Ringgit hits new record low against Singdollar

• FireIce

  7 Feb 14, 13:33

  The Malaysian ringgit has hit a fresh record low against the Singapore dollar as several regional currencies continue to stay weak.

  Just three days after softening to an all-time low of RM2.622 against the Singdollar last Thursday, the ringgit fell further to RM2.624 at the start of this week.

  It was hovering around RM2.6207 yesterday.

  The ringgit's persistent weakness is not so much due to the Singdollar gaining strength, but rather a massive outflow of capital from emerging markets back to developed markets, experts say.

   

   

  ST

• charlize

  2 Mar 14, 10:26

  You going JB shopping later ? 

• Mr Milo

  2 Mar 14, 10:30

  wah, will it hit 2.90 ringgit?
• Virtual Housing

  28 Mar 14, 09:20

  i doubt it will hit 2.90