Ringgit hits new low against Singapore dollar
https://www.nst.com.my/business/eco...ringgit-hits-new-low-against-singapore-dollarKUALA LUMPUR: The ringgit recorded a new daily low against Singapore dollar as the latter currency strengthened amid the rise of the US dollar.
At 3pm, the ringgit stood at 3.5333 level against the Singapore dollar. The last recorded daily low was on Dec 13, at 3.5328.
With the higher value of the Singapore dollar, it is not surprising that many Malaysians cross the Johor Strait to earn salaries in Singapore dollar because the higher exchange rate provides an opportunity to increase their net savings.
Meanwhile, Singaporeans will flood into Malaysia for tourism and shopping.