There are two main numbers that you need to understand if you are to have any chance of getting the best possible SGD to MYR rate, these are the foreign exchange market rate and the transaction margin you will be charged by your bank or foreign exchange provider.
Right now the SGD to MYR market rate is but will most likely be quite different by the time you make you currency exchange. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around. Our real-time comparison calculators make shopping around easy and help you calculate how much you can save. When you look up the current Singapore Dollar to Malaysian Ringgit exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.
Getting a great SGD to MYR mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair. This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.
Then choose your transaction type for specific Singapore Dollar cross rates and reviews of leading foreign exchange providers versus the Banks. Subscribe for the latest exchange rates, currency news and special offers directly to your inbox. Disclaimer Copyright Privacy Statement. Best Exchange Rates is an information only service. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product.
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