Ringgit hits record low against Singapore dollar but not everyone is rushing to money changers

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The Malaysian ringgit fell once again, hitting a record low of 3.5517 against the Singapore dollar on Wednesday (Feb 7). At The Arcade in Raffles Place on Wednesday noon, AsiaOne saw several money changers selling the ringgit at around RM3.50.

At The Arcade in Raffles Place on Wednesday noon, AsiaOne saw several money changers selling the ringgit at around RM3.50.

With plans to change $3,000 into ringgit, Chong shared that she prefers to do so online as they offer better exchange rates. "I am feeling sad about the dip as two properties in Johor Bahru that I have rented out and the further dip in Malaysia ringgit will hurt my earnings," he told AsiaOne.

 

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