28 Feb '17, 8am

Singdollar passes RM3.17 mark in another record high; S$1 = RM3.1728

Singdollar passes RM3.17 mark in another record high; S$1 = RM3.1728

SINGAPORE — The Singapore dollar has crossed another milestone against the Malaysian ringgit, hitting a record high of S$1 to RM3.1728 around 1.50pm on Tuesday (Feb 28), according to Bloomberg data. This comes just four days after the Singdollar surpassed the RM3.16 mark. By 4pm, the exchange rate had eased back down to S$1 to RM3.1699. The 4pm exchange rate though was still 0.46 per cent higher than the start of trading. Asian currencies were little changed against the US dollar on Tuesday, holding below recent highs, as investors awaited US President Donald Trump’s speech to Congress for clues on tax reform and infrastructure spending. The Singapore dollar held steady at 1.4036 per US dollar, having retreated from Monday’s high of 1.4000, its strongest level since Nov 10. The ringgit, on the other hand, slipped by 0.14 per cent against the US dollar, while the Thai baht ...

Full article: http://www.todayonline.com/business/singdollar-passes-rm3...

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