Hey Travelers, Malaysia’s Calling!
School’s out on May 27, so that June family getaway could use a splash of adventure.
Why not let the Singapore Dollar (SGD) help fund your tan? It hit an all‑time high of RM3.1964 against the Malaysian Ringgit (MYR) on May 23, according to CNA.
What Made the USD-Dong? (No, not a Tongue‑Twister)
- Monetary Authority of Singapore kept the SGD humming. It focused on supply and demand, so the currency swelled.
- No single headline event; it was the techy bits of Singapore’s policy that gave the SGD a lift.
- At 1:48 pm Singapore time, the SGD had a sweet moment before closing slightly lower at RM3.1950.
U.S. Politics & the Rise of the Yuan
- President Joe Biden reviewed Trump tariffs on Chinese goods—this sparked a move in the offshore Renminbi (RMB).
- That ripple made the SGD feel the wind too, so the whole currency market gained a bit of upward velocity.
Where the Numbers Are Rolling (Almost 400,000 Ringgit!)
- Since late February, the SGD‑MYR rate has been climbing.
- By April 21, it hit a five‑year peak, which had folks lining up at money changers.
- At Crante Money Changer in People’s Park Complex, the total trade was nearly RM400,000 (≈S$125,260).
So grab the sun, pack a bit of ringgit, and let this currency surge turn your Malaysian vacation into a memorable splash of fun!