LocalExchangeRates.com

Official Rate Sheet: Singapore Dollar (SGD) / Malaysian Ringgit (MYR)

Date generated:

Mid-Market Rate: 1 SGD = 3.1938 MYR

Real-Time Interbank Wholesale Feed: October 6, 2026

Singapore Dollar to Malaysian Ringgit Exchange Rate (SGD to MYR)

Real-time mid-market wholesale rate with zero retail markup. Check benchmark pricing before bank conversion or international wire transfer.

Bottom Line Up Front (BLUF): How much is 1,000 SGD in MYR?

1 SGD = 3.1938 MYR

At the current mid-market wholesale exchange rate, converting 1,000 Singapore Dollar (SGD) yields approximately 3,193.79 Malaysian Ringgit (MYR) (inverse rate: 1 MYR = 0.3131 SGD). This rate represents the pure interbank benchmark. Retail dealers and commercial banks typically apply a commercial spread between 1.5% and 3.5%. View live calculations, historical charts, and provider spreads below.

You Pay (Amount): SGD

You Receive (Estimate): MYR

Wycena na podstawie średniego kursu międzybankowego (0,00% marży)

Kurs rynkowy: 1 SGD = 3.1938 MYR

Kurs odwrotny: 1 MYR = 0.3131 SGD

Status danych: Live Data (Redis)

Looking for reverse calculation? Check MYR to SGD (Malaysian Ringgit to Singapore Dollar) Live Converter →

SGD to MYR Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Singapore Dollar against Malaysian Ringgit

Period High

3.2321 MYR

Period Low

3.1555 MYR

Volatility / Avg

3.1938 MYR

Mid-Market Trend

+0.25%

30-Day Range (1M) Position: 50% range

Min: 3.1555 MYR

Max: 3.2321 MYR

52-Week Range (1Y) Current Position: 65% Range

Min: 3.0820 MYR

Max: 3.3056 MYR

Standard Denomination Conversion Matrix (SGD & MYR)

Wholesale interbank rate matrix with zero retail markup or hidden fees.

Singapore Dollar → Malaysian Ringgit (SGD / MYR)

Wholesale Benchmark

Singapore Dollar (SGD)	Malaysian Ringgit (MYR)
1 SGD	3.19 MYR
5 SGD	15.97 MYR
10 SGD	31.94 MYR
25 SGD	79.84 MYR
50 SGD	159.69 MYR
100 SGD	319.38 MYR
200 SGD	638.76 MYR
250 SGD	798.45 MYR
500 SGD	1,596.89 MYR
1,000 SGD	3,193.79 MYR
2,500 SGD	7,984.47 MYR
5,000 SGD	15,968.93 MYR
10,000 SGD	31,937.86 MYR

Malaysian Ringgit → Singapore Dollar (MYR / SGD)

Wholesale Benchmark

Malaysian Ringgit (MYR)	Singapore Dollar (SGD)
1 MYR	0.31 SGD
5 MYR	1.57 SGD
10 MYR	3.13 SGD
25 MYR	7.83 SGD
50 MYR	15.66 SGD
100 MYR	31.31 SGD
200 MYR	62.62 SGD
250 MYR	78.28 SGD
500 MYR	156.55 SGD
1,000 MYR	313.11 SGD
2,500 MYR	782.77 SGD
5,000 MYR	1,565.54 SGD
10,000 MYR	3,131.08 SGD

Provider / Channel	SGD/MYR Effective Exchange Rate	Estimated Fee	Estimated Received (MYR)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	3.1938 MYR	0.00%	15,968.93 MYR	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	3.0820 MYR	~3.50%	15,410.02 MYR	-558.91 MYR
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	2.8744 MYR	~10.00%	14,372.04 MYR	-1,596.89 MYR

1 SGD to MYR: Singapore Dollar to Malaysian Ringgit Exchange Guide

Searches for 1 SGD to MYR or convert SGD to MYR describe the amount of Malaysian Ringgit received per 1 Singapore Dollar. At today's wholesale baseline of 1 SGD = 3.1938 MYR (inverse: 1 MYR = 0.3131 SGD), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Singapore ↔ Malaysia)

Whether remitting money internationally or budgeting for travel, benchmark retail bank quotes against the wholesale mid-market rate to avoid excessive markups.

🏦 Commercial Bank Spreads

Major commercial banks typically add markups between 1.5% and 3.5% on foreign currencies, whereas digital multi-currency accounts operate with tighter margins.

📈 Monetary Policy Drivers

Interest rate decisions and monetary policies set by Monetary Authority of Singapore (MAS) and Central Bank of Malaysia (BNM) shape the medium-to-long term valuation of SGD/MYR.

SGD and MYR Currency Profiles

Official monetary framework, central bank governance, and banknote specifications for Singapore and Malaysia.

How the SGD to MYR Exchange Rate Works

Foreign exchange transactions between Singapore (SGD) and Malaysia (MYR) trade continuously on global wholesale interbank currency markets. The mid-market rate represents the exact mathematical midpoint between institutional buy (bid) and sell (ask) quotes without retail dealer markups.

Key considerations when converting or transferring between SGD and MYR:

Banking Channel Selection: Digital banking transfers and specialized multi-currency accounts generally offer exchange margins of 0.2% to 0.8%, whereas airport physical cash booths frequently charge 8% to 12% over the interbank baseline.
Central Bank Oversight & Policy: Monetary policy decisions, policy interest rate differentials, and currency reserves managed by Monetary Authority of Singapore (MAS) and Central Bank of Malaysia (BNM) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Singapore and Malaysia exceeding equivalent to 10,000 USD or EUR are legally required to file written declarations with border authorities.
Avoid Dynamic Currency Conversion (DCC): When using payment cards abroad or withdrawing cash from ATMs, always elect to be billed in the local currency (MYR) rather than your home billing currency to bypass costly DCC conversion markups.

LocalExchangeRates aggregates real-time wholesale interbank benchmarks to provide users with transparent, independent currency valuation.

Frequently Asked Questions: Singapore Dollar to Malaysian Ringgit Conversion

Common questions regarding Singapore Dollar to Malaysian Ringgit conversion, bank spreads, and transfer costs.

How much is 1,000 SGD in MYR today?

At the current mid-market exchange rate (1 SGD = 3.1938 MYR), 1,000 Singapore Dollar equals approximately 3,193.79 Malaysian Ringgit. Retail exchange bureaus and commercial banks typically apply a 1.5% to 3.5% transaction spread.

Where can I get the best exchange rate for Singapore Dollar?

To secure the best rates, avoid airport currency kiosks which routinely apply markups exceeding 8% to 12%. Converting currency at major commercial banks or using a low-fee multi-currency card typically delivers the closest rate to the mid-market benchmark.

Are there cash declaration limits when traveling with SGD?

Most international customs jurisdictions mandate a formal declaration when carrying physical cash or negotiable instruments exceeding the equivalent of 10,000 USD or EUR. Check with local customs authority (Monetary Authority of Singapore (MAS)) prior to departure.

Does the exchange rate fluctuate during weekends?

Global interbank foreign exchange markets close on Friday evening (5:00 PM EST) and reopen on Sunday evening. Over the weekend, rates remain static at the Friday close, though retail providers may widen spreads to offset volatility risks.

How is the mid-market exchange rate calculated?

The mid-market exchange rate is the exact midpoint between global wholesale institutional buy (bid) and sell (ask) quotes. It serves as the global benchmark without any added retail broker or banking markup.