Rate direction
Singapore dollar to Malaysian ringgit · SGD/MYR trend
Review the recent market direction, current mid-market rate and significant movement alerts.
SGD/MYR exchange rate
90-day market context
SGD to MYR is at 30-day highs near 3.1962, 1.6% above its 3-month average of 3.1449, having traded in a quite stable 4.1% range from 3.0812 to 3.2087
Quick SGD/MYR forecast
Currency Forecasts related to SGD/MYR
SGD to MYR Exchange Rate Forecast & Outlook
Currently, SGD/MYR is trading close to the top of its recent range, supported by risk-off sentiment and stable fundamentals. The pair remains near recent highs, with the dominant driver being risk sentiment.
SGD to MYR 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 Singapore dollar are worth in Malaysian ringgit across a range of amounts.
This gives a quick view of what you’d get when converting different SGD amounts at today’s rate * :
| SGD | MYR |
|---|---|
| S$ 1,000 | RM 3,193 |
| S$ 5,000 | RM 15,966 |
| S$ 20,000 | RM 63,864 |
| S$ 100,000 | RM 319,320 |
| SGD | MYR |
|---|---|
| S$ 313.20 | RM 1,000 |
| S$ 1,566 | RM 5,000 |
| S$ 6,264 | RM 20,000 |
| S$ 31,320 | RM 100,000 |
More amounts
*Converted at the current SGD-MYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
What is the
best Send Money conversion rate for SGD to MYR?
The best SGD to MYR exchange rate is 3.1832 from Wise. This is -0.31% compared to the mid-market rate 3.1932.
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 Singapore dollar to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest SGD-MYR mid-rate and the possible savings of using various providers.
How do SGD-MYR rates compare between providers?
Looking at the full SGD to MYR - Send Money comparison table the provider with the best SGD to MYR exchange rate is Wise at 3.1832, -0.31% from the latest mid-market rate 3.1932.
The next best is OFX at 3.1772, -0.5% from the mid-rate.
Then XE at 3.174, which is -0.6% from the mid-rate.
Among the banks the CIMB Bank rate is 3.0728 at -3.8% the OCBC Bank rate is 3.1069 at -2.7% and the Maybank rate is 3.0814 at -3.5% compared to the mid-rate 3.1932.
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.