Best companies for MYR/SGD transfers
3 of 3 providers Last updated on 21 September 2026
Based on 30,000 MYR transfer Best companies for MYR/SGD transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee RM 188.99 1 MYR = 0.3129 SGD 0.00% vs mid-market	Recipient gets $9,328.19 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Singapore with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 188.991 MYR = 0.3129 SGD $9,328.19You payRM 30,000.00
Promoted Xe Pay via Bank transfer	Fee RM 0.00 1 MYR = 0.3109 SGD +0.65% vs mid-market	Recipient gets $9,327.00 Minutes - 24 hours
4 reviews Personal account managerReceive to bank accountDedicated support for larger transactions
Ways to receive money in Singapore with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.3109 SGD $9,327.00You payRM 30,000.00
Run a live search Showing top Malaysia to Singapore deals for 30,000 MYR. Do a live search with your exact amount for today's best rates.
Run a live search Showing companies that send from a business account. Run a business search to get live MYR to SGD rates.
Run a live search These companies offer multi-currency accounts for spending SGD. We suggest doing a live search based on how much MYR you're planning to spend in Singapore.
Run a live search These are managed services with real human support for large MYR transfers. Click the link and update the transfer amount to get the best deal.
Exclusive: First Transfer Deal Regency FX Pay via Bank transfer	Fee RM 0.00 1 MYR = 0.3121 SGD +0.27% vs mid-market	Recipient gets $9,362.10 Minutes - 24 hours
9 reviews Cheapest Personal account managerReceive to bank accountProfessional, personal service
Ways to receive money in Singapore with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.3121 SGD $9,362.10You payRM 30,000.00
Wise Pay via Bank transfer	Fee RM 188.99 1 MYR = 0.3129 SGD 0.00% vs mid-market	Recipient gets $9,328.19 Within minutes
25 reviews FastestOur top pick Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Singapore with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 188.991 MYR = 0.3129 SGD $9,328.19You payRM 30,000.00

Wise Pay via FPX	Fee RM 188.99 1 MYR = 0.3129 SGD 0.00% vs mid-market	Recipient gets $9,328.19 Within minutes
25 reviews Multi-currency cardReceive to bank accountDedicated support for large transfers
Ways to receive money in Singapore with Wise when paying by fpx. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer RM 188.991 MYR = 0.3129 SGD $9,328.19You payRM 30,000.00
Xe Pay via Bank transfer	Fee RM 0.00 1 MYR = 0.3109 SGD +0.65% vs mid-market	Recipient gets $9,327.00 Minutes - 24 hours
4 reviews Personal account managerReceive to bank accountDedicated support for larger transactions
Ways to receive money in Singapore with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 MYR = 0.3109 SGD $9,327.00You payRM 30,000.00
How Our Results Work Mid-market rate: 1 MYR = 0.3129 SGD Updates every 60 minutes.

Why compare

MYR/SGD exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Malaysia to Singapore

Pick a company

I suggest starting with Regency FX which is the cheapest option for sending RM30,000.

Regency FX was the cheapest on 30 of the 30 days it quoted RM30,000 transfers to Singapore.

Fund your transfer

There are a few ways to fund your transfer, including bank transfer and FPX.

DuitNow and FPX are most common, both free and instant from your banking app.

This is for funding your money transfer account, not direct transfers to Singapore.

Verify and send

First time round you'll need your IC, or a passport and permit if you're a foreign worker.

Run a new recipient's account through Semak Mule before you send to confirm their details.

MYR/SGD Exchange Rate History

Is today a good time to send money from Malaysia to Singapore?

The cheapest way to send MYR to SGD can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Regency FX), across 30 days of comparisons for 30,000 MYR transfers to Singapore.

Each line shows what the recipient gets when you send RM 30,000, after fees, as quoted by each company. The mid-market line shows what RM 30,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more SGD per MYR than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of SGD on every transfer from Malaysia.

Right now, Regency FX pays 9,362.10 SGD on 30,000 MYR, which is 25.35 SGD less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 9,471.64 SGD.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Singapore.

