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Serious $1 Sing Dollar = 3.15 Ringgit! Samsters Rushing To Change Money?

JohnTan

Alfrescian (InfP)
Generous Asset
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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/
 

syed putra

Alfrescian
Loyal
RM is fallimg against that baht and philippine pesso too.and indonesian rupiah.
Its the black sheep in asean currently.leaderless. lack of reform and economic progress.
 

zeddy

Alfrescian (Inf)
Asset
This is a good time to go to my favourite spa at New York hotel or call my regular JB OKTs next month to make a booking.
 

Loofydralb

Alfrescian
Loyal
You can bet that Sg had a hand in bringing down the ringgit to dampen inflation.
MYR is basically under MAS control.
Expect it to drop further as the schedule for Malaysian govt default is in 2027
 

syed putra

Alfrescian
Loyal
You can bet that Sg had a hand in bringing down the ringgit to dampen inflation.
MYR is basically under MAS control.
Expect it to drop further as the schedule for Malaysian govt default is in 2027
I don't think so. Its their appeasement policy of petrol and diesel subsidy that is causing RM collspsed.
Smugglers as usual are making a killing.
MYR should focus on fighting inflation by strengthening currency instead of using subsidies like what pakistan and sri lanka did. Both now seek IMF bailouts.
 

syed putra

Alfrescian
Loyal
Lidat her property price drop even further? Capital plus currency depreciation.
The house freehold so no worries.
Property in jiu hu, like thailand, cannot appreciate much due to abundance of land in locsl currency terms. Buyers prefer to buy new rather than used.
 

JohnTan

Alfrescian (InfP)
Generous Asset
Why a multi millionaire like you still pay attention to stuff like these which revolve around 1 to 10 cents in order to go jb for shopping?

I put that article for the benefit of oppies, many of whom love to praise JB for its cheap shopping.
 

JohnTan

Alfrescian (InfP)
Generous Asset
MYR should focus on fighting inflation by strengthening currency instead of using subsidies like what pakistan and sri lanka did. Both now seek IMF bailouts.

The jiuhukias are addicted to subsidies for oil, rice and sugar. They believe that they should get these stuff for free or at a token sum because their country produces these daily necessities.
 
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