SGD1 to RM3.5: Ringgit hits another all-time low; expert explains 3 reasons for the fall of ringgit

Anna Maria Romero
Wed, 21 Feb 2024 06:54:05 +0000
SG Economy, exchange rate, Malaysian ringgit, singapore dollar

SINGAPORE: Malaysia’s currency reached another all-time low against the strong Singapore dollar at 9:00 on Wednesday morning (Feb 21), falling to MYR 3.5725 to SGD 1. The exchange rate had been at MYR 3.56 to SGD 1 the previous day. Whether the ringgit, which has weakened by around 2 per cent against the Sing dollar …