SGD to MYR Market Data
Singapore dollar (SGD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
📊 Quick forecast view
🔴 Mild downside
3.0910 – 3.1460
🛡️ Safe-haven flows
⚪ Range-bound
90-day market context
Currency Forecasts related to SGD/MYR
SGD to MYR Exchange Rate Forecast & Outlook
Currently, SGD/MYR is trading close to recent highs near 3.1196, above its 3-month average of 3.0972. The pair is holding near the upper end of its recent range, pressured by safe-haven flows driven by...
SGD to USD Exchange Rate Forecast & Outlook
Currently, SGD/USD is trading close to recent highs near 0.7858, holding near its 3-month average. The pair's range-bound movement is supported by risk-off sentiment and geopolitical tensions heightening global risk aversion.
USD to MYR Exchange Rate Forecast & Outlook
Currently, USD/MYR is trading close to recent highs near 3.9700, just above its 3-month average of 3.9483. The pair is supported by a risk-off environment and is finding support around the upper end of its recent range.
SGD to MYR Conversion: What Is Your Money Worth?
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 3,097 |
| S$ 5,000 | RM 15,486 |
| S$ 20,000 | RM 61,944 |
| S$ 100,000 | RM 309,720 |
| SGD | MYR |
|---|---|
| S$ 322.90 | RM 1,000 |
| S$ 1,615 | RM 5,000 |
| S$ 6,458 | RM 20,000 |
| S$ 32,290 | 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.
What is the best Send Money conversion rate for SGD to MYR?
The best SGD to MYR exchange rate is 3.0902 from Wise. This is -0.23% compared to the mid-market rate 3.0972.
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 3.0902, -0.23% from the latest mid-market rate 3.0972.
The next best is OFX at 3.0879, -0.3% from the mid-rate.
Then XE at 3.0786, which is -0.6% from the mid-rate.
Among the banks the CIMB Bank rate is 3.0012 at -3.1% the OCBC Bank rate is 3.0136 at -2.7% and the Maybank rate is 2.9888 at -3.5% compared to the mid-rate 3.0972.
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.