RINGGIT FALLS TO NEW LOW OF 3.07 AGAINST SING DOLLAR

Early yesterday morning, Malaysia’s ringgit recorded its lowest ever trade against the Singapore dollar at 3.0771.

Hurt by falling oil prices and downgrade in Brazil’s credit rating, the ringgit fell to this all time low before recovering to around 3.0574 at around 1.20PM today.

The ringgit traded 4.379 against the US dollar at the same time yesterday, another all time low.

As of this moment, the ringgit is Asia’s worst performing currency.

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