Singapore Dollar to Malaysian Ringgit — SGD to MYR
SGD to MYR Converter
SGD/MYR Rate — Last 30 Days
SGD edged up 0.45% this week — modest gains, no strong directional signal.
The 7-day and 30-day averages are very close — SGD/MYR is consolidating without a clear directional bias. Watch for a breakout from this range.
5 consecutive days where SGD gained vs MYR. Consistent streaks indicate sustained buying pressure — but longer streaks increase the odds of a short-term pullback.
The rate is at its highest point in 30 days. Strong bullish momentum — SGD buyers are in control. At highs, watch for resistance and potential reversal.
RSI above 50 means buyers are in control over the recent period. At 64, momentum is moderately bullish — not extreme, suggesting the trend has room to continue without being overextended.
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Rate Statistics
| Period | High | Low | Average |
|---|---|---|---|
| 7 days | 3.1804 | 3.1638 | 3.1723 |
| 30 days | 3.2085 | 3.0860 | 3.1457 |
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Historical SGD/MYR Rates by Year
What drives the SGD/MYR rate?
Whether you're converting SGD for travel, business, or investment, here's what drives the SGD to MYR exchange rate. The SGD/MYR exchange rate is determined by supply and demand in global currency markets, influenced by interest rate decisions from both central banks, economic data releases, inflation figures, and broader risk sentiment in financial markets. Trade flows between the two countries or regions also play an important role in long-term rate direction.
How to get the best SGD to MYR rate
The rate shown above is the interbank mid-market rate — the real exchange rate used between financial institutions. Individual customers cannot access this rate directly. Banks typically add a 2–3% spread on top, meaning you receive significantly less than the rate shown.
Online transfer services like Wise offer rates very close to the interbank rate with a small transparent fee of 0.5–1%. On a $1,000 SGD exchange this typically saves $15–25 compared to a bank. Airport exchange booths charge the highest fees — often 5–8% above the interbank rate — and should be avoided for large amounts.