Malaysian ringgit rides high on foreign investment wave, impacting Singdollar’s purchasing power

Anna Maria Romero
Wed, 09 Oct 2024 07:25:07 +0000
Singapore News, Johor bahru, ringgit, Singdollar

SINGAPORE: With the Malaysian ringgit going strong, the Singapore dollar, which had much more purchasing power earlier this year, will not stretch as much when Singaporeans go shopping, dining, or vacationing in Johor Bahru. In February, the exchange rate was at S$1 = MYR3.5725. Today, it’s at S$1 = MYR3.28. Part of the reason why …