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