SGD Hits Another High Of RM3.44, Ringgit Sets New Low For 2nd Consecutive Day

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SGD Hits High Of 3.4419 Ringgit On 9 June, Still Time To Head To Malaysia For June Holidays

If you’re not already spending the June school holidays overseas, there’s still time left to head to Malaysia for the remaining two weeks.

That’s because the Singapore Dollar (SGD) hit another high against the Malaysian Ringgit (MYR) on Friday (8 June) — RM3.4419.

It was reportedly the second consecutive day that the SGD hit a high against the MYR.

SGD records high against ringgit on 8 June, RM3.4309 at closing

On Thursday (8 June), the ringgit opened at 3.4196 to the SGD, according to the China Press.

That itself was a depreciation of 0.04% from the previous day’s closing.

It would drop more in early trading to 3.4283 at the break — a depreciation of 0.3% and already a record low.

Selling pressure intensified after midday, and the ringgit ended up closing 0.38% down to 3.4309.

That was the currency’s lowest level since the separation of Singapore and Malaysia.

SGD hits another high of RM3.4419 against ringgit on 9 June

Worse was to come on Friday (9 June) when the ringgit opened at 3.4409, reported the Sin Chew Daily, quoting information from Bloomberg.

That was a slide of 0.3% from Thursday’s closing.

From there, it briefly stopped falling and even rose slightly t...

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