SGD to RM Converter — Singapore Dollar to Malaysian Ringgit
Convert Singapore Dollars to Malaysian Ringgit (RM) at the daily mid-market rate. RM is the symbol; MYR is the ISO code — they refer to the same currency.
1 SGD = 3.1108 MYR (as of 2026-04-30, source: European Central Bank)
1 SGD = 3.1108 MYR
Last updated 2 days ago · Source: European Central Bank (Frankfurter)
Disclaimer
Exchange rates shown are indicative only and may not reflect actual transaction rates offered by banks, money changers, or remittance providers. Rates fluctuate continuously throughout the trading day. This tool is not intended to be your sole source of foreign exchange guidance.
Verify with OneMotoring (https://onemotoring.lta.gov.sg). Full disclaimer at smartcalculator.sg/disclaimer.
About the SGD/RM exchange rate
The SGD/RMpair matters to anyone moving money between Singapore and the rest of the region — cross-border workers commuting from Johor Bahru, MM2H retirees, Iskandar property investors, parents paying overseas tuition fees, and anyone sending or receiving remittances. Even a 1% difference in the rate adds up: on a S$10,000 transfer that's S$100 left on the table.
The rate shown here is the mid-marketrate — the midpoint between the bid and ask prices on global FX markets. It's the rate banks quote each other, and the rate you'll see on Reuters, Bloomberg, or Google Finance. It is notthe rate you'll receive at a money changer or bank counter; those include a retail margin (typically 0.5%–3%).
Where you actually exchange depends on amount and urgency. Specialist FX providers (Wise, Instarem, Revolut, YouTrip) are typically within 0.5% of mid-market for SGD/RM. High-street banks usually charge 1.5%–3%. Airport kiosks are the worst — sometimes 5% or more. Always compare the all-in rate (after fees) against the mid-market rate above.
Frequently Asked Questions
What is the current SGD to MYR rate?expand_more
The live SGD/MYR rate is shown above the calculator. It is sourced from the European Central Bank's daily reference rates (via Frankfurter), with open.er-api.com as a fallback. The rate updates once per business day at around 16:00 CET.
How is the SGD to MYR rate calculated?expand_more
This is the mid-market rate — the midpoint between the bid and ask prices on global currency markets. It's the rate banks see, but not the rate you'll get when you actually exchange money. Banks and money changers add a margin (typically 0.5%–3%) on top of the mid-market rate.
What's the difference between mid-market and bank exchange rates?expand_more
Mid-market rates are the "true" rate where the foreign-exchange market clears at any given moment. Banks, money changers, and remittance services quote a "retail" rate that includes their margin. For SGD/MYR, retail spreads of 1%–3% are common at airport kiosks; specialist providers like Wise, Revolut, or YouTrip are typically much closer to mid-market.
How often is the SGD to MYR rate updated?expand_more
We refresh the rate from upstream providers every hour. The underlying source publishes once per business day, so weekend rates carry Friday's value. The "Last updated" line below the calculator tells you exactly when the displayed rate is from.
Can I use this calculator for cross-border money transfers?expand_more
This calculator is a reference for indicative mid-market rates — it is not a money-transfer service and we don't take a margin on any conversion. For actual transfers between Singapore Dollar and Malaysian Ringgit accounts, compare specialist providers (Wise, Instarem, Revolut) against your bank's quoted rate; the gap is usually larger than people expect.
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Sources & methodology
- • Frankfurter — primary source. ECB reference rates published once per business day.
- • open.er-api.com — fallback when Frankfurter is unreachable.
- • Cached at the edge for 1 hour, served stale-while-revalidate for up to 24 hours.
- • Mid-market reference rate. Not a money-transfer quote — actual conversion rates from banks and money changers will differ.
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Note: Singapore Dollar (SGD) and Malaysian Ringgit (MYR) are referenced against ECB daily fixings.