The best SGD to MYR exchange rate is 3.2813. Compare foreign transfer and currency exchange rates, find better rates & deals.
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SGD-MYR 
exchange ratesExchange rates can vary significantly between different currency exchange providers, so it's important to 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 foreign exchange providers against the latest SGD-MYR mid-rate (see Market Data below ) and the possible savings of using a different provider.
Singapore dollar (SGD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | SGD/MYR | Change | Period |
|---|---|---|---|
24 Sep 2024 | 3.2380 | 1.5% ▲ | 2 Week |
10 Jul 2024 | 3.4926 | 5.9% ▼ | 3 Month |
09 Oct 2023 | 3.4690 | 5.2% ▼ | 1 Year |
10 Oct 2019 | 3.0459 | 7.9% ▲ | 5 Year |
11 Oct 2014 | 2.5573 | 28.5% ▲ | 10 Year |
13 Oct 2004 | 2.2534 | 45.9% ▲ | 20 Year |
Here are some popular conversion amounts for SGD to MYR (Singapore dollar to Malaysian ringgit)*.
| SGD | MYR |
|---|---|
| S$ 1,000 | RM 3,281 |
| S$ 5,000 | RM 16,407 |
| S$ 20,000 | RM 65,626 |
| S$ 100,000 | RM 328,130 |
| SGD | MYR |
|---|---|
| S$ 304.80 | RM 1,000 |
| S$ 1,524 | RM 5,000 |
| S$ 6,096 | RM 20,000 |
| S$ 30,480 | RM 100,000 |
More amounts
*Converted at the current SGDMYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent forecasts and market analyses paint a complex picture for the SGD to MYR exchange rate, reflecting contrasting monetary policy stances between Singapore and Malaysia. Singapore's dollar (SGD) has appreciated notably, reaching its strongest level against the US dollar in nearly a decade, buoyed by a hawkish policy outlook from the Monetary Authority of Singapore (MAS). According to FX analysts, the MAS's decision to maintain an appreciating bias during its July meeting helps sustain the SGD's strength as it trades around the 1.30 mark against the dollar. Meanwhile, the U.S. Federal Reserve is anticipated to initiate rate cuts as early as September, which could alter the dynamics of the SGD's performance against other currencies, including the Malaysian ringgit (MYR).
Read our full review of recent SGD to MYR forecasts.
There are several ways to save on exchange rates when converting Singapore dollar to Malaysian ringgit:
Generally speaking, if you are buying Malaysian ringgit with Singapore dollar, then it's better for the SGD/MYR 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.
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 SGD/MYR 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.
Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
Read our Currency guide to Malaysia - a practical currency and money guide to travel, living and doing business in Malaysia with the Malaysian ringgit.
| Malaysia (MYR) | Singapore (SGD) |
The expat life in Malaysia can be quite comfortable, depending on where you live. Most expats live in urban areas like Kuala Lumpur, where they have access to international schools, western supermarkets, and hospitals. There are also many expat-friendly activities and events in the city.
There are several laws in Malaysia that foreigners should be aware of, such as the Sedition Act, the Communications and Multimedia Act, and the Official Secrets Act.
Read more at our Malaysia (MYR) country guide
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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