💸 How do I get the best SGD to MYR exchange rate?

Check the real mid-market exchange rate for SGD to MYR; Compare money transfer service rates using Monito's comparison engine; Find services with low commissions and rates near or at the market rate; Sign up and confirm your transfer.

💵 What's the best way to do SGD to MYR money transfers?

The best way to transfer money internationally from the SGD to MYR is to use an international money transfer specialist, such as Instarem and SingX. If you send money internationally with high-street banks, you will likely pay high commission fees with very weak exchange rates.

💱 Which money transfer has best exchange rate?

Wise consistently ranks as having the best exchange rate and lowest fees for transfers from SGD to MYR. However, rates change often, which is why Instarem and SingX are also good options.

🇲🇾 What is the cheapest way to send money to Malaysia?

Wise has been the cheapest way to send money to Malaysia from countries using the SGD in 2021 and 2022. Since rates fluctuate often, other services may be more affordable, so we recommend running a search on Monito's comparison engine. Stay up to date and find the best live transfer rates for your next SGD to MYR transfer.

📱 Does Malaysia have PayNow?

No, Malaysia does not have PayNow. To send money to Malaysia, you'll need to use a remittance platform like Wise or SingX instead. To find options, compare providers on Monito.com in real-time. Take a look at our PayNow alternatives guide for more information.

Today's best Singapore dollars - Malaysian ringgit exchange rates

Mid-market exchange rate

1 SGD = MYR

Get the best rate

Best SGD to MYR Exchange Rates

Last updated 3 hours ago See live results

Your recipient gets	Exchange rate	Fees
3,497.50 MYR Check rates	Instarem SGD to MYR rate: 1 SGD = 3.4975 MYR	0 SGD
3,480.85 MYR Check rates	Wise SGD to MYR rate: 1 SGD = 3.5025 MYR	6 SGD
3,472.94 MYR Check rates	Revolut SGD to MYR rate: 1 SGD = 3.4869 MYR	4 SGD
3,460.10 MYR Check rates	Remitly SGD to MYR rate: 1 SGD = 3.4601 MYR	0 SGD
3,398.70 MYR Check rates	Skrill SGD to MYR rate: 1 SGD = 3.3987 MYR	0 SGD
3,303.22 MYR Check rates	United Overseas Bank SGD to MYR rate: 1 SGD = 3.4670 MYR	47 SGD

Go to full comparison

Compare for a specific amount, different pay-in and pay-out options, and see transfer speed and Monito Scores on our dedicated comparison page.

How To Get the Best Exchange Rate for Your SGD to MYR Transfer

Don't transfer money with banks or kiosks that charge hidden fees and high commissions. Instead, check out our top tips for sending money to Malaysia in the MYR below:

Check the real mid-market exchange rate for SGD to MYR;
Compare money transfer service rates using Monito's comparison engine;
Find services with low commissions and rates near or at the market rate;
Sign up and confirm your transfer.

Best SGD to MYR Exchange Rate

In 2021 and 2022, Wise ranked as the cheapest money transfer service with the best transfer rate for SGD to MYR. During this period, Instarem and SingX ranked second and third respectively.

Transfer with Wise ❯

To help you find cheap rates for sending money from SGD to MYR, Monito's search engine gathers thousands of deals from international money transfer services. Simply run a search to see which service providers send your money across borders at or near the real mid-market exchange rate:

Find the Best Exchange Rate for the Malaysian Ringgit

About the SGD to MYR Exchange Rate

Conversion Rates SGD/MYR

1 SGD	3.498583 MYR
50 SGD	174.929138 MYR
100 SGD	349.858276 MYR
200 SGD	699.716553 MYR
500 SGD	1,749 MYR
1,000 SGD	3,499 MYR
3,500 SGD	12,245 MYR
5,000 SGD	17,493 MYR
10,000 SGD	34,986 MYR
100,000 SGD	349,858 MYR

