Money changers across the island saw brisk business and snaking queues today as the Singapore dollar jumped in value against the Malaysian ringgit. The Singapore dollar was at a record high of RM3.30 on Friday (Oct 14) morning, the highest since Singapore separated from Malaysia back in 1965, reported Shin Min Daily News. This comes just two months after the...
Shin Min Daily News
A spokesperson from this money changer told Shin Min Daily News that this was partly due to the Monetary Authority Singapore announcing a one-time appreciation of the Singapore dollar.The Chinese daily visited several money exchangers in malls including Jem and found long queues at the money changers there.
However, upon seeing the quoted rates, he said that he'll wait it out for a day or two to see if the rates will be more favourable then.
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