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 at 3.1985 is 1.5% above its 3-month average of 3.1506, 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 near recent highs around 3.2002, above its 3-month average of 3.1484. Risk sentiment remains positive, supported by global improvement in risk appetite.
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 3,196 |
| S$ 5,000 | RM 15,980 |
| S$ 20,000 | RM 63,920 |
| S$ 100,000 | RM 319,600 |
| SGD | MYR |
|---|---|
| S$ 312.90 | RM 1,000 |
| S$ 1,565 | RM 5,000 |
| S$ 6,258 | RM 20,000 |
| S$ 31,290 | 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.
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.