CIMB SGD to MYR Rate Today: Live & Best Transfer Rates

If you’re sending money from Singapore to Malaysia, the exchange rate you lock in can mean the difference of tens or even hundreds of ringgit on a single transfer. CIMB’s SGD-to-MYR rate has been on a notable trajectory over the past year, and understanding where it stands right now could directly affect what your recipient receives. Here’s what the current data shows and how to act on it.

Live CIMB SGD-MYR Rate: 3.1043 · High Range: 3.7213 · Low Range: 3.1043 · Transfer Speed: Instant · Rate Guarantee: Best exchange rate

The table below summarizes the key specifications for CIMB’s SGD-to-MYR transfer service.

How much is $1 SGD in ringgit today?

Current CIMB rate

The SGD-MYR cross rate was last quoted at 3.1043 on 14 April 2026, according to CIMB’s Chief Investment Office ticker. This means 1 Singapore dollar buys approximately 3.10 Malaysian ringgit at the interbank level.

CIMB Malaysia’s own forex page shows its SGD buy rate at 3.0736 and sell rate at 3.1396, according to CIMB Malaysia’s official rates page. The buy rate applies when you sell SGD to CIMB; the sell rate applies when you buy SGD from CIMB.

Live updates

For the most current rate, CIMB Singapore directs customers to its CIMB Singapore foreign exchange rates page. The bank promotes instant transfers to Malaysia through its CIMB Singapore promotional page, though specific rates are not listed publicly on that page.

Rates update throughout the trading day as currency markets move. The Wise comparison tool shows the mid-market rate (the true interbank rate) updated as recently as one minute ago.

What is a good SGD to MYR exchange rate?

CIMB guarantee

CIMB Singapore promotes its transfers with a “best exchange rate” promise, according to its promotional page. The bank positions this as a key differentiator from other providers.

However, research shows that no explicit live rate guarantee is detailed in the available CIMB Singapore sources. The promotional language emphasizes “best” rather than “matching” or “guaranteed against” the mid-market rate.

Market benchmarks

To assess whether CIMB offers a good rate, it helps to know the mid-market rate. According to Wise’s comparison tool, the mid-market rate for MYR to SGD is 0.304663 SGD per MYR, which translates to roughly 3.281 SGD per MYR, or approximately 3.23 MYR per SGD.

Comparing this to CIMB Malaysia’s rates: the bank shows a buy rate of 3.0736 and sell rate of 3.1396 for SGD-MYR pairs. For SGD-to-MYR transfers from Singapore, the effective rate likely falls within this range or closer to the buy rate of 3.0736, which is slightly below the mid-market benchmark of around 3.10–3.15.

For those transferring in the opposite direction (MYR to SGD), Wise’s analysis shows that CIMB’s rate is approximately 5.50 SGD worse than Wise for every 1,000 MYR transferred.

How to transfer money from SGD to MYR via CIMB?

Steps via Clicks app

CIMB Singapore offers a streamlined process for transferring Singapore dollars to Malaysian ringgit through its CIMB Clicks Mobile App. Here are the general steps:

1. Log in to CIMB Clicks Mobile App using your credentials
2. Navigate to the “Transfer” or “Send Money” section
3. Select “Overseas” or “To Malaysia” as the destination
4. Enter the amount in SGD you wish to transfer
5. Review the exchange rate and any applicable fees
6. Confirm the transfer with your secure authentication method
7. Recipient receives Malaysian ringgit, typically instantly

The promotion page states that CIMB SG-to-MY transfers are instant, according to CIMB Singapore’s promotional materials.

Business channel

For business customers, CIMB offers the BizChannel platform for larger or recurring transfers. Business users can access dedicated forex rates through CIMB Preferred Malaysia’s remittance page, which mentions additional discounted FX rates for eligible customers.

CIMB also promotes fast, secure, and reliable online money transfers to Malaysia, emphasizing the convenience of digital channels over traditional branch visits.

Can I transfer money from CIMB Singapore to CIMB Malaysia?

