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 0.3160 is just 0.9% below its 3-month average of 0.3188, 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 near the 3-month average, holding close to recent lows within a stable range. The dominant driver, risk sentiment, remains pressureed by safe-haven flows, which support the Singapore Dollar.
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$ 315.90 |
| RM 5,000 | S$ 1,580 |
| RM 20,000 | S$ 6,318 |
| RM 100,000 | S$ 31,590 |
| MYR | SGD |
|---|---|
| RM 3,166 | S$ 1,000 |
| RM 15,828 | S$ 5,000 |
| RM 63,312 | S$ 20,000 |
| RM 316,560 | 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.
What is the
Maybank Send Money conversion rate for MYR to SGD?
The Maybank MYR to SGD exchange rate is 0.3048. This is -3.5% compared to the latest MYR-SGD mid-market rate 0.3159.
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 Maybank - Ringgit to Singapore dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Maybank and other foreign exchange providers against the latest MYR-SGD mid-rate and the possible savings of using various providers.
How do Maybank MYR-SGD rates compare between providers?
Looking at the full MYR to SGD - Send Money comparison table the provider with the best MYR to SGD exchange rate is OFX at 0.3143, -0.51% from the latest mid-market rate 0.3159.
The next best is Wise at 0.314, -0.6% from the mid-rate.
Among the banks the CIMB Bank rate is 0.3061 at -3.1% the OCBC Bank rate is 0.3048 at -3.5% and the Maybank rate is 0.3048 at -3.5% compared to the mid-rate 0.3159.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Maybank 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.