1 SGD To 3.15 Ringgit Means It’s Time For A JB Shopping Haul
Singaporeans who frequently make the journey across the Causeway for a bit of shopping would be glad to know that the Singapore Dollar (SGD) has hit a record high against the Malaysian Ringgit (MYR).
On Thursday (21 Apr), the SGD/MYR exchange rate reportedly hit a five-year high of 3.1511.
SGD to Ringgit highest exchange rate in 5 years
According to Shin Min Daily News, the SGD/MYR currency pair hit a 5-year high of 3.15 on Thursday (21 Apr).
The increase was apparently due to MAS adjustments on the SGD while the MYR remained relatively stable.
The appreciation of the SGD lines up almost perfectly with the easing of border measures between Singapore and Malaysia.
So perhaps it might be wise to ‘strike’ while the iron is hot before the exchange rate dips.
https://mustsharenews.com/sgd-ringgit-5-year-high/