Understanding the Table:
The comparison table above helps you see the total cost of your Wise currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
The average SGD rate margin offered by Wise is 0.52%.
This average is based on individual SGD 10K transfer rates in the currency pairs from Wise that we monitor.
The tables below show the best and worst exchange rate margins offered by Wise for Singapore dollar (SGD 10K) transactions. Margins show the percentage difference from the mid-market rate.
Singapore dollar (SGD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
SGD/MYR Outlook: Slightly weaker, but likely to move sideways, as the rate is currently below its recent average, near the low end of its 3-month range.
SGD/USD Outlook: Likely to increase, supported by strong performance above its recent average and near recent highs.
USD/MYR Outlook: Bearish, as the rate is below its recent average and near recent lows, pressured by significant economic concerns in the US.
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 3,113 |
| S$ 5,000 | RM 15,566 |
| S$ 20,000 | RM 62,264 |
| S$ 100,000 | RM 311,320 |
| SGD | MYR |
|---|---|
| S$ 321.20 | RM 1,000 |
| S$ 1,606 | RM 5,000 |
| S$ 6,424 | RM 20,000 |
| S$ 32,120 | 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.
The Wise SGD to MYR exchange rate is 3.0832. This is -0.96% compared to the latest SGD-MYR mid-market rate 3.1132.
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 Wise - Singapore dollar to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Wise and other foreign exchange providers against the latest SGD-MYR mid-rate and the possible savings of using various providers.
Looking at the full SGD to MYR - Send Money comparison table the provider with the best SGD to MYR exchange rate is OFX at 3.0976, -0.5% from the latest mid-market rate 3.1132.
The next best is XE at 3.0945, -0.6% from the mid-rate.
Then Wise at 3.0832, which is -0.96% from the mid-rate.
Among the banks the CIMB Bank rate is 3.0167 at -3.1% the OCBC Bank rate is 3.0291 at -2.7% and the Maybank rate is 3.0042 at -3.5% compared to the mid-rate 3.1132.
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 like Wise or platforms that offer rates closer to the mid-market rate.
View a full list of exchange rates by selecting your Base (from) currency:
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