MYR to SGD Exchange Rate Today
Convert Malaysian Ringgit to Singapore Dollars with live MYR/SGD rates for cross-border work, shopping, or business. The most traded Southeast Asian currency pair.
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Mid-Market Rate
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Exchange rate: Real-time mid-market rate from OpenExchangeRates API. Transfer fees: Based on typical provider fees.Note: Providers may offer different exchange rates than the mid-market rate shown. Always check the provider's website for their actual exchange rate and final pricing before sending.
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Frequently Asked Questions
What is the current MYR to SGD exchange rate?
The Malaysian Ringgit to Singapore Dollar rate typically ranges between S$0.29-0.32 per 1 MYR (or about RM100 = S$29-32). This is the most traded currency pair for cross-border commerce between the two neighbors. Bank Negara Malaysia and MAS policies heavily influence this rate.
Why is MYR/SGD so important regionally?
Malaysia-Singapore bilateral trade totals around $90-100 billion annually. Uses include daily cross-border commuters (over 300,000 Malaysians work in Singapore), weekend shopping trips, property investments, education (Malaysians studying in Singapore), and family transfers. The causeway sees hundreds of thousands of crossings daily.
How have the two currencies diverged historically?
Until 1973, MYR and SGD were equal (both called 'Malaysian dollar'). Since separation, SGD has appreciated significantly against MYR—roughly tripling in value due to Singapore's economic success, political stability, and MAS's strong currency policy. MYR weakened during 1998 Asian crisis and 2015 oil price collapse.
What's the best way to convert MYR to SGD?
Use money changers at JB City Square or Johor Bahru checkpoints for best walk-in rates (better than banks), Wise or OFX for transfers (0.5-1% markup), avoid airport exchanges, Malaysian banks charge 2-3%, and Singaporean banks like DBS accept MYR deposits for residents.
When should I convert MYR to SGD?
Johor Bahru workers earning S$4,000 in Singapore benefit when ringgit weakens below S$0.30, gaining RM13,333 versus RM12,000 at S$0.32—stretching living costs in Malaysia. Malaysian workers in Singapore (350,000+ daily commuters via Causeway) converting salaries watch palm oil prices; CPO Ringgit volatility (BNM interventions create swings) matters for timing. Optimizing from S$0.30 to S$0.32 produces S$2,000 monthly on RM100K—meaningful for Malaysians leveraging Singapore salaries with Malaysia's 40% lower living costs in JB or Penang.