Ouch! Our exchange rate has just hit a new low :(
Today , our exchange rate against Singapore Dollars reaches an all-time low compared to the past. While the exchange rate from Malaysia Ringgit to U.S. Dollars is 4.57, our exchange rate to Singapore Dollars has hit 3.40 as of now. This sets a whole new lowest record.This Monday, the currency rate hit 3.3829 on the market. It has been depreciating since and reached its lowest today. According to Bloomberg, Malaysia Ringgit to Singapore Dollars dipped 0.
On the Bank of China’s official website, it showed that the decline of the ringgit against SGD has slowed down over the months. The last lowest record of the ringgit exchange rate was on 7th November last year. At that time, 1 Singapore Dollar exchanged to 3.3795 Malaysia Ringgit. And today, that record has been broken.
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