We've tracked 60 comparisons to check how often today's top companies were the cheapest across 2 amounts over the past month.

Regency FXAppeared in 56 comparisons
Cheapest every time
WiseAppeared in 60 comparisons
Cheapest in 5% of them
XeAppeared in 59 comparisons
Cheapest in 2% of them

Based on 60 comparisons across 2 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Regency FX is the cheapest and gets you the most SGD, and it was also the cheapest in 100% of the 56 comparisons it appeared in over the past month.

It's a good pick for both one-off and regular transfers to Singapore.

Wise (today's second cheapest) was the cheapest in only 5% of its comparisons, so it's rarely the cheapest option for transfers to Singapore.

Ways to send money from Malaysia to Singapore

There are 5 ways to send money from Malaysia to Singapore across 3 money transfer services.

Regular transfers from Malaysia

Online transfers

Online services and apps work well for smaller transfers sent home every month.

Wise charges MYR 188.99 and 0% markup to send MYR 30,000 and your recipient gets S$9,328.19 in within minutes.

In our comparisons over the past month, it was the cheapest online service on 27 of the 30 days it quoted.

SST may appear separately on the fee.

Large transfers from Malaysia

Currency brokers

Brokers are best for large MYR transfers to Singapore.

Regency FX is a good option. They charge no fees and add 0.27% markup on the MYR/SGD exchange rate.

Our analysis shows Regency FX was the cheapest broker in 100% of all the transfers it quoted.

You get an account manager to handle your transfer, and it’s useful for things like home purchases in Singapore, tuition fees, or moving savings from Malaysia to Singapore.

Holding multiple balances

Multi-currency accounts

A multi-currency account is useful if you receive income from Singapore, or travel there often.

Wise lets you hold MYR and SGD in one account, and convert between them when you need.

When converting MYR to SGD, 30,000 MYR will get you 9,328.19 SGD (after fees).

Over the past month, Wise came out cheapest among multi-currency accounts on 100% of days.

Ways to fund MYR and receive SGD in Singapore

With Regency FX, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending MYR 30,000 gives your recipient 9,362.10 SGD.

You can fund your transfer in MYR through bank transfer and FPX.

Paying through online banking (FPX)

Choose FPX at checkout and approve the payment through your Malaysian bank.

This is the simplest and quickest way to fund your account when sending money to Singapore.

The processing fee may include SST, so double check the final SGD amount first.

The recipient can receive SGD through bank deposit.

They can receive money directly to the bank or card

For a card and bank deposit, you will need the recipient's account name, account number and bank details in Singapore.

Double check the info, since it's very hard to stop or reverse once it leaves your account.

1

Bank transfer Bank deposit

You pay RM30,000.00

S$9,362

Cheapest
2

FPX Bank deposit

You pay RM30,000.00

S$9,328

-S$34

Things to check before sending MYR to Singapore

Here are a few things to know about money transfers from Malaysia to Singapore.

Best ways to send MYR to Singapore

For a RM 30,000 transfer, these are the best options:

Cheapest - Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 9,362.10 SGD, which is 0.36% more than the next best option.
Fastest - Wise, funded by bank transfer with bank deposit for the payout. Your recipient gets 9,328.19 SGD in within minutes.

Transfers and overseas investments are different

Malaysia's Foreign Exchange Policy does not impose the overseas-investment limit on an ordinary payment for family support, education, goods or services.

Different rules can apply when a resident converts ringgit to invest in foreign-currency assets, particularly if they have domestic ringgit borrowing.

Bank Negara Malaysia keeps the current FEP rules and notices here.

Documents needed

A bank or licensed money services business can ask what the payment is for and where the money came from.

Keep the quote, receipt and any supporting invoice or employment record to hand over if needed.

Check the recipient before you send

For a new bank account, check the recipient details through the Royal Malaysia Police Semak Mule service first.

Only use a bank or money transfer service regulated by Bank Negara Malaysia.

Check the company in BNM's list of licensed MSB operators before paying an unfamiliar agent.

