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
⚪ Range-bound
3.0910 – 3.1460
⚖️ Interest-rate differentials
⚪ Range-bound
90-day market context
Currency Forecasts related to SGD/MYR
SGD to MYR Exchange Rate Forecast & Outlook
Currently, SGD/MYR is trading near its 3-month average, holding within a very stable range. The rate is trading close to recent highs, supported by a stable rate differential and stable energy prices.
SGD to USD Exchange Rate Forecast & Outlook
Currently, SGD/USD is trading near the 3-month range highs, finding support around the recent 90-day average. The pair remains under downward pressure as USD gains strength supported by hawkish Fed...
USD to MYR Exchange Rate Forecast & Outlook
USD/MYR is trading close to the 3-month average, supported by the rate differential stemming from US monetary tightening and rising Treasury yields. The pair remains within its recent 4.2% range, with no clear directional bias.
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 3,120 |
| S$ 5,000 | RM 15,598 |
| S$ 20,000 | RM 62,390 |
| S$ 100,000 | RM 311,950 |
| SGD | MYR |
|---|---|
| S$ 320.60 | RM 1,000 |
| S$ 1,603 | RM 5,000 |
| S$ 6,412 | RM 20,000 |
| S$ 32,060 | 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 3.11 from Wise. This is -0.3% compared to the mid-market rate 3.1195.
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 3.11, -0.3% from the latest mid-market rate 3.1195.
The next best is OFX at 3.1039, -0.5% from the mid-rate.
Then XE at 3.1008, which is -0.6% from the mid-rate.
Among the banks the CIMB Bank rate is 3.0228 at -3.1% the OCBC Bank rate is 3.0353 at -2.7% and the Maybank rate is 3.0103 at -3.5% compared to the mid-rate 3.1195.
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.