Send money to Malaysia from Singapore at best rates

Highest remittance rate for converting 1 SGD to MYR = 3.04

Best way to send money to Malaysia from Singapore

Sending money to your families or friends in your home country should not be expensive and time-consuming. It should be comfortable and easy so that you can transfer money whenever required as per your suitability. So, if you want to send money to Malaysia from Singapore, check out the money transfer options provided below which offer the best exchange rates and lower transfer fees. This is because we want you to get the most value of your money along with the cheapest way to send money to Malaysia from Singapore. You can select any of the best ways to send money to Malaysia from bank account transfer, cash pickup service, mobile wallet transfer and airtime top-up, etc.

So, before sending money abroad, look after the best money transfer companies, compare them, apply the promo codes and discounts, so that you can get the best value of your money.

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3.06

Mid Market Rate

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3.06

Mid Market Rate

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Pay-In
Pay-Out
You Pay (Includes Fee $ 1.25) $ 500
Receiving Amount
RM 1524.2299
Realized Exchange Rate
3.04
instarem SGD to MYR Exchange Rate
3.0561
Best Value

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Transfer Time : 1-2 Days
Instarem is a one of the safest & leading money transfer service provider for sending money from Singapore to Malaysia for sending amount 500. Today’s Instarem exchange rate for sending money from SGD to MYR is 3.0561 with a $ 1.25 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 3.04. The pay in options available are Bank, also you can receive money using Bank, at multiple Instarem partner locations. The transfer time usually range between 1-2 Days. For more detailed review of Instarem click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 6.8) $ 500
Receiving Amount
RM 1508.2056
Realized Exchange Rate
2.98
transferwise SGD to MYR Exchange Rate
3.058
1.97% vs Best Value

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Transfer Time : 3-5 Days
Transferwise is a one of the safest & leading money transfer service provider for sending money from Singapore to Malaysia for sending amount 500. Today’s Transferwise exchange rate for sending money from SGD to MYR is 3.058 with a $ 6.8 fee. Based on the Exchange Rate IQ calculations it offers 1.97% less than the best value for your money transfer. The realized exchange rate after considering the fees is 2.98. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Transferwise partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Transferwise click here
Pay-In
Pay-Out
You Pay (Includes Fee $ 0) $ 500
Receiving Amount
RM 1469.65
Realized Exchange Rate
2.94
ofx SGD to MYR Exchange Rate
2.9393
3.29% vs Best Value

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Transfer Time :
Ofx is a one of the safest & leading money transfer service provider for sending money from Singapore to Malaysia for sending amount 500. Today’s Ofx exchange rate for sending money from SGD to MYR is 2.9393 with a $ 0 fee. Based on the Exchange Rate IQ calculations it offers 3.29% less than the best value for your money transfer. The realized exchange rate after considering the fees is 2.94. The pay in options available are Bank, also you can receive money using Bank, at multiple Ofx partner locations. The transfer time usually range between . For more detailed review of Ofx click here

More Available Options

You can check rates of some more providers that may support your country
WorldRemit is an online money transfer service that provides international remittance services to expatriates and migrant workers
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.
With Xendpay you get the best deal and make a big difference with every transfer
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying

SGD to MYR - Best Money Transfer Service Review Summary

  • Which is the best option available to send money from Singapore to Malaysia after comparison?
  • With our real-time comparison on sending money from Singapore to Malaysia ,
      we have found Instarem remittance services who are providing competitive exchange rates.
  • Top 3 companies are - ( Instarem, 3.04 ) ( Transferwise, 2.98 ) ( Ofx, 2.94 ) .
  • To remit money in the bank account of Malaysia, best companies is ( Instarem, 3.04 ).
  • Current money transfer offeres/promotions are available with Instarem, Ofx money transfer services.
  • For quick money transfer from Singapore to Malaysia with agent service is Ofx with exchange rate 2.94.
  • Available pay in when sending money from Singapore to Malaysia Bank, Creditcard, Debitcard.
  • Available pay out when sending money from Singapore to Malaysia Bank.
  • Other options to transfer money from Singapore to Malaysia are Worldremit, Westernunion, Xendpay, Moneygram .
  • The comparison result was last updated on Nov 23, 2019.
  • For the latest comparison result of Singapore to Malaysia, Please visit ExchangeRate IQ regularly.

FAQ's

How to transfer money from Singapore to Malaysia bank account?

You can send money using any of the above-listed money transfer company to transfer money from Singapore to Malaysia bank account. You need to submit the details of you and your recipient’s bank account with the company, enter amount and complete transaction. The amount will be processed for transfer and will reach the recipient within 3-5 working days. This is also one of the best ways to send money to Malaysia because it has low transfer fee and a high exchange rate. So if there is no emergency from the part of the recipient, you can transfer money from Singapore to Malaysia through a bank account to a bank account transfer.

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How long does money transfer from Singapore to Malaysia will take?

The money transferring time from Singapore to Malaysia depends upon the way of sending money and the mode of transfer. If you send money from your bank account to the recipient’s bank account, it will take 3-5 business days, if you transfer from your bank account and select cash pickup service for the recipient, it will be reached to the recipient country within an hour and your recipient can receive it at agent’s place.

Besides, you can also make mobile wallet transfer and airtime top-up which will be delivered instantly. You can also make a transfer from your debit and credit card; however, these are highly chargeable as companies charge more fees on card payments.

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Historical Mid Market Exchange Rate From Singapore Dollar (SGD) to Malaysia Ringgit (MYR) (Weekly)

Current Exchange Rate(Mid Market) :- 3.06 MYR/SGD

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion SGD To MYR

Send Singapore Dollar To MALAYSIA Receive Malaysia Ringgit
1 SGD TO MYR 3.06
50 SGD TO MYR 153
100 SGD TO MYR 306
250 SGD TO MYR 765
500 SGD TO MYR 1530
1000 SGD TO MYR 3060
5000 SGD TO MYR 15300
10000 SGD TO MYR 30600
Send Malaysia Ringgit Receive Singapore Dollar From MALAYSIA
1 MYR FROM SGD 0.33
50 MYR FROM SGD 16.34
100 MYR FROM SGD 32.68
250 MYR FROM SGD 81.7
500 MYR FROM SGD 163.4
1000 MYR FROM SGD 326.8
5000 MYR FROM SGD 1633.99
10000 MYR FROM SGD 3267.97

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