The HSBC SGD to MYR rate is 3.1366. This is -5.7% below the mid-rate. Compare HSBC currency conversion rates - Reduce FX costs.
The HSBC SGD to MYR exchange rate is 3.1366. This is -5.7% compared to the latest SGD-MYR mid-market rate 3.3270.
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.
Looking at our comparison table the best SGD to MYR exchange rate is 3.3104 from OFX, -0.5% from the mid-market rate 3.3270. The next best rate is 3.307 from XE, -0.6% from the mid-rate. Then Wise with 3.307 is -0.6% from the mid-rate.
Among the banks, the CIMB Bank rate is 3.1566 at -5.1%, the OCBC Bank rate is 3.2371 at -2.7%, and the Maybank rate is 3.2105 at -3.5% compared to the mid-rate 3.3270.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like HSBC 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.
The HSBC Singapore dollar to Ringgit comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by HSBC and other foreign exchange providers against the latest SGD-MYR mid-rate (see Market Data below ) and the possible savings of using various providers.
Here we review HSBC's foreign exchange services and how their exchange rates compare to FX specialist providers, compare rates and check how you can save money when you send and spend abroad.
HSBC, also known as the Hongkong and Shanghai Banking Corporation, is a multinational investment bank and financial services company based in London, UK. HSBC operates in over 60 countries and territories, including the UK, Hong Kong, China, Canada, the US, Australia, and throughout Europe, the Middle East, and Asia. The bank is well-known for its retail banking services, investment banking, and wealth management services, and has a large and diverse customer base.
In terms of foreign exchange rates, HSBC offers competitive rates for international money transfers and foreign currency exchange services. Customers can transfer money overseas in a range of currencies, and the bank offers real-time exchange rate quotes and low transfer fees. HSBC also offers foreign currency accounts and multi-currency accounts, allowing customers to hold and manage multiple currencies in a single account.
HSBC's foreign exchange rates are competitive with other major banks and financial institutions, and the bank has a strong reputation for providing reliable and secure services. However, it is always recommended that customers compare exchange rates and fees across different FX providers to ensure they are getting the best value for their money.
When you get a quote for your Global Money Transfer from HSBC on their website or in-app, you can also see the HSBC exchange rate, but it can be difficult to then calculate how much you are being charged.
HSBC does not publish their exchange rates publicly which is frustrating. However, our research shows that on average, HSBC profit margin for foreign exchange rates is somewhere between 2.8 - 7%, depending on the amount you're sending, where you're sending it to and which currency will be received.
While all banks add this mark-up, the extra amount being charged is much higher than it would be with a global money transfer specialist.
Singapore dollar (SGD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | SGD/MYR | Change | Period |
|---|---|---|---|
11 Apr 2025 | 3.3514 | 0.6% ▼ | 2 Week |
25 Jan 2025 | 3.2520 | 2.4% ▲ | 3 Month |
25 Apr 2024 | 3.5148 | 5.2% ▼ | 1 Year |
26 Apr 2020 | 3.0628 | 8.7% ▲ | 5 Year |
28 Apr 2015 | 2.6853 | 24% ▲ | 10 Year |
30 Apr 2005 | 2.3226 | 43.4% ▲ | 20 Year |
Here are some popular conversion amounts for SGD to MYR (Singapore dollar to Malaysian ringgit)*.
| SGD | MYR |
|---|---|
| S$ 1,000 | RM 3,327 |
| S$ 5,000 | RM 16,635 |
| S$ 20,000 | RM 66,540 |
| S$ 100,000 | RM 332,700 |
| SGD | MYR |
|---|---|
| S$ 300.60 | RM 1,000 |
| S$ 1,503 | RM 5,000 |
| S$ 6,012 | RM 20,000 |
| S$ 30,060 | 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 regarding the SGD to MYR exchange rate indicate significant volatility in light of resurgent trade tensions. Following the announcement of new tariffs by U.S. President Donald Trump, which include a 10% tariff on Singaporean goods and a more severe 24% on Malaysian imports, both currencies have displayed a weakening trend. Analysts note that these tariff measures are shaping a challenging landscape for emerging Asian currencies, exacerbated by fears of escalating trade conflicts that have negatively impacted market sentiment.
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.
Read our Currency guide to Malaysia — a practical currency and money guide to travel in Malaysia plus living and doing business with the Malaysian ringgit.
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.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| 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
Markets have shifted focus to the interest rate policies of other major central banks rather than the Federal Reserve.
Instarem provides fast, safe and cost effective cross border money transfer services for Individuals and businesses from Australia, Hong Kong, India, Malaysia and Singapore to more than 25 countries.
News2019-04-18
What is arguably Southeast Asia’s most important exchange rate, Singapore dollar-Malaysian ringgit, leapt on Thursday to its highest level since November 2017, driven by FTSE Russell’s decision to reconsider Malaysia’s inclusion in an important bond index.
Further reading on the Malaysian ringgit (MYR) - Guides, Reviews & News from our research team.
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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