The Malaysian ringgit has surged against the Singapore dollar, hitting its strongest level in five years. This guide shows you how to convert ringgit to SGD, compare live rates from multiple providers, and understand the forces behind the exchange rate.

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Current mid-market rate (MYR to SGD): 1 MYR ≈ 0.3126–0.3135 SGD (Wise to XE) | Recent 48-hour change: -1.37% (Wise) | 5-year high for MYR against SGD: Approx. 0.3135 SGD

Current Rates

  • 1 MYR ≈ 0.3166 SGD (mid-market, XE source)
  • 1 MYR ≈ 0.3256 SGD (Wise source)
  • 1 MYR ≈ 0.3149 SGD (RIA Money Transfer source)
  • 1 MYR ≈ 0.3126 SGD (Revolut source)

Conversion Methods

  • Online converters display mid-market or retail rates.
  • Bank transfers include fees and poorer rates (e.g., DBS at 1.1% below mid-rate, source).
  • Money changers offer negotiable rates but may charge commissions.

Factors Affecting Rate

  • Malaysia’s trade surplus and commodity prices.
  • Singapore’s monetary policy, which targets a strong dollar (MAS).
  • Global risk sentiment and oil prices.

Historical Context

  • 1997-98: MYR depreciated sharply.
  • 2005: Peg unpegged, gradual rise.
  • 2011-12: near parity with SGD.
  • 2020-23: lows around 0.30 SGD.
  • 2024: strongest in 5 years ~0.3135 SGD.
Key Facts: MYR to SGD Conversion
Label Value
ISO code (MYR) MYR
ISO code (SGD) SGD
Central bank (Malaysia) Bank Negara Malaysia
Central bank (Singapore) Monetary Authority of Singapore
Recent volatility indicator -1.37% (48h change on Wise)

How to convert ringgit to SGD?

Converting MYR to SGD is straightforward. Follow these steps using an online provider.

  1. Choose a platform: XE, Wise, Western Union, or Revolut.
  2. Select MYR as the currency you have and SGD as the currency you want.
  3. Enter the amount of ringgit you wish to convert.
  4. Review the exchange rate displayed—mid-market or provider-specific.
  5. Check for any fees or transfer costs (Western Union notes rates vary by payout method).
  6. Confirm the transaction if you are ready to send money.

Step-by-step conversion using online platforms

“Online converters like XE and Wise provide mid-market rates.” — Wise company statement (source)

Comparing rates: XE, Wise, Western Union, Revolut

  • XE: 1 MYR = 0.3166 SGD (mid-market as of 2026-08-03, source)
  • Wise: 1 MYR = 0.3256 SGD (mid-market, source)
  • Revolut: 1 MYR = 0.3126 SGD (source)
  • RIA Money Transfer: 1 MYR = 0.3149 SGD (send-money calculator, source)
RIA labels its conversion as a send-money calculator, meaning the rate includes a markup for remittance.

What to consider when choosing a converter

The rate you see is often not the final rate. Bank transfers add fees and a spread. For example, DBS offered 3.2446 SGD per MYR in January 2025, 1.1% below the mid-rate (source).

The implication: Mid-market rates from XE and Wise are reference points; actual conversion will cost you a margin.

How much is $1 SGD in ringgit today?

Using the mid-market rate from XE (0.3166 MYR per SGD), 1 Singapore dollar buys about 3.158 MYR. However, the inverse rate varies by provider.

Current rate for 1 SGD to MYR

  • XE: 1 SGD = 3.1899 MYR (source)
  • Revolut: 1 SGD = 3.18 MYR (source)

How often do rates change?

Currency exchange rates update continuously. XE updates its mid-market rate every few minutes.

How much is 100 ringgit in SGD?

At the Wise mid-market rate (0.3256), 100 MYR equals 32.56 SGD. At the Revolut rate (0.3126), it equals 31.26 SGD. The amount differs due to provider margins.

Example conversion: 100 MYR to SGD

“Wise presents example conversions: 10 MYR = 3.26 SGD, 50 MYR = 16.28 SGD, 100 MYR = 32.56 SGD” (source)

Impact of fees on conversion

If you use a bank, you might get 100 MYR = only 31.00 SGD after fees and spread.

Why is MYR so strong against SGD?

The ringgit has strengthened due to Malaysia’s trade surplus and higher interest rates compared to Singapore.

Recent economic factors

“The ringgit has strengthened to its highest level against the SGD in five years,” according to analysts. Malaysia’s export revenues from oil and gas have boosted foreign reserves.

Malaysia’s trade surplus

Bank Negara reported a growing surplus, increasing demand for ringgit.

Relative monetary policies

Bank Negara has kept rates higher than MAS, attracting capital inflows.

“As of 2026-08-03, XE lists 1 MYR at 0.316552 SGD at the mid-market rate.” — XE converter description

“Wise lists 1 MYR at 0.3256 SGD on its MYR-to-SGD converter page.” — Wise company literature

The pattern: provider rates diverge from mid-market due to their revenue models.

Was MYR ever stronger than SGD?

Yes, briefly in 2011–2012 the ringgit traded near parity with the Singapore dollar.

Historical exchange rate trends

  • 1997: MYR fell from ~0.60 to below 0.30 SGD during the Asian Financial Crisis.
  • 2005: After unpegging from USD, MYR appreciated steadily.
  • 2011–2012: 1 MYR reached 0.99–1.01 SGD.
  • 2020–2023: MYR fell to as low as 0.29 SGD.

Long-term trajectory

Since 2005, the overall trend has been a weakening of MYR against SGD, but recent months show a reversal.

Additional sources

coinmill.com, x-rates.com, myr.currencyrate.today, uk.investing.com, uk.investing.com, currency.wiki, smartcalculator.sg

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Frequently Asked Questions

What factors influence the MYR to SGD exchange rate?

Trade balances, central bank interest rates, commodity prices (especially oil), and investor sentiment toward emerging markets.

Where can I find the best conversion rate for ringgit to SGD?

Compare mid-market rates on XE or Wise, but watch for transaction fees. Money changers may offer competitive rates for cash.

What is the difference between mid-market rate and the rate offered by banks?

The mid-market rate is the wholesale interbank rate. Banks add a spread of 1–3% depending on the amount.

How does the exchange rate affect travel between Malaysia and Singapore?

A stronger MYR means Malaysians get more SGD when they travel to Singapore. It also affects cross-border shopping and remittances.

Is it better to convert money in Malaysia or Singapore?

Generally, convert in the country where you have a bank account to avoid double conversion fees. Compare airport vs. city rates.

What is the official exchange rate used by banks in Malaysia and Singapore?

Banks use their own daily rates, which are typically 1–2% away from the mid-market rate. Check your bank’s current rate.

How often do exchange rates update?

Real-time rates update every few seconds during market hours. Weekend rates are based on Friday’s close.