Compare the best ways to send money from Malaysia to Singapore
Get the best deals when you transfer from Malaysia to Singapore. Find the cheapest, fastest, and most reliable providers with the best MYR to SGD exchange rates.
Read on for the best deals, expert information, and all you need to send money to Singapore from Malaysia.
"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."
"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."
"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."
"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."
"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."
"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."
"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."
"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."
Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 100% of Malaysia to Singapore searches, and was the top rated company out of 2 that support MYR to SGD.
So for a great mix of cost, speed & features, make your Malaysia to Singapore transfer using Wise.
How to get the best deal on your Malaysia to Singapore transfer
Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Malaysia to Singapore.
Choose a provider
Select the provider that offers you the best value & service for your needs
Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Important things to consider before sending money from Malaysia to Singapore
Don't settle for the first option. Always compare ways to send money from Malaysia to Singapore to find out about fees, speed, and reliability.
Our analysis included 2 providers that operate between Malaysia and Singapore.
Through this, you get a comprehensive view of all the options you have in Malaysia when you need to send money to Singapore.
Cheapest way to send money to Singapore from Malaysia: Wise
Data collected over the past 7 days shows that Wise is 0.08% cheaper than the second-best option.
The RM188.99 transfer cost represents the most common fee for MYR to SGD international transfers, based on data from the past week.
If you want to secure the best rates on a MYR to Singapore transfer, make sure you pick Wise to send your money online.
*The most common fee applied to MYR-SGD by Wise, based on data from the past 7 days.
Fastest way to send money from Malaysia to Singapore: Wise
Our data shows that Wise came up as the fastest way to send money from Malaysia to Singapore in 100% of searches. This makes them well suited to urgent MYR to SGD money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Malaysia to Singapore - 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 Singapore from Malaysia in 100% 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 MYR from Malaysia to Singapore, it’s the provider that will keep you safe and relaxed while your money moves into SGD.
Understanding the costs involved when moving money from Malaysia to Singapore
When calculating the costs of money transfers between Malaysia and Singapore, here's what really matters:
The Mid-Market Rate: Today, the MYR-SGD mid-market rate equals to 0.315 SGD per Malaysian Ringgit.
The MYR-SGD average exchange rate for the past three months has been 0.3151 SGD per Malaysian Ringgit, with a high of 0.3154 and a low of 0.3145.
When looking to send money, we'd recommend Wise. On average Wise is 0.01% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from MYR to SGD.
How to find the best exchange rate for Malaysian Ringgit to Singapore Dollar
Timing is essential for sending money between MYR and SGD. The exchange rate you secure impacts how much SGD you get for your MYR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from MYR to SGD has seen some fluctuation. On average, it stood at 0.3151.
During this period, the highest value recorded was 0.3154, while the lowest was 0.3145.
Wise, which is our recommended service to send money online from Malaysia to Singapore offers an exchange rate that is only 0.01% above the mid-market rate.
Want to secure the best MYR-Singapore Dollar exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Malaysia to Singapore!
Payment methods available to fund your Malaysia to Singapore transfer
Bank transfers
Bank transfers are often the default option for sending money from Malaysia to Singapore.
By using a money transfer company such as Wise for transfers from Malaysia to Singapore, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Wise is the cheapest provider for bank transfers from the 2 we tested when sending MYR to Singapore.
With an average fee of MYR188.99 to send money from Malaysia to Singapore, Wise offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Malaysia to Singapore with a debit or a prepaid card is very simple with .
is a leader in debit card payments for transfers from Malaysia to Singapore, competing among a total of 2 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from Malaysia to Singapore, emerges as our top choice of the 2 companies offering this service.
Fee alert: using a credit card to transfer money 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 Singapore and Malaysia.
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 Malaysia to Singapore.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MYR to SGD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
Related transfer routes
Send money from Malaysia
How much money can be transferred from Malaysia to Singapore?
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Can I send money from Malaysia to Singapore with MoneyTransfers.com?
What are the typical transfer fees for sending Malaysian Ringgits to Singapore through various providers?
How long does it take to send money from Malaysia to Singapore?
What is the best exchange rate I can get for sending money from Malaysia to Singapore?
Are there any minimum or maximum transfer amounts for sending money from Malaysia to Singapore?
Can I schedule regular transfers between Malaysia and Singapore?
Tools & resources
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