Down, down, down: Ringgit continues to slide

Singaporeans have been getting more bang for their buck across the Causeway as the ringgit has been falling against the Singapore dollar.

In the last six months, the ringgit has dropped by 3.63% against the Singapore dollar.

The exchange rate is now RM2.6493 for every S$1.

The ringgit has also fallen to its lowest against the US dollar since August 2009.

The downward pressure is likely to continue as concerns about the impact of falling crude oil prices on Malaysia's economy remain, said economist Lee Heng Guie.

Malaysia, which is a net exporter of crude oil and petroleum, is seen as the biggest loser in Asean of lower oil prices.

Here is the ringgit's performance against some currencies since July last year.

Source: The Star

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More ringgit for your S$: Here are 6 things that're cheaper across the Causeway now