Saturday 25 February 2017

Ringgit Malaysia. Dolar Singapura. Perfect illusion

Is the current hit from Lady Gaga, taken from her latest album Joanne.

What's happening to the RINGGIT is no perfect illusion, it's worst than that.

It's hard core reality. Bloomberg has the story. Read below :

The Singapore dollar climbed to an all-time high against the Malaysian ringgit on Friday (Feb 24), helped by weakness in the US dollar and waning expectations that the Monetary Authority of Singapore (MAS) will ease policy in the near term.

The local currency hit an intraday record of 3.1687 ringgit about midday, before closing the Asian session at 3.1630, a 0.5 per cent gain on the day, showed Bloomberg data. It has risen 2.1 per cent against the Malaysian currency this year.