Singapore dollar hits all-time high against Malaysian ringgit
The Singapore dollar continued its rise against the Malaysian currency, reaching an all-time high against the ringgit.
The Singapore dollar reached a record high of RM3.1964 on Monday (May 23), largely due to strength in the Singdollar, beofre easing to RM 3.1950 later in the day.
![Singapore dollar hits all-time high against Malaysian ringgit](https://ussnsimg.moomoo.com/1653365043407-random4054-102449330-android-org.gif/bigmoo)
There wasn't one individual headline catching event, but instead the technicalities of Singapore's monetary policy that created this all-time high.
Singaporehas pursued a more aggresive monetary policy by appreciating the Singdollar at a faster pace and at a higher level.
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