A new high against the Malaysian ringgit
The Singapore dollar reached a new record high against the ringgit this afternoon (Feb 24). According to Bloomberg data, the Singapore dollar reached as high as S$1 to RM3.1687.
The current exchange rate is now at RM3.1630 according to Bloomberg.
Analysts has said that the hike is more of the outperformance of the Sing dollar rather than the weakening in the ringgit.
Source: Bloomberg
There’s no better time to change your hands on some Malaysian ringgit, and head to Johor Bahru for a good meal and do some shopping!
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