Home Money Exchange Malaysia Ringgit hits low of 3.17 vs Singapore Sing Dollar

Malaysia Ringgit hits low of 3.17 vs Singapore Sing Dollar

- Advertisement -

Malaysia Ringgit hits low of 3.17 vs Singapore Sing Dollar –  The SGD Singapore dollar hit an all time high against the Malaysian currency on 25th April Monday, due to adjustments made by the MAS (Monetary Authority of Singapore), AND a weakening ringgit, according to economists.

Never before seen in recent queues snaked across Money Changers in Singapore and Malaysia, with many Money changers selling out of Malaysia Ringgit early into the day, and stories of customers who exchanged RM100,000 reported.

The exchange rate was steadily holding at the 3.1683 mark beating the previous high of 3.1650 from five years ago.

MAS recent adjustments, would give Singapore a head start in normalizing its monetary policy, said  Bank Islam chief economist Dr Mohd Afzanizam Abdul Rashid.

“The MAS has already started tightening its monetary policy by targeting the Singapore dollar NEER (nominal effective exchange rate) for appreciation in its recent monetary policy meeting on April 14,” Mohd Afzanizam

Elsewhere, reports of Ringgit being 4.35 versus the US dollar, made its way around social media.

As usual, are you a money changer? Join us by leaving your contact here directly and stand to gain our whole suit of software and hardware for free to help digitize your business. 🙂

Missed our recent news? Catch up on news here https://stories.cashchanger.co/liverpool-beats-everton-2-0-in-merseyside-derby/

Compare & get latest best Exchange rates #SGDMYR #MYRSGD #MYR #RINGGIT #MALAYSIARINGGIT #SingMalaysia #SingMY https://cashchanger.co/singapore/sgd-to-myr

Compare Remittance best rates to send money from #Singapore to #马来西亚 – https://remit.cashchanger.co/singapore/sgd-to-myr

Catch us on:
Web: https://cashchanger.co | https://remit.cashchanger.co/
Telegram: https://cashchanger.co/telegram
Facebook: https://fb.me/cashchanger
Instagram: https://www.instagram.com/cashchangercom/
#exchangerate #remittance #compareexchangerates #compareremittancerates #fxrates

Read more about Malaysia Ringgit hits low of 3.17 vs Singapore Sing Dollar USD MYR at  https://www.freemalaysiatoday.com/category/nation/2022/04/22/at-rm4-30-to-usd-ringgit-at-its-lowest-since-may-2020/

- Advertisment -

Most Popular

Kate Moss testifies she was never pushed down stairs by Johnny Depp

Kate Moss testifies she was never pushed down stairs by Johnny Depp - the supermodel says in her 3 minute appearance over video call...

19 killed in US Texas school shooting by teenager

19 killed in US Texas school shooting by teenager - 18 children and a teacher were victims of a shooting at the Robb Elementary...

Malaysia chickens out, bans exports to Singapore

Malaysia chickens out, bans exports to Singapore - as early as 1st June, 34% of chickens supplies into Singapore will be halted by its...

Google Doodle celebrated India greatest Wrestler birthday

Google Doodle celebrated India greatest Wrestler birthday - Sunday 23rd May was legend Gama Pehlwan’s 144th birth anniversary, and a doodle of him was...