Wondering when’s a good time to visit Malaysia? If you’re planning on making the most of every Malaysian Ringgit, you’ve come to the right page!
On 14 Oct 2022, the Singapore dollar blasted to a new high against the Malaysian Ringgit (S$1 to RM3.30 to be exact). And now with news that the Malaysian Ringgit is estimated to drop to a range of RM3.35 to RM3.45 against the Singapore Dollar on 1 November 2022, it’s no doubt the best time to head next door and get your retail therapy fix! Whether you’re looking to road trip across the causeway for midnight supper runs, or seize the moment to make the most of every dollar, this guide’s for you.
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SGD vs Malaysian Ringgit: How’s It Going?
Fig A:

Image credits: Trading Economics
Fig B:

Image credits: Monetary Authority of Singapore
First of all, let’s break down both Fig A and Fig B. Fig A describes the general journey of the Malaysian Ringgit across the last year, up to Nov 2022 — showing that as of 4 November 2022, 1 MYR is exchangeable for 0.29793 SGD. Similarly, in Fig B, you’re looking at the monthly average of 1 SGD to 100 MYR — 29.86. While November’s average rates have yet to be released, you can clearly see that the average monthly rate is now the lowest its been against the SGD since July 2022. The current exchange rate is S$1 to RM3.36 as of 4 November 2022. But why is that?
What’s Up With The Malaysian Ringgit?

Image credits: Google
According to Bloomberg, the Malaysian Ringgit is expected to fall even lower due to concerns that a national election may reignite political risk and threaten the government’s ability to push through a deficit-busting budget. If election results are deemed inadequate to cement greater political stability or support for the Barisan Nasional (BN) party, the US Dollar-Ringgit may even climb from 4.90 by the end of 2022.
And according to Straits Times, although the Singapore Dollar has weakened by around 4.7% against the US Dollar over the past year, its been performing strongly amongst other Asian currencies — the British Pound, Japanese Yen, Korean Won, and Thai Baht. This can be attributed to the Monetary Authority of Singapore (MAS) tightening monetary policies five times over the past year! We suggest a trip to Malaysia to make use of these weakening rates.
So How Do I Use YouTrip To Enjoy The Best Malaysian Ringgit Rates?

In a nutshell, YouTrip works to “unpinch” your wallet — so you don’t need to worry about losing money from exchange rate margins.
✅ Simply top up the desired amount of SGD you wish to change to Malaysian Ringgit in your mobile wallet
✅ You will find the Malaysian Ringgit, available for real-time currency exchange and conversion when you swipe all the way to the right under ‘Balances’ at the top of the app — just click under ‘140+ other currencies.
✅ To check out the latest rates, use the Mastercard Calculator (remember to include ‘0’ under bank fees!) before you spend. Now all you have to do is use your YouTrip card in SGD and YouTrip will do all the work for you with Smart Exchange™!
Save On The Best Malaysian Ringgit Rates With YouTrip!

And just like that, you’re ready to travel across the causeway and enjoy saving with the best rates! Whether it’s Malaysia or Japan, don’t forget to take your YouTrip card with you on your next holiday to make full use of our wholesale exchange rates (i.e. no pesky bank fees!).
Sign up now and be sure to check out our YouTrip Perks page for exclusive offers and promotions too!
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Stay safe, and happy travels!
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*All currency conversion rates are accurate to the nearest 10 cents on 16 June 2022 SGT 3.30 PM. Bank card prices are calculated based on 3.25% foreign currency transaction fee.