Singapore dollar at all-time high against ringgit on policy gap

The Singapore dollar-ringgit pair is gaining attention as both economies have tight trading ties and share one of the busiest land borders in the world. — Bloomberg

SINGAPORE: The island-state’s currency surged to an all-time high against the ringgit as the latter was weighed down by weaker exports and its widening rate differential with the United States.

The Singapore dollar rose as high as 3.4826 versus the ringgit yesterday. That’s because the local dollar was supported by previous rounds of policy tightening.

Get 30% off with our ads free Premium Plan

Monthly Plan


Annual Plan


Billed as RM103.60/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!


Next In Business News

CPO futures likely to trade lower on profit-taking next week
Oil notches weekly gains ahead of Opec+ decision
Hektar-REIT focuses on strengthening portfolio
Timber furniture sales cool as demand softens in US, Europe
Fading population dividend
CTOS eyes new overseas markets to drive growth
Big wins for billionaire Ambani in Disney tie-up
HAS inks deal for five new Airbus helicopters
Positive outlook for luxury condo market
China quants making big cap bets weather turmoil

Others Also Read