If you realise you have sent money to a scammer, contact your bank and call the National Scam Response Centre on 997.

How we analyse the market

Every company here holds a Bank Negara money services licence, and the register is public if you want to check one yourself.

We track 3 of them on MYR to Singapore, comparing rates, fees and the ways to pay in and collect, refreshed in real time on live comparisons.

In the past 30 days alone, we analysed 60 comparisons across 2 amounts.

This page covers the cheapest and fastest options for MYR/SGD transfers. This is how we pick them:

Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Each also goes through our review.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.

Send money from Malaysia

Send money to Singapore

Sun, 23 Aug 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3144	–	$9,430.50
Regency FX Cheapest	0.3135	RM 0.00	$9,405.04	−$25.46
Wise	0.3144	RM 188.99	$9,372.22	−$58.28
Xe	0.3081	RM 0.00	$9,243.00	−$187.50

Mon, 24 Aug 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3142	–	$9,424.80
Regency FX Cheapest	0.3133	RM 0.00	$9,399.35	−$25.45
Wise	0.3142	RM 188.99	$9,367.96	−$56.84
Xe	0.3120	RM 0.00	$9,360.00	−$64.80

Tue, 25 Aug 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3143	–	$9,429.81
Regency FX Cheapest	0.3135	RM 0.00	$9,404.35	−$25.46
Xe	0.3122	RM 0.00	$9,366.00	−$63.81
Wise	0.3141	RM 188.99	$9,363.55	−$66.26

Wed, 26 Aug 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3155	–	$9,463.92
Regency FX Cheapest	0.3146	RM 0.00	$9,438.37	−$25.55
Wise	0.3154	RM 188.99	$9,403.50	−$60.42
Xe	0.3134	RM 0.00	$9,402.00	−$61.92

Thu, 27 Aug 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3155	–	$9,466.11
Regency FX Cheapest	0.3147	RM 0.00	$9,440.55	−$25.56
Wise	0.3155	RM 188.99	$9,406.66	−$59.45
Xe	0.3133	RM 0.00	$9,399.00	−$67.11

Fri, 28 Aug 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3154	–	$9,461.37
Regency FX Cheapest	0.3145	RM 0.00	$9,435.82	−$25.55
Wise	0.3154	RM 188.99	$9,402.03	−$59.34
Xe	0.3133	RM 0.00	$9,399.00	−$62.37

Sat, 29 Aug 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3166	–	$9,497.28
Regency FX Cheapest	0.3157	RM 0.00	$9,471.64	−$25.64
Wise	0.3166	RM 188.99	$9,437.06	−$60.22
Xe	0.3104	RM 0.00	$9,312.00	−$185.28

Sun, 30 Aug 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3163	–	$9,489.81
Regency FX Cheapest	0.3155	RM 0.00	$9,464.19	−$25.62
Wise	0.3166	RM 188.99	$9,437.06	−$52.75
Xe	0.3092	RM 0.00	$9,276.00	−$213.81

Mon, 31 Aug 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3161	–	$9,482.91
Regency FX Cheapest	0.3152	RM 0.00	$9,457.31	−$25.60
Wise	0.3155	RM 188.99	$9,404.69	−$78.22
Xe	0.3123	RM 0.00	$9,369.00	−$113.91

Tue, 1 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3151	–	$9,453.66
Regency FX Cheapest	0.3143	RM 0.00	$9,428.14	−$25.52
Wise	0.3151	RM 188.99	$9,394.08	−$59.58
Xe	0.3131	RM 0.00	$9,393.00	−$60.66

Wed, 2 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3148	–	$9,444.27
Regency FX Cheapest	0.3140	RM 0.00	$9,418.77	−$25.50
Wise	0.3148	RM 188.99	$9,384.71	−$59.56
Xe	0.3125	RM 0.00	$9,375.00	−$69.27

Thu, 3 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3139	–	$9,416.94
Regency FX Cheapest	0.3131	RM 0.00	$9,391.51	−$25.43
Wise	0.3139	RM 188.99	$9,358.27	−$58.67
Xe	0.3118	RM 0.00	$9,354.00	−$62.94

