Latest SGD/MYR Exchange Rates

Note:

1. For Android user, please use Chrome, Firefox browser in order to view the page correctly. 
2. Click/Tap on the money changer's name will take you to its location on Google Map.

SGD/MYR rate from forums

Disclaimer:
The rates displayed below is obtained from various forums. Therefore, no guarantees as to its accuracy.
Click here to share the rate.

UOB Cash Withdrawal in Malaysia

With SGD/MYR in all time high, people are searching around to get the best exchange rate. Due to Ringgit shortage or whatever reason, the SGD/MYR exchange rate offered by local money changers are less compelling, with huge spread relative to the SGD/MYR spot rate.

My previous post has discussed about TT using CIMB accounts without any charges. The problem is it is valid for online transfer and you need to wait at least one week to obtain the token. Besides that, you need to have the CIMB account in Malaysia as well. As Malaysia banking service only available during weekdays, this make it really hard for some people to enjoy this convenience and competitive exchange rate.

Recently I came across from Cari forum that the forumers are discussing cash withdrawal from UOB ATM in Malaysia.

http://www.uob.com.sg/personal/ebanking/atm/atm-regional_faq.html
Understand from the site above,
1. There is no charges for cash withdrawal from UOB ATM in Malaysia. All you need to do is to enable your card for the oversea cash withdrawal.
2. You do not need to have UOB account in Malaysia.
3. The same withdrawal limit applies overseas as when you use your card in Singapore.
4. This is cash withdrawal, not TT.

I have called customer service of UOB Singapore and UOB Malaysia, and check on the exchange rate. The desired exchange rate can be found at the site below, and check
1 SINGAPORE DOLLAR vs Bank Buying(RM) field.
Banknotes

Money Changers near The Arcade

Situated in Central Business District of Singapore, The Arcade houses quite a number of money changers. Result from Google Map with query string "money changer near the arcade, singapore" returns more than 10 companies that providing the money exchanges service.

Below two companies offer very good, if not one of the best rate for SGD to MYR.
Arcade Money Changers
11 Collyer Quay
#01-18 The Arcade
Singapore 049317
+65 6220 7241
+65 6221 2080

Sheen International Exchange
11 Collyer Quay
#02-04 The Arcade
Singapore 049317
+65 6222 2040
+65 6222 2041