Source XE.com | Last updated a few seconds ago

Conversion Rates MYR/SGD

1 MYR	0.28583 SGD
50 MYR	14.291501 SGD
100 MYR	28.583003 SGD
200 MYR	57.166005 SGD
300 MYR	85.749008 SGD
500 MYR	142.915013 SGD
1,000 MYR	285.830025 SGD
5,000 MYR	1,429 SGD
10,000 MYR	2,858 SGD
30,000 MYR	8,575 SGD

Source XE.com | Last updated a few seconds ago

Key facts about SGD and MYR

About the Singapore dollar

Name:

Singapore dollar

Symbol:

$

Minor unit:

1/100 Cent

Central Bank:

Monetary Authority of Singapore

Country:

Singapore

Rank in the most traded currencies:

#12
About the Malaysian ringgit

Name:

Malaysian ringgit

Symbol:

RM

Minor unit:

1/100 sen

Central Bank:

Bank Negara Malaysia

Country:

Malaysia

Compare SGD and MYR Exchange Rates To Other Currencies

	SGD	MYR	USD	EUR	GBP	CAD	SLL	MZN
1 SGD		3.4986	0.7338	0.6859	0.5876	1.0034	16624	46.7883
1 MYR	0.2858		0.2098	0.1961	0.1679	0.2868	4752	13.3735
1 USD	1.3627	4.7675		0.9347	0.8007	1.3673	22653	63.7577
1 EUR	1.4579	5.1007	1.0699		0.8566	1.4629	24237	68.2140
1 GBP	1.7019	5.9544	1.2490	1.1674		1.7078	28293	79.6309
1 CAD	0.9966	3.4867	0.7313	0.6836	0.5856		16567	46.6287
1 SLL	0.00006015	0.000210	0.00004414	0.00004126	0.00003534	0.00006036		0.002814
1 MZN	0.021373	0.074775	0.015684	0.014660	0.012558	0.021446	355.3041

Source XE.com | Last updated a few seconds ago

FAQ About the Best Exchange Rates for the Malaysian Ringgit

💸 How do I get the best SGD to MYR exchange rate?
1. Check the real mid-market exchange rate for SGD to MYR;
2. Compare money transfer service rates using Monito's comparison engine;
3. Find services with low commissions and rates near or at the market rate;
4. Sign up and confirm your transfer.
💵 What's the best way to do SGD to MYR money transfers?

The best way to transfer money internationally from the SGD to MYR is to use an international money transfer specialist, such as Instarem and SingX. If you send money internationally with high-street banks, you will likely pay high commission fees with very weak exchange rates.
💲 Which is the best SGD to MYR money transfer?

In 2021 and 2022, Wise ranked as the cheapest money transfer service with the best transfer rate for SGD to MYR. During this period, Instarem and SingX ranked second and third respectively. However, rates change often, so run a search with Monito's comparison engine to find the most up to date transfer rate from SGD to MYR.
💻 Which money transfer is best for Malaysia?

In 2021 and 2022, Wise ranked as the cheapest money transfer service with the best transfer rate for SGD to MYR. During this period, Instarem and SingX ranked second and third respectively.
💱 Which money transfer has best exchange rate?

Wise consistently ranks as having the best exchange rate and lowest fees for transfers from SGD to MYR. However, rates change often, which is why Instarem and SingX are also good options.
🇲🇾 What is the cheapest way to send money to Malaysia?

Wise has been the cheapest way to send money to Malaysia from countries using the SGD in 2021 and 2022. Since rates fluctuate often, other services may be more affordable, so we recommend running a search on Monito's comparison engine. Stay up to date and find the best live transfer rates for your next SGD to MYR transfer.
📱 Does Malaysia have PayNow?

No, Malaysia does not have PayNow. To send money to Malaysia, you'll need to use a remittance platform like Wise or SingX instead. To find options, compare providers on Monito.com in real-time. Take a look at our PayNow alternatives guide for more information.