Ringgit up 6% against Singdollar; poised to sustain rally after best quarter in 50 years

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Ringgit up 6% against Singdollar; poised to sustain rally after best quarter in 50 years
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Ringgit is up from 3.4762 per Singdollar on June 28 to 3.2584 on Sept 20.

Against the Singapore currency, the ringgit is up 6 per cent from 3.4762 per Singdollar on June 28 to 3.2584 on Sept 20.

Against the Singapore dollar, the ringgit is up 6 per cent from 3.4762 per Singdollar on June 28 to 3.2584 on Sept 20. Foreign investor flows and further conversion of foreign currency deposits will also support the ringgit. The rally picked up steam in this quarter as investors bet on South-east Asian winners amid the prospect of policy easing by the US Federal Reserve.

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