Eligibility

Yes, customers with CIMB Singapore accounts can transfer funds to CIMB Malaysia accounts. The cross-border transfer service is designed for both personal and business needs. According to CIMB Singapore’s promotional page, transfers are promoted as instant and secure.

To use the service, you typically need an active CIMB Singapore account with sufficient SGD balance. The recipient needs a valid CIMB Malaysia account to receive the transferred ringgit.

Limits

Specific transfer limits vary by account type and customer tier. Standard CIMB accounts usually have daily transfer limits that can be adjusted through the app or by contacting customer service. Business accounts may have higher limits with additional verification.

For premium customers, CIMB Preferred Malaysia offers remittance with additional discounted FX rates, which could benefit those making regular or large transfers.

Is ringgit getting stronger or SGD weaker?

Recent trends

The one-year data tells a clear story: the ringgit has strengthened significantly against the Singapore dollar. The SGD-MYR rate has declined 6.87% over the past 12 months as of 13 April 2026, according to CIMB CIO data.

This means that 1 SGD now buys fewer MYR than it did a year ago. If you were transferring money from Singapore to Malaysia, this trend would mean receiving less ringgit for the same amount of SGD compared to last year.

CIMB data

Looking at shorter time frames: the rate is up 1.84% over the past month, down 0.99% year-to-date, and down 0.63% in the single day leading up to 14 April 2026, based on CIMB CIO ticker data.

The 50-day moving average of 3.0970 (as of 17 April 2026) and the 100-day moving average of 3.1061 suggest the rate has been relatively stable, trading close to its recent averages. The current rate of 3.1043 sits slightly below the 100 DMA, indicating some recent softness.

The historical high of 3.7213 shows how much the rate has moved from its peak, according to the CIMB CIO chart data.

CIMB vs. alternative providers

Three providers offer different value propositions for SGD-to-MYR transfers:

Panda Remit offers a rate of 3.1139 MYR per SGD with a 0.00 SGD base fee, according to Panda Remit’s Singapore-to-Malaysia page. The service claims better rates than traditional banks.

For MYR-to-SGD transfers specifically, Wise shows that its mid-market rate yields approximately 300.65 SGD for 1,000 MYR (after a 13.16 MYR fee), while CIMB’s rate yields only 295.15 SGD, according to Wise’s comparison tool.

The pattern is clear: for SGD-to-MYR, CIMB competes on convenience and speed; for MYR-to-SGD, Wise offers better value by using the mid-market rate.

Step-by-step: Transfer SGD to MYR with CIMB

• Log in: Open the CIMB Clicks Mobile App and sign in with your credentials
• Select transfer type: Choose “Overseas Transfer” or “Send to Malaysia”
• Enter details: Input the amount in SGD and the recipient’s CIMB Malaysia account number
• Check the rate: Review the exchange rate CIMB is offering at that moment
• Review total: See how much MYR your recipient will get
• Confirm: Authorize the transfer using your secure login or biometrics
• Track: Receive confirmation and transfer status updates

The process is designed to be completed in minutes, with the recipient typically receiving the ringgit instantly, according to CIMB Singapore’s promotional description.

What’s confirmed and what’s uncertain

“Transfer SGD to Ringgit instantly with CIMB with the best SGD to MYR exchange rate!”

— CIMB Singapore (Bank Promoter)

“Wise uses the mid-market exchange rate and charges a low, transparent fee.”

— Wise (Remittance Provider)

For anyone regularly transferring between Singapore and Malaysia, the current rate environment presents both opportunity and caution. The ringgit’s strengthening over the past year means that waiting may have been wise for those converting MYR to SGD—but for those sending SGD to Malaysia, earlier transfers would have yielded more ringgit.

The data from CIMB CIO shows the rate at 3.1043 as of mid-April 2026, near its 50-day average of 3.0970. This suggests relative stability, though the -0.63% single-day drop shows the rate can move quickly.

For Singapore-based users needing to send money to Malaysia urgently, CIMB’s instant transfer service through the Clicks app remains a direct option. For rate-sensitive transfers where speed is less critical, comparing against Wise and Panda Remit before confirming could yield meaningful savings.