Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 92.2% of Singapore to Malaysia searches, and was the top rated company out of 6 that support SGD to MYR.
So for a great mix of cost, speed & features, make your Singapore to Malaysia transfer using Wise.
How to get the best deal on your Singapore to Malaysia transfer
Important things to consider before sending money from Singapore to Malaysia
Don't settle for the first option. Always compare ways to send money from Singapore to Malaysia to find out about fees, speed, and reliability.
Our analysis included 6 providers that operate between Singapore and Malaysia.
Through this, you get a comprehensive view of all the options you have in Singapore when you need to send money to Malaysia.
Cheapest way to send money to Malaysia from Singapore: Instarem
Data collected over the past six months show that Instarem is 0.4% cheaper than the second-best option.
The $88.65 transfer cost represents the most common fee for SGD to MYR international transfers, based on data from the past six months.
If you want to secure the best rates on a SGD to Malaysia transfer, make sure you pick Instarem to send your money online.
*The most common fee applied to SGD-MYR by Instarem, based on data from the past six months.
Fastest way to send money from Singapore to Malaysia: Wise
Our data shows that Wise came up as the fastest way to send money from Singapore to Malaysia in 80.8% of searches. This makes them well suited to urgent SGD to MYR money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Singapore to Malaysia - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to Malaysia from Singapore in 80.8% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send SGD from Singapore to Malaysia, it’s the provider that will keep you safe and relaxed while your money moves into MYR.
Understanding the costs involved when moving money from Singapore to Malaysia
When calculating the costs of money transfers between Singapore and Malaysia, here's what really matters:
The Mid-Market Rate: Today, the SGD-MYR mid-market rate equals to 3.513142 MYR per Singapore Dollar. Keep in mind that this rate fluctuates all the time.
The SGD-MYR average exchange rate of the past three months has been 3.5037 MYR per Singapore Dollar, with a high of 3.5671 and a low of 3.4517.
Fees and Markups: That's where Wise shines, combining the best of both worlds: excellent SGD to MYR rates that are only -0.06% away from the average.
How to find the best exchange rate for Singapore Dollar to Malaysian Ringgit
Timing is essential sending money between SGD and MYR. The exchange rate you secure impacts how much MYR you get for your SGD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from SGD to MYR has seen some fluctuation. On average, it stood at 3.5037.
During this period, the highest value recorded was 3.5671, while the lowest was 3.4517.
Wise, which is our recommended service to send money online from Singapore to Malaysia offers an exchange rate that is only -0.06% above the mid-market rate.
Want to secure the best SGD-Malaysian Ringgit exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Singapore to Malaysia!
Payment methods available to fund your Singapore to Malaysia transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Malaysia and Singapore.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Singapore to Malaysia .
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send SGD to MYR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.