SGD Currency Converter: Live Mid-Market Rates
Popular pairs
1,000.00 SGD is
- 1 SGD
- 1 MYR
Loading today's reference rate…
This is the mid-market rate: halfway between what banks buy and sell at. Money changers, banks and card networks add a spread or fee, so the rate you are offered will be lower. Use the money changer check to see how much that spread costs you.
How this works
Rates are the Monetary Authority of Singapore's daily exchange rates against the Singapore dollar, which MAS describes as the average of buying and selling interbank rates quoted around midday in Singapore. That is the mid-market rate. They are loaded in your browser from the Frankfurter open exchange rate API, and the date of the rate is shown under the result. If MAS rates cannot be loaded, the tool uses Frankfurter's blend of central bank reference rates and says so.
Pairs that do not involve SGD (for example USD to MYR) are cross rates: both currencies are converted through their SGD rate. MAS publishes rates on Singapore business days, so on weekends and public holidays the latest rate is from the previous business day.
Money changers, banks and card networks sell foreign currency for less than the mid-market rate; the difference is their spread. The money changer check takes the rate you are offered, in whichever way it is displayed (ringgit per S$1, S$ per US$1, or S$ per 100 yen), and shows how far below mid-market it is as a percentage and in dollars on your amount.
FAQs
Is this the rate I will get at a money changer?
No. It is the mid-market rate, the midpoint between interbank buying and selling rates. A money changer or bank will offer less; enter their rate in the money changer check to see the gap as a percentage and in S$.
How do I compare money changer rates for ringgit?
Enter the amount in SGD, choose SGD to MYR and type the ringgit per S$1 on the board. If the mid-market rate is 3.19 and the board says 3.15, you get about 1.25% less, roughly S$12.50 on S$1,000.
Why do some money changers quote yen per 100?
Currencies with small units, such as the Japanese yen, Korean won, Indonesian rupiah and Vietnamese dong, are often shown as S$ per 100 units. Pick the matching format in the money changer check and the tool converts it.
Where do the exchange rates come from?
From the Monetary Authority of Singapore's published daily exchange rates, via the Frankfurter API. The date of the rate is shown under every result, and the page never shows a number until the live rate has loaded.