SGD to MYR today, and MYR to SGD

Few people change at the mid-market rate: most banks, cards, apps and money changers give you a little less and keep the difference. On S$1,000 today the gap runs from about RM11 with Wise to RM100 with a Singapore bank card. Every way, side by side

S$1,000 in ringgit today, each way

Each provider’s published rate or fee, read today; “about” rows apply the published fee to the mid-market rate, because the card’s own rate isn’t published in a form we read. A money changer sets its own rate: type it into the converter to see where it falls. No one pays us to list any of these, and there are no affiliate links.

Change now, or wait?

On the ECB’s rate for 30 Oct, S$1 bought RM3.1736: above the past year’s average of 3.1497, and more than on 63% of days in the past year but only 25% in the past five.

Today’s rate against the past year, five years and since 1999

Over	Average	Lowest	Highest	Days S$1 bought less
The past year	3.1497	3.056918 Mar 2026	3.22159 Sep 2026	63%
The past 5 years	3.2835	3.056918 Mar 2026	3.567820 Feb 2024	25%
Since 1999	2.6641	2.048627 Dec 2001	3.567820 Feb 2024	87%

We don’t forecast exchange rates, and no one can say where this one goes next. What the past shows: over the past year the rate’s lowest and highest were 0.1646 apart, RM164.65 on S$1,000. If you need ringgit by a date, changing some now and the rest later spreads the risk either way. These use the ECB’s daily rates, which go back to 1999; Bank Negara Malaysia’s rate at the top is set at a different time of day, so the two differ slightly.

Your amount, every way to change

Put in how much you are changing, either way. At a money changer, add the rate on its board to see what it costs you against the mid-market rate, Wise and the banks.

Change

S$ to ringgit Ringgit to S$

Amount

S$

How much you are changing.

Rate on a money changer’s board (optional)

As the board shows it: ringgit for S$1 (e.g. 3.13), S$ for RM1, or S$ for RM100. We read which it is.

Start from an example

JB day tripS$300 to ringgitHoliday in MalaysiaS$1,000 to ringgitSending pay homeS$2,000 to ringgitRinggit to S$RM1,000 to S$A big transferS$20,000 to ringgit

S$1,000.00 in ringgit

RM3,175.60 at the mid-market rate

S$1,000.00 in ringgit, each way to change, most first

Way	You get	Against mid-market
Mid-market rateThe rate between banks in Kuala Lumpur, 5 pm, 30 Oct (Bank Negara Malaysia), with no margin: the yardstick for the rest.	RM3,175.60	–
Card with no FX feeYouTrip (its own mid-market rate) or Trust (Visa’s rate), no fee from either. About this much: we work it out at the mid-market rate.	About RM3,175.60	No fee, at its own rate
Revolut (Standard plan), weekdayAt Revolut’s rate, free up to S$5,000 a month, then 1%; 1% more at weekends. About this much: we work it out at the mid-market rate.	About RM3,175.60	No fee, at its own rate
Wise transferFee S$3.08, at Wise’s rate of 3.1746. Worked out from Wise’s own quotes at S$100 to S$5,000.	RM3,164.85	−RM10.75 (−0.34%)
S$ cash at a Malaysian bankThe best counter rate of selected Malaysian banks for buying your S$, 11:30 am, 30 Oct (Bank Negara Malaysia).	RM3,143.60	−RM32.00 (−1.01%)
DBS transferDBS’s posted transfer rate for ringgit, 6:00 am, 31 Oct; DBS says logging in shows the actual rate for your transaction, and larger amounts may get better rates.	RM3,135.52	−RM40.08 (−1.26%)
Singapore bank cardUp to 3.25% on top of Visa’s or Mastercard’s rate (DBS and POSB’s fees). About this much: we work it out at the mid-market rate.	About RM3,075.64	−RM99.96 (−3.15%)

Each 0.01 on the rate is RM10.00 on this amount. At a money changer, type the rate on its board into the box above to see how it compares.

