Rate direction
Malaysian ringgit to Singapore dollar · MYR/SGD trend
Review the recent market direction, current mid-market rate and significant movement alerts.
90-day market context
MYR to SGD at 0.3143 is 1.3% below its 3-month average of 0.3184, having traded in a quite stable 4.1% range from 0.3117 to 0.3246
Quick MYR/SGD forecast
Currency Forecasts related to MYR/SGD
MYR to SGD Exchange Rate Forecast & Outlook
Currently, MYR/SGD is trading within its recent range, supported by risk-off sentiment and global safe-haven flows. The pair is near recent lows and trading close to the 3-month average, indicating some resilience.
MYR to SGD Conversion: What Is Your Money Worth?
View common conversion amounts at today’s mid-market rate
To help you understand the real-world value of the current exchange rate, the table below shows how much Malaysian ringgit are worth in Singapore dollar across a range of amounts.
This gives a quick view of what you’d get when converting different MYR amounts at today’s rate * :
| MYR | SGD |
|---|---|
| RM 1,000 | S$ 314.30 |
| RM 5,000 | S$ 1,572 |
| RM 20,000 | S$ 6,286 |
| RM 100,000 | S$ 31,430 |
| MYR | SGD |
|---|---|
| RM 3,182 | S$ 1,000 |
| RM 15,910 | S$ 5,000 |
| RM 63,638 | S$ 20,000 |
| RM 318,190 | S$ 100,000 |
More amounts
*Converted at the current MYR-SGD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Everyday Costs in in Singapore
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: Singapore (SG)
For travelers planning a mid-range stay in Singapore, a budget of approximately SGD 1,500 to SGD 2,000 (around USD 1,120 to USD 1,490) for one week should suffice for a comfortable experience. Singapore is known for its blend of luxury and tourist-friendly offerings, making it vital to plan your expenses judiciously. Typically, daily costs incurred might include:
- 🍽️ Meal at a local restaurant: SGD 10 - 20
- ☕ Coffee: SGD 4 - 6
- 🚆 Public transport fare: SGD 1 - 3
- 📱 Prepaid SIM card: SGD 20
- 🏨 Budget hotel or Airbnb: SGD 100 - 150 per night
In comparison to the United States, where dining and lodging can be similarly priced but vary greatly by region, Singapore tends to be more expensive, especially when it comes to accommodations and transport. A trip would likely be on the pricier side relative to Australia, where hotel rates are often lower in regional cities, although major city expenses can rival Singapore.
Expat Guide: Living in Singapore
For expats settling in Singapore, the cost of living can be significant, with typical monthly expenses estimated at around SGD 3,500 to SGD 5,000. This amount includes rent for a one-bedroom apartment in the city center (SGD 2,500 - 3,500), utilities, food, and transportation. When managing finances, it’s advisable to leverage banking and card services carefully—Visa and Mastercard are widely accepted, but some smaller vendors may only take cash or certain cards.
When sending or receiving money, options such as online transfer services like Wise or OFX often provide competitive rates and lower fees compared to traditional banking methods. Exchanging money locally can also be effective, but ensure to check rates frequently as they can fluctuate. For expats dealing with multiple currencies, using online services might often yield a better rate and fewer hassles than exchanging cash at the local establishments, especially in a fast-paced economy like Singapore's.