🇸🇬 SGD to 🇲🇾 MYR — Convert Singapore Dollar to Malaysian Ringgit
1 Singapore Dollar = 3.1091 Malaysian Ringgit
SGD/MYR Exchange Rate History
🇸🇬 SGD to 🇲🇾 MYR Conversion Table
| Singapore Dollar (SGD) | Malaysian Ringgit (MYR) |
|---|---|
| S$1 | RM3.1091 |
| S$5 | RM15.5454 |
| S$10 | RM31.0907 |
| S$25 | RM77.7268 |
| S$50 | RM155.4536 |
| S$100 | RM310.9072 |
| S$500 | RM1,554.54 |
| S$1,000 | RM3,109.07 |
| S$5,000 | RM15,545.36 |
| S$10,000 | RM31,090.72 |
SGD/MYR 30-Day Market Statistics
Over the past 30 days, the Singapore Dollar to Malaysian Ringgit exchange rate has risen by 0.9717%, moving from 3.0875 to 3.1175. It traded between a low of 3.0799 on May 14 and a high of 3.1196 on May 1, averaging 3.0995. With a high-to-low spread of 1.2809%, the pair has been very stable this month.
Frequently Asked Questions
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🇸🇬 About the Singapore Dollar (SGD)
The Singapore Dollar is the currency of a leading global financial and trade hub. Unusually, its monetary policy is managed through the exchange rate against a basket of currencies rather than through interest rates.
Issuing authority: Monetary Authority of Singapore (MAS).
🇲🇾 About the Malaysian Ringgit (MYR)
The Malaysian Ringgit is the currency of Malaysia, a trade-oriented economy that exports electronics, palm oil, and petroleum products. The ringgit is influenced by both commodity and technology cycles.
Issuing authority: Bank Negara Malaysia.
What Moves the SGD/MYR Exchange Rate?
The SGD to MYR rate reflects the relative strength of two different economies, so it responds to developments on both sides of the pair.
Singapore Dollar (SGD): MAS exchange-rate-based policy, regional trade flows, Singapore's role as a financial centre, and global risk sentiment.
Malaysian Ringgit (MYR): Oil and palm oil prices, electronics export demand, Bank Negara policy, and regional capital flows.
When demand for the Singapore Dollar rises relative to the Malaysian Ringgit, the SGD/MYR rate increases, meaning each SGD buys more MYR. The opposite happens when the Malaysian Ringgit strengthens.
How to Convert SGD to MYR
- Enter the amount of SGD you want to convert in the converter above.
- The equivalent in MYR is calculated automatically using the latest rate.
- Use the swap button to reverse the conversion (MYR to SGD).
- Check the chart and 30-day statistics above before large conversions.
The rate shown here is the mid-market rate — the midpoint between buy and sell prices on global markets. It is the fairest benchmark for comparing what banks and transfer services actually charge.
Best Ways to Exchange SGD to MYR
Getting a rate close to the mid-market rate above can save you money, especially on larger Singapore Dollar to Malaysian Ringgit amounts. Here are common options ranked by typical value:
| Method | Typical Fee | Speed | Best For |
|---|---|---|---|
| Wise | 0.3-0.6% | 1-2 days | International transfers |
| Revolut | 0-1% | Instant | Travel spending |
| Bank Transfer | 3-5% | 2-5 days | Large amounts |
| Airport Exchange | 7-12% | Instant | Last resort |
Tip: Always compare the rate you're offered against the mid-market rate shown above — the difference is the hidden markup. Banks often embed a 3-5% markup even in "commission-free" offers.
Rates are indicative mid-market rates for informational purposes only and do not constitute financial advice. See our Terms of Service.