Rates and fees as each provider publishes them; rows marked “about” use the mid-market rate in place of the card’s own rate, which we don’t read. Not a quote: the provider’s own screen at the time you change is what counts. How we work it out

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Every common amount

S$ to ringgit at the amounts people change most, each way, worked out the same way as the converter.

Tap an amount to load it into the converter. Wise’s fee rises with the amount (a fixed part plus a share), so its lead over the bank ways grows as the amount grows; a bank card’s 3.25% is the same share at every amount.

Sending money to Malaysia

What arrives in a Malaysian bank account when you send S$1,000, from Wise’s comparison of banks and transfer services. For any other amount, use the converter: the Wise and DBS rows are transfers.

From Wise’s public price comparison: Wise’s own quote, and the other providers’ prices as Wise collected them, at the times shown; a price collected earlier may have changed since. Wise is one of the providers compared. Listed by what arrives, most first. DBS’s own transfer rate is in the table at the top; banks and services Wise doesn’t list (CIMB, for one) aren’t here.

MYR to SGD: ringgit to Singapore dollars

For anyone holding ringgit: what it is worth in S$, and what arrives in Singapore through Wise and the Malaysian banks, as Wise’s public comparison collected them. The converter above also works this way: choose “Ringgit to S$”.

Sending RM1,000 to Singapore

From Wise’s public price comparison: Wise’s own quote, and the other providers’ prices as Wise collected them, at the times shown; a price collected earlier may have changed since. Wise is one of the providers compared. Listed by what arrives, most first.

S$ to ringgit and back: quick tables

At the mid-market rate of RM3.1756 for S$1 (Bank Negara Malaysia, 5 pm, 30 Oct). What you get from a bank, card or money changer is a little less: the converter shows how much.

SGD to MYR since 1988

Ringgit for S$1, every working day since 1999 and every month since 1988. The chart opens on the past year.

Daily, ECB reference rates (from 1999) Monthly average, SingStat (1988 to 1998)

1 year5 yearsSince 1988

Tap or hover on the chart to read a value.

3.053.103.153.203.25

Jan 2026AprJulOct

Year by year

Ringgit for S$1: the average of SingStat’s monthly figures, and the lowest and highest day on the ECB’s rates (from 1999).

The other 29 years, back to 1988

Year	Average	Lowest day	Highest day	On the year before
2016	3.0013	2.8501	3.1297	+5.7%
2015	2.8386	2.6239	3.1139	+9.9%
2014	2.5825	2.5229	2.6832	+2.6%
2013	2.5178	2.3935	2.6120	+1.9%
2012	2.4719	2.3969	2.5278	+1.6%
2011	2.4327	2.3647	2.4925	+3.0%
2010	2.3622	2.2921	2.4371	-2.5%
2009	2.4237	2.3626	2.4653	+2.9%
2008	2.3553	2.2749	2.4286	+3.2%
2007	2.2814	2.2087	2.3426	-1.2%
2006	2.3088	2.2710	2.3492	+1.5%
2005	2.2757	2.2166	2.3465	+1.2%
2004	2.2486	2.1982	2.3270	+3.1%
2003	2.1813	2.1271	2.2386	+2.8%
2002	2.1229	2.0540	2.1949	+0.1%
2001	2.1218	2.0486	2.1997	-3.8%
2000	2.2045	2.1596	2.2988	-1.7%
1999	2.2424	2.1888	2.2926	-4.3%
1998	2.3433	–	–	+24.3%
1997	1.8849	–	–	+5.6%
1996	1.7842	–	–	+0.8%
1995	1.7697	–	–	+3.0%
1994	1.7176	–	–	+7.8%
1993	1.5932	–	–	+1.9%
1992	1.5636	–	–	-1.8%
1991	1.5925	–	–	+6.6%
1990	1.4938	–	–	+7.6%
1989	1.3885	–	–	+6.7%
1988	1.3013	–	–	–

SingStat, Exchange Rates (Average For Period), Monthly (table M700051), updated 14 Oct 2026; the ECB’s euro reference rates, our cross. Every day and month: download the CSV.

