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    Best SGD to MYR Exchange Rates Compared Live

    The best SGD to MYR exchange rate is 3.5157. Compare foreign transfer and currency exchange rates, find better rates & deals.

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    Comparing SGD-MYR exchange rates

    Exchange 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 vs the latest SGD-MYR mid-rate (see below) and the possible savings of using another provider.

     
    @bestfxrates : SGD/MYR outlook: Stable SGD seen, underpinned by MAS policy & positive economic indicators. Varying views on MYR; USD strength & oil price dynamics key. Forex stability hinges on future Fed moves & inflation data. Keep an eye on this duo's performance just below its 3-mo avg. #FX #SGDMYR

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    SGD to MYR Market Data

    Singapore dollar (SGD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    1 SGD =
    3.5157We compare provider deals to this wholesale mid-market rate. Read more
    MYR
    -0.1%
    2W
    SGD to MYR is at 14-day lows near 3.4996, just 0.7% below its 3-month average of 3.5249, having traded in a very stable 2.2% range from 3.4946 to 3.5718
    |
    Sell SGD   →   Buy MYR
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    DateSGD/MYRChangePeriod
    02 Apr 2024
    3.5144
    0.4% 2 Week
    17 Jan 2024
    3.5092
    0.2% 3 Month
    17 Apr 2023
    3.3144
    5.6% 1 Year
    18 Apr 2019
    3.0663
    14.2% 5 Year
    19 Apr 2014
    2.5879
    35.3% 10 Year
    21 Apr 2004
    2.2465
    55.8% 20 Year
    SGD/MYR historic rates & change to 16-Apr-2024
     

    What are equivalent amounts of SGD and MYR?

    Here are some popular conversion amounts for SGD to MYR (Singapore dollar to Malaysian ringgit)*.

    SGD MYR
    S$ 1 RM 3.5157
    S$ 5 RM 17.58
    S$ 10 RM 35.16
    S$ 20 RM 70.31
    S$ 50 RM 175.79
    S$ 100 RM 351.57
    S$ 250 RM 878.93
    S$ 500 RM 1,758
    S$ 1,000 RM 3,516
    S$ 2,000 RM 7,031
    S$ 5,000 RM 17,579
    S$ 10,000 RM 35,157
    S$ 20,000 RM 70,314
    S$ 50,000 RM 175,785
    S$ 100,000 RM 351,570
    SGD MYR
    S$ 0.2844 RM 1
    S$ 1.4220 RM 5
    S$ 2.8440 RM 10
    S$ 5.6880 RM 20
    S$ 14.22 RM 50
    S$ 28.44 RM 100
    S$ 71.10 RM 250
    S$ 142.20 RM 500
    S$ 284.40 RM 1,000
    S$ 568.80 RM 2,000
    S$ 1,422 RM 5,000
    S$ 2,844 RM 10,000
    S$ 5,688 RM 20,000
    S$ 14,220 RM 50,000
    S$ 28,440 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.

     
     

    Forecasts for SGD to MYR

     

    Based on recent forecasts and currency market updates, the outlook for the SGD to MYR exchange rate appears mixed. The Singapore dollar is expected to maintain a stable trading range in February, supported by the Monetary Authority of Singapore's unchanged monetary policy stance and positive domestic economic indicators. On the other hand, the Malaysian Ringgit faces downward pressure due to expectations of sustained USD strength, which could potentially lead to further weakening against the greenback. FX analysts have varying views on the MYR, with some predicting a possible move towards 4.95 in the USD/MYR pair.

    Read our full review of recent SGD to MYR forecasts.

     

    How to get a good SGD to MYR exchange rate

    There are several ways to save on exchange rates when converting Singapore dollar to Malaysian ringgit:

    1. Shop around for the best SGD/MYR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the SGD/MYR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both SGD and MYR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    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.

    Will the Singapore dollar rise against the Malaysian ringgit?

    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.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

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    Read our Currency guide to Malaysia - a practical currency and money guide to travel, living and doing business in Malaysia with the Malaysian ringgit.

     
     
     

    Currency Country Guides

    MalaysiaMalaysia (MYR)SingaporeSingapore (SGD)
     

    How is the expat life in Malaysia?

    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.

    Any laws in Malaysia that foreigners should be aware of?

    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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