Malaysia’s ringgit is growing stronger, but Singaporeans continue to snap up homes in Johor

Anna Maria Romero
Sat, 10 Aug 2024 02:00:20 +0000
Malaysia, homebuyers, Johor bahru, Malaysian ringgit

SINGAPORE: After having been in a worrying downward spiral since mid-2023, the Malaysian ringgit has finally rallied, hitting an 18-month high on Wednesday (Aug 7). In May this year, the currency reached a 26-year low of US$1 to RM4.78. By this week, however, it had climbed back to US$1 to RM4.42 as Malaysia’s economic performance …