions.

Overall, DBS Remit is a reliable and convenient option for sending money internationally, with competitive exchange rates and low fees. As it operates in multiple countries and regions, it provides a flexible and accessible solution for customers looking to send money overseas.

Everyday Costs in in Malaysia

How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.

Currency Guide: Malaysia (MY)

When planning a mid-range stay in Malaysia for one week, a traveler should budget approximately MYR 3,500 to MYR 5,000 (around USD 750 to USD 1,100). This should cover your accommodation, meals, transport, and activities while allowing for some leisure spending. Typical daily expenses can help paint a clearer picture: a meal at a local restaurant (MYR 15-25 🍜), a cup of coffee (MYR 8-15 ☕), a public transport fare (MYR 1-3 🚆), a prepaid SIM card (MYR 30-50 📱), and a budget hotel or Airbnb (MYR 100-200 🛏️). Overall, Malaysia is considered quite affordable compared to many countries, especially the United States and the UK, where similar expenses could easily be 50-100% higher. In comparison, your travel experience could be cheaper here than in Australia, where food and accommodation are generally pricier.

Living in Malaysia: Tips for Expats

Expats settling in Malaysia should anticipate typical monthly living costs around MYR 4,500 to MYR 8,000, depending on lifestyle choices and location within the country. To maintain a smooth financial routine, it’s advisable to use a mix of local banking services and online solutions. While local banks facilitate daily transactions, using international cards from well-known providers (Visa, Mastercard) is usually supported, but be cautious of foreign transaction fees. When it comes to sending and receiving money internationally, services like Wise or OFX often provide better rates and lower fees than exchanging cash at local banks or exchange centers. Therefore, for day-to-day expenses, using local currency strategically will help you save, while leveraging online services can be advantageous for larger transfers and international payments to keep your finances streamlined.