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The future of the Malaysian ringgit

Commentary

The future of the Malaysian ringgit

Kang Wan Chern Published on Mon, Mar 06, 2017 / 4:22 PM GMT+8

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SINGAPORE (March 6): Last May, a 128-gigabyte Apple iPhone 6s Plus in Malaysia cost RM3,699. At the exchange rate of SGD1:RM2.85 then, that would have been around $1,298 –about the same as the retail price in Singapore.

At today’s exchange rate of RM3.16 though, Singaporeans can get the same phone for $1,170 in Malaysia. With the phone selling in Singapore for $1,218, they could save around $50.