About this pair
MYR/SGD: what to know
The MYR/SGD rate shows how much SGD you get for 1 MYR. Right now, 1 MYR buys 0.3134 SGD at the mid-market rate. In the other direction, 1 SGD is worth 3.1912 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while SGD responds to the MAS-managed currency basket.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. The Singapore Dollar (SGD) is issued by Monetary Authority of Singapore. The Singapore and Brunei dollars are interchangeable at par.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.