26 Aug '15, 3am

Ringgit falls to new low, below 3.05 against Singapore dollar: The ringgit, at its 17-year low to the US dolla...

Ringgit falls to new low, below 3.05 against Singapore dollar: The ringgit, at its 17-year low to the US dolla...

Singaporeans are gaining more by the day in their dollar to ringgit exchange as the Malaysian currency continues its drastic drop. – Reuters file pic, August 26, 2015. The ringgit, at its 17-year low to the US dollar, slid further to new lows below RM3.05 to the Singapore dollar as foreign exchange markets opened today. At 8.25am, the ringgit was trading at 3.0549 to the Singapore dollar, much lower than its close of 3.0154 yesterday. At 10.45am, it was trading at 3.0504 to the Singapore dollar. The ringgit went below the psychological threshold of 3.00 against the Singapore dollar on Monday, a day when global stocks, emerging currency and oil prices plunged amid deepening fears over China’s slowing economy. A political scandal surrounding the state investment firm 1MDB also continues to weigh on Malaysia’s economy. The ringgit depreciated 1.3% to 4.2680 per US dollar as o...

Full article: http://www.themalaysianinsider.com/malaysia/article/ringg...

Comments

  1. 26 Aug '15, 9am

    New RMB.Haaaaaaa!
    http://www.goaloo.com/1.shtml

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