Why ringgit so weak

At Aramex International Exchange at Sim Lim Square, managing director Barakath Ali said sales for the ringgit have picked up about 45 per cent this month compared with last month. Mr Barakath, who is also first vice-president of the Money Changers Association Singapore , said: "Demand for currencies usually increases during school holidays. Join ST's Telegram channel here and get the latest breaking news delivered to you. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused.

Until we resolve the issues, subscribers need not log in to access ST Digital articles. But a log-in is still required for our PDFs. Skip to main content. On 8 June , the ringgit dropped to 3. On 9 June , it fell to its lowest value against the Singapore dollar in 30 years , trading at RM2. On 6 July , it was reported that the ringgit had dropped to its lowest level in 16 years , falling to 3. When the ringgit was pegged to the dollar in the aftermath of the Asian Financial Crisis of , it was set at 3.

On 12 August, the ringgit fell to RM4. How big was the drop and when did it start? The ringgit started falling in late For the full story go to KiniBiz.

Kini Lens. Kini Morning Brief. Kini News Lab. Special Reports. Economy 1d ago Finding the right path for Asean towards circular economy. Economy 09 Nov Promoting the circular economy. Markets 23h ago Bursa stays flattish as Wall Street, inflation worries weigh. This has spilled over into domestic bonds and interest rate swap markets. Article type: metered. Join our Telegram channel to get our Evening Alerts and breaking news highlights. Topic: Forex Economy. Found a mistake in this article?

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