100 Singapore Dollars to Malaysian Ringgit – SGD to MYR Today

You have Singapore dollars and need to know how much they’re worth in Malaysian ringgit — a common question for anyone crossing the Causeway for business, family visits, or a shopping trip to Johor Bahru. The answer changes constantly, and the rate you see on Google isn’t always what you’ll actually get from a money changer or online service, so this guide cuts through the confusion by showing exactly what 100 SGD converts to today and which provider gives you the fairest deal.

100 SGD to MYR (mid-market rate): 312.07 MYR ·
1 SGD to MYR (mid-market rate): 3.1207 MYR ·
Provider spread (typical): 0.5% – 2% ·
Daily rate change (average): ±0.5%

The table below summarises the key conversion figures.

How much is SGD $100 in Malaysian ringgit?

Current mid-market rate for 100 SGD

At mid-market rates, SGD $100 equals roughly 312 – 314 MYR today. The exact figure depends on the source. According to Wise (online money transfer service), the live rate sits around 3.137 MYR per 1 SGD, putting 100 SGD at approximately 313.70 MYR. Meanwhile, Xe (currency data provider) shows 326.421 MYR, and Google Finance (market data feed) quotes 3.1266.

Comparison of provider rates (Wise, Xe, Revolut)

Different providers quote different amounts for the same 100 SGD. Here’s the range:

• Revolut (digital banking platform): 329.97 MYR — the highest displayed payout.
• OFX (international money transfer provider): 3.093705 MYR per 1 SGD.
• Instarem (cross-border payment service): 308.9428 MYR — the lowest displayed payout.

Total cost after fees

Fees eat into your conversion. Wise charges 0.41% on SGD to MYR transfers, meaning you pay roughly 1.28 SGD in fees on a 100 SGD transfer. Xe’s markup is about 0.5%. Local banks in both Singapore and Malaysia can charge anywhere from 1% to 2% on spot exchanges, plus international transfer fees that can run 10 – 30 SGD flat.

The implication: for 100 SGD, a 1% spread costs you about 3.12 MYR. Over the course of regular transfers — say, sending money monthly for family support — the difference adds up to hundreds of ringgit a year.

How much is $1 SGD in ringgit today?

Live 1 SGD to MYR rate

One Singapore dollar buys roughly 3.12 to 3.13 Malaysian ringgit at mid-market today. Xe (currency data provider) shows 3.26421 per 1 SGD at its quoted rate. Wise (online money transfer service) gives a slightly lower figure of 3.137. Google Finance (market data feed) pegs it at 3.1266.

How the rate is calculated

The mid-market rate is derived from interbank trading — banks and financial institutions exchanging currencies at wholesale prices. This is the purest rate available, but it’s not what you’ll get as a retail customer. Providers like Instarem (cross-border payment service) state that their listed rates are informational and reflect mid-market rates that fluctuate regularly. Every provider adds a markup or margin to that base rate, which becomes the rate you see on the screen.

Why rates differ between providers

Rates vary because each provider competes on different factors. Wise (online money transfer service) explicitly says it uses real-time mid-market exchange rates with a transparent, upfront fee. Others, like Revolut (digital banking platform), advertise great rates without hidden fees — but may apply a weekend markup or fair-use limits. OFX (international money transfer provider) publishes live rates but focuses on larger transfers with personal support.

The pattern: no two providers display the same rate for 1 SGD to MYR, and the difference often comes down to their business model — transparent mark-up versus hidden spread.

What is the exchange rate from Singapore dollar to Malaysian ringgit?

Understanding mid-market vs retail rates

The mid-market rate is the wholesale rate used between banks — it’s the benchmark. Retail rates — what you pay at a money changer or through an app — include a markup of 0.5% to 2%. That markup covers the provider’s costs, risk, and profit. Xe (currency data provider) describes its rate as the current mid-market exchange rate, which serves as a reference. Wise (online money transfer service) publishes an interactive chart that shows historical data up to the last 5 years, helping you see whether the rate today is favourable compared to recent averages.

Factors influencing SGD/MYR exchange rate

The SGD/MYR pair is influenced by several structural factors. Oil prices directly affect the Malaysian ringgit because Malaysia is a net oil exporter — when oil prices drop, the MYR tends to weaken. Singapore’s Monetary Authority of Singapore (MAS) manages the SGD against a basket of currencies, which keeps it relatively stable. Trade balances between the two countries, cross-border capital flows, and central bank policies from Bank Negara Malaysia (Central Bank of Malaysia) all play a role.

Historical rate trends (last 30 days)

Looking at recent data from Wise (online money transfer service) and Xe (currency data provider), the SGD/MYR rate has fluctuated within a range of roughly 3.10 to 3.15 over the past month. The rate dropped from 3.45 in October 2024 to around 3.20 in November, then stabilised near 3.12 by December. That’s a decline of nearly 10% in two months — a significant shift for anyone planning a holiday or property purchase in Malaysia.

The trade-off: the best time to convert may be during Asian trading hours (9 am to 5 pm Singapore time) when liquidity is highest and spreads are tightest. Weekend conversions often carry an additional markup from digital providers.

Convert 100 SGD to MYR: step-by-step guide

1. Check the real mid-market rate – Start by looking up the live mid-market rate on Xe (currency data provider) or Wise (online money transfer service). Write down the rate — this is your benchmark.
2. Compare provider quotes – Visit at least three providers — try Wise, Revolut, and OFX — and note what they offer for 100 SGD. Use their live converters.
3. Factor in all fees – Look for transfer fees, service charges, and any spread embedded in the rate. Wise and Instarem disclose their fees upfront; local banks often do not.
4. Choose your provider – Pick the option that gives you the most MYR after all costs. For a 100 SGD transfer, Wise typically wins. For larger amounts (1,000 SGD or more), OFX or a local bank’s telegraphic transfer can be competitive.
5. Execute the transfer – Complete the transaction through your chosen provider. Most digital services process within 1–2 business days. Bank transfers may take 3–5 days.

The implication: following these steps ensures you get the most ringgit for your dollars.

Pros and cons of conversion methods

The pattern: digital providers offer speed and transparency, but cash pick-up and weekend limits can erode value.

Timeline: SGD to MYR rate changes (Oct – Dec 2024)

The implication: the recent drop in SGD/MYR rate benefits Singaporeans sending money to Malaysia.

Quotes from the market

“Wise uses the real mid-market exchange rate with no hidden markup.”

— Wise website

“Bank Negara Malaysia publishes the daily reference rate for SGD/MYR, which serves as the official benchmark.”

— Bank Negara Malaysia

For anyone in Singapore regularly sending or spending money in Malaysia, the choice is clear: use a transparent, fee-disclosed provider like Wise for amounts up to 1,000 SGD, and negotiate directly with a local bank for larger sums — or accept the 1–2% spread from a money changer if you need cash in hand today.

Frequently asked questions