Fri, 4 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3130	–	$9,391.32
Regency FX Cheapest	0.3122	RM 0.00	$9,365.96	−$25.36
Wise	0.3130	RM 188.99	$9,331.98	−$59.34
Xe	0.3109	RM 0.00	$9,327.00	−$64.32

Sat, 5 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3137	–	$9,411.78
Regency FX Cheapest	0.3129	RM 0.00	$9,386.37	−$25.41
Wise	0.3133	RM 188.99	$9,338.84	−$72.94
Xe	0.3072	RM 0.00	$9,216.00	−$195.78

Mon, 7 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3130	–	$9,389.49
Regency FX Cheapest	0.3121	RM 0.00	$9,364.14	−$25.35
Wise	0.3130	RM 188.99	$9,330.22	−$59.27
Xe	0.3106	RM 0.00	$9,318.00	−$71.49

Tue, 8 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3119	–	$9,356.34
Regency FX Cheapest	0.3110	RM 0.00	$9,331.08	−$25.26
Wise	0.3118	RM 188.99	$9,296.38	−$59.96
Xe	0.3097	RM 0.00	$9,291.00	−$65.34

Wed, 9 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3107	–	$9,321.90
Regency FX Cheapest	0.3099	RM 0.00	$9,296.73	−$25.17
Wise	0.3107	RM 188.99	$9,263.18	−$58.72
Xe	0.3082	RM 0.00	$9,246.00	−$75.90

Thu, 10 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3110	–	$9,328.50
Regency FX Cheapest	0.3101	RM 0.00	$9,303.31	−$25.19
Xe	0.3089	RM 0.00	$9,267.00	−$61.50
Wise	0.3108	RM 188.99	$9,266.60	−$61.90

Fri, 11 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3114	–	$9,342.78
Regency FX Cheapest	0.3106	RM 0.00	$9,317.55	−$25.23
Wise	0.3114	RM 188.99	$9,284.43	−$58.35
Xe	0.3089	RM 0.00	$9,267.00	−$75.78

Sat, 12 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3113	–	$9,339.12
Regency FX Cheapest	0.3105	RM 0.00	$9,313.90	−$25.22
Wise	0.3113	RM 188.99	$9,280.41	−$58.71
Xe	0.3053	RM 0.00	$9,159.00	−$180.12

Sun, 13 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3114	–	$9,340.62
Regency FX Cheapest	0.3105	RM 0.00	$9,315.40	−$25.22
Wise	0.3113	RM 188.99	$9,280.41	−$60.21
Xe	0.3056	RM 0.00	$9,168.00	−$172.62

Mon, 14 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3121	–	$9,363.06
Regency FX Cheapest	0.3113	RM 0.00	$9,337.78	−$25.28
Wise	0.3115	RM 188.99	$9,287.59	−$75.47
Xe	0.3092	RM 0.00	$9,276.00	−$87.06

Tue, 15 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3125	–	$9,374.40
Regency FX Cheapest	0.3116	RM 0.00	$9,349.09	−$25.31
Xe	0.3101	RM 0.00	$9,303.00	−$71.40
Wise	0.3118	RM 188.99	$9,294.21	−$80.19

Wed, 16 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3147	–	$9,442.41
Regency FX Cheapest	0.3139	RM 0.00	$9,416.92	−$25.49
Wise	0.3115	RM 188.99	$9,287.50	−$154.91
Xe	0.3054	RM 0.00	$9,162.00	−$280.41

Thu, 17 Sept 2026	Exchange rate	Fee	Recipient gets	Difference
Mid-market rate	0.3114	–	$9,342.09
Regency FX Cheapest	0.3106	RM 0.00	$9,316.87	−$25.22
Wise	0.3114	RM 188.99	$9,284.01	−$58.08
Xe	0.3086	RM 0.00	$9,258.00	−$84.09

How to send money to Singapore from Malaysia with the best MYR-SGD rate

Best companies for MYR/SGD transfers