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

Compare the best deals on sending money from Singapore to Malaysia. Get insights on the cheapest, fastest, and most reliable providers with the best SGD to MYR exchange rates.

Read on for the insights, analysis, and all you need to know about money transfers to Malaysia from Singapore.

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August 7th, 2025
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Best money transfer companies

Send money from Singapore to Malaysia

Last updated: Today
Mid-market rate as of 08/07/2025: 1 SGD = 3.28452 MYR
Results below are based on a 10000 SGD search
0 of 7 providers
Sponsored
Wise
Recipient gets (MYR)
RM 32,740.79
Full transfer details
Visit Wise
RM 881 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Sponsored
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
Xe
Recipient gets (MYR)
RM 32,182.60
Full transfer details
Visit Xe
RM 323 better than a typical bank*

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions
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Exclusive: First Transfer Deal
1
Regency FX
Recipient gets (MYR)
RM 32,756.52
Full transfer details
Visit Regency FX
RM 897 better than a typical bank*

"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."

Personal account manager
Multi-currency card
Receive to bank account
Professional, personal service
2
Wise
Recipient gets (MYR)
RM 32,740.79
Full transfer details
Visit Wise
RM 881 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
3
OFX
Recipient gets (MYR)
RM 32,680.97
Full transfer details
Visit OFX
RM 821 better than a typical bank*

"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."

Personal account manager
Multi-currency card
Receive to bank account
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
4
Xe
Recipient gets (MYR)
RM 32,182.60
Full transfer details
Visit Xe
RM 323 better than a typical bank*

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions
5
Remitly
Recipient gets (MYR)
RM 32,157.00
Full transfer details
Visit Remitly
RM 297 better than a typical bank*

"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."

Personal account manager
Multi-currency card
Receive to bank account or cash pickup
Mid-market rate updates every 60 minutes
Estimated Rates
We don't have access to live rates from these companies. Instead, we've researched their average exchange rates and fees.
Sponsored
Wise
Recipient gets (MYR)
RM 32,740.79
Full transfer details
Visit Wise
RM 881 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Sponsored
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
Xe
Recipient gets (MYR)
RM 32,182.60
Full transfer details
Visit Xe
RM 323 better than a typical bank*

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions

Best recommended: Wise

Wise is our top pick for sending Singapore Dollar to Malaysia.

Of the 7 money transfer providers tested and reviewed, Wise scored highly for its competitive rates and fees.

For example, sending 10,000 SGD to MYR will cost you $31.79 in fees, and you will receive 32,740.79 MYR.

Make your Singapore to Malaysia transfer using Wise for the best mix of cost and speed.

Wise is the top rated company for sending money from Singapore (SGD) to Malaysia (MYR) - Wise Screenshot

How to send money from Singapore to Malaysia

Summary of recent searches

Top rated for transfers from Singapore to Malaysia
Wise
Total number of SG - MY providers
7
Average cheapest fees & rate
Regency FX
Average fastest transfer
Wise
Average transfer time
Within minutes
Best for bank transfers
Regency FX
Best for debit card
Wise
Best for credit card
Remitly

Considerations for money transfers from Singapore to Malaysia

1
Compare providers

Comparing providers offering services between Singapore and Malaysia, based on your specific needs is the best way to send money with confidence.

Our comparison includes 7 companies that provide the ability to send Singapore Dollar to Malaysia.

This ensures you get the best options for transfers to Malaysia from Singapore, based on the amount you want to send.

2
Watch the Singapore Dollar-Malaysian Ringgit exchange rate
3
Choose the right payment method
4
Use providers regulated in Malaysia and Singapore
5
Consider transfer limits
6
Receiving money in Malaysia
7
Have your ID ready
8
Tax declarations

Cheapest way to transfer money to Malaysia from Singapore: Regency FX

Regency FX offers a combination of the lowest fees and best exchange rates - making it the cheapest transfer service for sending Singapore Dollar to Malaysia.

Of the 7 providers compared, data shows that Regency FX is 0.05% cheaper than the second-best option.

The is cost is made up of an average SGD-MYR exchange rate that is 0.27% different to the mid-market rate and an average fee of 0* SGD.

