Analysis: Understanding the Factors Behind Ringgit's Continued Decline Against the Singapore Dollar

Wednesday, 21 February 2024, 03:01

The ringgit has experienced a 2% depreciation against the Singapore dollar since the beginning of the year, marking a new low today at 3.5725. In this article, we delve into the three crucial reasons driving the ongoing downward trend of the ringgit against the Singapore dollar, shedding light on the economic implications and potential future outcomes.

https://store.livarava.com/d7c7f372-d084-11ee-b88f-5254a2021b2b.jpe — Analysis: Understanding the Factors Behind Ringgit's Continued Decline Against the Singapore Dollar

Ringgit's Decline Against the Singapore Dollar

Since Jan 2 this year, the ringgit has weakened about 2 per cent against the Singapore dollar. Today, it hit another new low of 3.5725 to the Singapore dolla...

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Ringgit's Decline Against the Singapore Dollar

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