Tuesday 6 December 2016

Ringgit Malaysia, Singapore Dollar. Another Night

Is the 1995 club hit by Germany's Real McCoy.

Another Night is passing us by, and one Singapore Dollar in the NDF market is STILL at a RECORD RM3.14.

That is, the same LEVEL, the Singapore Dollar had stood against the Ringgit on FRIDAY, when Bank Negara Malaysia, ruled that exporters can only hold up 25 per cent in FOREIGN currency, namely the US Dollar.

And with that, the Singapore Dollar had become the REAL McCoy to test the true strenght of the Ringgit.