The Blues is a 1990 mega hit for guitarist Gary Moore.
According to Singapore Press Holdings Asiaone, both the Ringgit and the Singapore Dollar, still got the blues where the US Dollar is concerned.
The articles is refreshing, minus any politics or mudslinging. Read Below :
MYR depreciating against SGD has nothing to do with Singapore or Malaysia, but everything to do with the US Emerging markets are more likely to be affected by any global slow down compared to developed countries.
That is one of the reasons why the MYR have depreciated more against the USD, compared to the SGD.
And because currencies are always interrelated, the MYR also depreciates against the SGD, even as the SGD depreciates by a smaller amount against the USD.
On November 9, the exchange rate for the SGD/MYR was between 3.03 to 3.04, a rate we are used to seeing.
However on November 10 to 11, the exchange rate started climbing till it reach a stunning level of 3.19, that is, S$1 = RM3.19. It has seen declined back to lower levels of 3.07 (at the point of writing), but we suspect this is an area worth keeping an eye out on.
