# SGD → MYR: Singapore Dollar to Malaysian Ringgit settlement on Sera

> Tens of thousands of daily SG-MY commuters and a deep B2B supply chain. PayNow ↔ DuitNow has launched bank-side, but FX margins remain.

- **Corridor:** SGD ↔ MYR (Singapore ↔ Malaysia)
- **Status:** Live
- **Bridge stablecoins:** XSGD ↔ USDC
- **Settlement speed:** Sub-second on-chain · ~10s door-to-door

## How settlement flows

SGD via PayNow → XSGD → SOR routes XSGD↔USDC↔MYR inventory → MYR via DuitNow.

## Local payment rails

- **Singapore (SGD):**
  - PayNow (Real-time — Bank/mobile addressable)
  - FAST (Real-time — Domestic interbank)
- **Malaysia (MYR):**
  - DuitNow (Real-time)
  - FPX (Real-time — Bank-direct)

## Use cases

- JB cross-border commuters
- F&B supply chain
- Daily worker payroll

## Risk notes for liquidity providers

Highly correlated with SG-MY work permit policy. Volume seasonality around festive periods.

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Live page with current rates: https://sera.cx/coverage/sgd-myr · Swap at https://app.sera.cx · All corridors: https://sera.cx/coverage · Full corpus: https://sera.cx/llms-full.txt