Email me when the ringgit rate moves

One email when S$1 buys more ringgit than on any day in the past year, or when the rate has moved 1% or more since our last email, at most once a week, with what S$1,000 gets each way. Nothing in between.

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The highest and lowest SGD to MYR rate

The highest: S$1 bought the most ringgit in February 2024, an average of RM3.5474 for the month; the highest single day was 20 February 2024, at RM3.5678 (ECB). Today’s RM3.1756 is 11.0% below that day.

The lowest: RM1.2538 for S$1 in January 1988, the first month in SingStat’s table. Since daily rates begin in 1999, the lowest day was 27 December 2001, at RM2.0486.

The 1997 to 1998 crisis: S$1 bought RM1.7630 in June 1997 and RM2.5063 in January 1998, 42% more in seven months, as the ringgit fell during the Asian financial crisis. Malaysia then fixed the ringgit at RM3.80 to the US dollar from 2 September 1998 until 21 July 2005 (Bank Negara Malaysia), which is why the line is calmer from 1999 to 2005.

Monthly averages from SingStat (table M700051, from January 1988); days from the ECB’s reference rates (from 4 January 1999), our cross. “On record” means in these two series; the ringgit and the Singapore dollar were exchanged before 1988, but these tables don’t go further back.

What banks charge to change

Every bank quotes two rates: one for buying your Singapore dollars and one for selling them to you. The gap between them is the bank’s margin, and it is wider at the counter than between banks.

The counter gap hardly moves: the average each year, from BNM’s daily 11:30 am rates since 2021:

• 2021 1.36%
• 2022 1.32%
• 2023 1.24%
• 2024 1.23%
• 2025 1.28%
• 2026 1.34%

“Gap” is selling less buying, as a share of the rate halfway between. A bank buying your S$ pays the lower figure; selling you S$, it charges the higher one. Bank Negara Malaysia: “Rates at 1130 are the best counter rates offered by selected commercial banks.”

At a money changer

Each money changer sets its own rates, and we haven’t found one that publishes them on its own website, so this page can’t list them. What you can do at the counter: read the board, put its rate into the converter, and see in dollars what it costs against the mid-market rate, Wise and the banks.

• Which number to read. Changing S$ for ringgit, the changer sells you ringgit: read its selling rate for MYR. Changing ringgit back, read its buying rate.
• How it’s written. Some boards show ringgit for S$1, some S$ for RM1 or for RM100. The converter takes any of the three.
• Licensed or not. Money-changers in Singapore are licensed by MAS under the Payment Services Act 2019. Check a changer’s name in MAS’s Financial Institutions Directory.

Paying by card: in ringgit or S$?

A shop or ATM in Malaysia may offer to charge your Singapore card in S$ instead of ringgit. That is Dynamic Currency Conversion: “The exchange rate is set by the merchant or its DCC provider”, in DBS and POSB’s words, not by Visa, Mastercard or your bank, and DBS and POSB still add 1% on a credit card and 2.8% on a debit card. Choosing ringgit means the card’s own rate plus your bank’s fee (3.25% at DBS and POSB), which you can check against the mid-market rate here.

DBS and POSB: card charges and overseas transaction fees, read 31 Oct 2026.

Why the rate moves

Both central banks manage their currency, in different ways. MAS steers the Singapore dollar against a basket of currencies, not against the ringgit alone: “MAS manages the Singapore dollar against a basket of currencies along a typically appreciating path or crawl within a policy band.” (MAS). In its October 2026 statement, MAS kept the rate of appreciation, width and centre of the S$NEER policy band unchanged (MAS, 14 October 2026).

The ringgit was fixed at RM3.80 to the US dollar from 2 September 1998; since 21 July 2005 it has floated, with Bank Negara Malaysia watching it against a basket: “Bank Negara Malaysia will monitor the exchange rate against a currency basket to ensure that the exchange rate remains close to its fair value.” (BNM).