If you want to secure the best rates on a SGD to Malaysia transfer, Regency FX will result in the most Malaysian Ringgit received.

Fastest money transfers from Singapore to Malaysia: Wise.

Of the 7 money transfer companies tested, Wise offered the quickest way to send Singapore Dollars to Malaysia.

Based on our recent data, transfer time for a $10,000 transfer to Malaysia with Wise is within minutes. This can vary by amount and method, but it is a good point of reference.

Sending money from Singapore to Malaysia through Wise will cost you 31.79 SGD in fees & small markup.

Wise was one of 7 money transfer providers we compared for overall speed of sending money from Singapore to Malaysia. This speed test included depositing Singapore Dollars to an account and the average timeframe for sending money to Malaysia.

When fast transfers are a priority, Wise is our best choice for sending from Singapore to Malaysia.

Wise is the fastest way to send money from Singapore (SGD) to Malaysia (MYR) - Wise Screenshot

Send large sums of money

Transferring bigger amounts of money to Malaysia from Singapore needs a strong exchange rate and effective management of the transfer.

From the
7 options we compared, Wise offers the strongest all round option for large transfers to Malaysia from Singapore.

Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Malaysian Ringgits to Malaysian Ringgit.

As such, we recommend Wise for large transfers between Malaysia and Singapore.

Understanding the cost of sending money from Singapore to Malaysia

Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Singapore to Malaysia.

The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Malaysian Ringgit for your Singapore Dollar. The current SGD-MYR mid-market rate is 3.2865 MYR per Singapore Dollar.

  • This rate changes regularly so it can pay to track it. For comparison, the SGD-MYR mid-market rate for the past 7 days has averaged 3.2959 MYR per Singapore Dollar, with a low of 3.2845 and a high of 3.3149.

  • Wise is currently offering the best exchange rate from the 7 companies compared.

  • Often the SGD-MYR exchange rate you pay is the biggest cost factor when transferring Singapore Dollars to Malaysia.

Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Singapore Dollar you’re sending to Malaysia. Regency FX currently has the lowest fees for transfers into MYR of just 0 SGD. We always recommend searching for your exact send amount for an exact fee.

Amount Received: The amount received in Malaysian Ringgit is the biggest indicator of the total cost of sending money to Malaysia from Singapore. The bigger the amount received in Malaysia, the lower the overall cost of sending from Singapore.

Track the exchange rate for Singapore Dollar to Malaysian Ringgit

Sending money at the right time between SGD and MYR can make a huge difference to overall cost. The exchange rate impacts how much MYR you get for your SGD.

Mid-market Rate
1 
SGD
=
3.286535 
MYR

Over the last 7 days, the average numbers are:

  • The exchange rate from SGD to MYR averaged 3.2959 MYR.

  • The highest value recorded was 3.3149 MYR, while the lowest was 3.2845 MYR.

  • 7 providers currently offer transfers between Singapore and Malaysia close to this 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 options for transfers from Singapore to
Malaysia

  • Bank transfers

    Bank transfers are often the fastest and cheapest way to send money from Singapore to Malaysia.

    Using a money transfer company such as Regency FX for payments from Singapore to Malaysia, means you can send via a bank transfer and benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


    Regency FX is the best money transfer provider for bank transfers of the 7 we compared when sending SGD to Malaysia.

    With a fee of 0 SGD to transfer money from Singapore to Malaysia, Regency FX offers a great combination of competitive exchange rates and lower fees.


  • Prepaid and debit cards

    Sending money with a debit card from Singapore to Malaysia is easy with Wise.


    Wise is a leader in debit card money transfers from Singapore to Malaysia. They are the best option of the 7 transfer companies compared.

  • Credit cards

    When it comes to credit card transfers from Singapore to Malaysia, we recommend comparing your options to get the best deal.

    Fee alert: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.

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, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.

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 and review methodology.

Money transfer company reviews

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Can I schedule regular transfers between Singapore and Malaysia?

Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is the founder and CEO of MoneyTransfers.com, with over 10 years’ experience building consumer products across finance, insurance, and travel. A frequent traveler himself, Luke has hands-on experience testing payment and transfer services globally, giving him a unique perspective on the real-world challenges users face. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.
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