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Send money from Malaysia to Singapore
While you can’t send MYR to SGD with Wise, you can transfer USD to USD.
"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."
How to send money from Malaysia to Singapore
Sending money from Malaysia to Singapore doesn’t have a huge amount of options. Because of this, we would recommend sending money via:
How to get the best deal on your Malaysia to Singapore transfer
Sending money from Malaysia to Singapore: key insights and tips
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.
Your analysis should include all the 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 from Malaysia to Singapore
Without any money transfer providers serving the Malaysia to Singapore route, the cheapest money transfer options are limited.
We would recommend using:
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 0.3013. Keep in mind that this rate fluctuates all the time.
The MYR-SGD average exchange rate of the past three months has been 0, with a highest of 0 and a lowest of 0.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your MYR to SGD transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
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.
During this period, the highest value recorded was 0, while the lowest was 0.
, which is our recommended service to send money online from Malaysia to Singapore offers an exchange rate that is only % above the mid-market rate.
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What payment methods are available when sending money from Malaysia to Singapore?
Sending bank transfers from Malaysia to Singapore
Bank transfers are the most common way of sending MYR to Singapore as they are secure, reliable, and convenient.
If you want to send Malaysian Ringgits to Singapore via bank transfer, has been the top rated provider in our comparison system for the last three months, recommended % of the time.
That’s because companies like bypass the SWIFT network and rely on their own digital network of banks, making transfers faster and cheaper. As an example, 's transaction fees for Malaysian Ringgits into Singapore have averaged at 0 for the last three months. This is significantly lower than the fees charged by banks.
Sending money from Malaysia to Singapore by credit card
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send Malaysian Ringgits to Singapore with a credit card, is your best option. They've been the top rated provider in our comparison system for the last three months, recommended % of the time.
Note: Beware of chargesCredit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Sending money from Malaysia to Singapore by payment apps
If you’d like to send money from Malaysia to Singapore via payment app, follow these steps:
Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from Malaysia to Singapore.
Enter your details. Enter any of the details required. You may need a valid form of ID.
Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to Singapore in Singapore Dollar at this stage.
Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from Malaysia to Singapore after it’s been sent.
Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the MYR to SGD exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of MYR to SGD is 0.3013
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 document.