So SGD to MYR moves with whatever moves either currency against the rest of the world, and it can move when nothing has changed between the two countries. The chart above shows how far it has moved in a year.

Common mistakes

• “The rate on Google is what I’ll get.” A currency converter on a search page shows a market rate, much like the mid-market rate at the top of this page. Banks and money changers don’t give that rate to customers, and an app that says it does still has its own rate on the day; the table at the top shows what each way gives on S$1,000 today.
• “No fee means no cost.” Most of the cost of changing money is in the rate, not the fee. A transfer with no fee can still give you less than one with a fee: compare what arrives, not the fee.
• “Paying in S$ abroad avoids the card fee.” It swaps your bank’s fee for the shop’s own rate, and a Singapore bank still charges a fee on it. See paying by card.
• “A higher number on the board is better.” Only when you are changing S$ into ringgit and the board shows ringgit for S$1. Changing ringgit back, the same kind of number should be lower. The converter takes care of this: put in the board’s number and it shows what you get.

From the providers’ own pages and Bank Negara Malaysia’s rates, linked in each section; the figures are this page’s, worked out from them.

Questions people ask

How we get these rates

• The main rate is Bank Negara Malaysia’s middle rate from the Kuala Lumpur interbank market, which BNM publishes at 9 am, noon and 5 pm on Malaysian working days (BNM exchange rates, read from its open API every hour from 9:15 am to 6:15 pm). We show the latest of the three. At weekends and on holidays it stays at the last working day’s 5 pm rate. Its 11:30 am figures are “the best counter rates offered by selected commercial banks”.
• History is the European Central Bank’s daily reference rates since 4 January 1999 (ECB): the ECB gives ringgit and Singapore dollars per euro, and we divide one by the other. Before 1999, SingStat’s monthly average S$ per ringgit (table M700051, MAS figures), turned round. The ECB’s figure and BNM’s 5 pm rate for the same day must agree within 1%; the job flags it if they don’t.
• DBS: the transfer selling rate for ringgit from the data behind DBS’s foreign exchange rates page, with DBS’s own effective time. DBS: “Log in now to retrieve actual rates for your transaction. Higher transaction amounts may qualify for even greater discounts.”
• Wise: Wise’s public price comparison (wise.com), read every hour from 9:15 am to 6:15 pm, every day, at S$ and RM 100, 500, 1,000 and 5,000. Wise’s fee there is a fixed part plus a share of the amount; we fit both to Wise’s four quotes (within a cent or so) to work out the fee on any amount. Other providers’ prices are as Wise collected them, with Wise’s times.
• Cards: DBS and POSB’s published fees (3.25%: 1% from the card association and 2.25% from the bank, DBS and POSB); YouTrip’s (YouTrip, page dated 18 Jun 2025) and Trust’s (Trust) own pages; Revolut Singapore, Personal Fees (Standard), version 0.8.1. Read 31 Oct 2026 and re-read on our update schedule. Card rows use the mid-market rate in place of Visa’s or Mastercard’s own rate, which we don’t read, so they say “about”.
• A new rate is refused if it is outside RM2.00 to RM4.50 for S$1, if a buying rate is above its selling rate, or if it moves more than 4% from our last read within four days; the page then keeps the last good read and says when it was.
• Numbers.sg is not connected to any bank, card, app or money changer named here; no one pays us, and this page has no affiliate links. It is not advice on when or how to change money. The converter runs in your browser; nothing you type is sent anywhere. See our disclaimer, how we get our numbers and corrections.

Changes to this page

1. 31 Oct 2026

   New: SGD to MYR and MYR to SGD. Today’s rate from Bank Negara Malaysia; what S$1,000 comes to by card, app, transfer or cash against the mid-market rate; a converter that takes the rate on a money changer’s board and shows what it costs you; where today’s rate sits against the past year and five years; Wise’s comparison of what arrives each way; and the rate every working day since 1999 and every month since 1988. New Currency section and an email alert when the ringgit rate moves. See today’s rate