The PayPal MYR to SGD rate is 0.2936. This is -3.3% below the mid-rate. Compare PayPal currency conversion rates - Reduce FX costs.
The PayPal MYR to SGD exchange rate is 0.2936. This is -3.3% compared to the latest MYR-SGD mid-market rate 0.3036.
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.
Looking at our comparison table the best MYR to SGD exchange rate is 0.3021 from OFX, -0.49% from the mid-market rate 0.3036. The next best rate is 0.3015 from Wise, -0.69% from the mid-rate. Then WorldRemit with 0.2991 is -1.5% from the mid-rate.
Among the banks, the CIMB Bank rate is 0.2942 at -3.1%, the OCBC Bank rate is 0.293 at -3.5%, and the Maybank rate is 0.293 at -3.5% compared to the mid-rate 0.3036.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers 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.
The PayPal Ringgit to Singapore dollar comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by PayPal and other foreign exchange providers against the latest MYR-SGD mid-rate (see Market Data below ) and the possible savings of using various providers.
When you use the PayPal to make a foreign transfer the total cost will depend on how you pay, but generally you will be charged between 4%-7% percent of the total amount being converted depending on how you pay.
When you use a debit/credit card to pay for your transfer you will be charged an extra 3% when you load your PayPal wallet.
How is the PayPal exchange rate calculated?
The base foreign exchange rate at which PayPal obtains foreign currency is determined by 3rd party financial institutions, and are adjusted regularly based on market conditions. The exchange rate that PayPal then provides you also includes a processing fee above the base rate.
The exchange rate provided by PayPal is fixed for each currency and does not change for small or large amounts.
If you use your credit card to send a payment, you can usually opt to use your credit card provider’s conversion rate instead of PayPal's.
If you choose to use MasterCard or Visa’s exchange rate, the applied conversion rate will be shown on your credit card statement, and not at the time of the transaction.
When you use the PayPal App in the US to send a payment to a different currency, you will be using Xoom, a PayPal Service.
Malaysian ringgit (MYR) to Singapore dollar (SGD) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | MYR/SGD | Change | Period |
|---|---|---|---|
17 Apr 2025 | 0.2974 | 2% ▲ | 2 Week |
31 Jan 2025 | 0.3047 | 0.5% ▼ | 3 Month |
01 May 2024 | 0.2851 | 6.4% ▲ | 1 Year |
02 May 2020 | 0.3294 | 7.9% ▼ | 5 Year |
04 May 2015 | 0.3703 | 18.1% ▼ | 10 Year |
06 May 2005 | 0.4318 | 29.8% ▼ | 20 Year |
Here are some popular conversion amounts for MYR to SGD (Malaysian ringgit to Singapore dollar)*.
| MYR | SGD |
|---|---|
| RM 1,000 | S$ 303.60 |
| RM 5,000 | S$ 1,518 |
| RM 20,000 | S$ 6,072 |
| RM 100,000 | S$ 30,360 |
| MYR | SGD |
|---|---|
| RM 3,293 | S$ 1,000 |
| RM 16,467 | S$ 5,000 |
| RM 65,868 | S$ 20,000 |
| RM 329,340 | S$ 100,000 |
More amounts
*Converted at the current MYRSGD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent forecasts for the MYR to SGD exchange rate are influenced by escalating trade tensions stemming from U.S. tariffs on imports from both Malaysia and Singapore. The U.S. has imposed a 24% tariff on Malaysian goods and a 10% tariff on Singaporean goods, contributing to a challenging outlook for emerging Asian currencies. Analysts note that this recent escalation has dampened market sentiment, eroding previous optimism and leading to significant declines in regional currencies over the past week. Both the Thai baht and South Korean won, for example, have experienced notable drops of around 2%, reflecting growing fears surrounding a potential global trade war.
Read our full review of recent MYR to SGD forecasts.
There are several ways to save on exchange rates when converting Malaysian ringgit to Singapore dollar:
Generally speaking, if you are buying Singapore dollar with Malaysian ringgit, then it's better for the MYR/SGD exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to Singapore — a practical currency and money guide to travel in Singapore plus living and doing business with the Singapore dollar.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add MYR/SGD to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| Malaysia (MYR) | Singapore (SGD) |
Markets have shifted focus to the interest rate policies of other major central banks rather than the Federal Reserve.
The Singapore dollar has reached its highest level in over a decade, boosting outbound travel and curbing inflation, but also putting pressure on exporters and local businesses. While sectors like logistics and finance benefit, retail, hospitality, and exports face challenges from the strong currency.
Further reading on the Singapore dollar (SGD) - Guides, Reviews & News from our research team.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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