S$1 = 1000 KRW: Singapore dollar hits 13-year high against the Korean won

  Asian currencies have broadly declined against the buoyant US dollar, sliding to levels not seen since the Asian financial crisis. Among the worst-hit currencies is the Korean won which extended losses this month, dragged down by the U.S. Federal Reserve’s aggressive monetary tightening. South Korea which is export-dependant also comes under increasing pressure with higher oil prices and a deteriorating trade balance. On the flip side, the Singapore’s dollar has been resilient against the US dollar. To fight inflation



Singapore dollar rises to new record high against ringgit

A new high against the Malaysian ringgit The Singapore dollar reached a new record high against the ringgit this afternoon (Feb 24). According to Bloomberg data, the Singapore dollar reached as high as S$1 to RM3.1687. The current exchange rate is now at RM3.1630 according to Bloomberg. Analysts has said that the hike is more of the outperformance of the Sing dollar rather than the weakening in the ringgit. There’s no better time to change your hands on some Malaysian