THB-MYR-SGD trio strengthens against USD since beginning 2017. Philippine Peso weakest amongst major ASEAN currencies. Indonesian Rupiah looks ‘pegged’ to USD. Malaysian Ringgit weakening against SGD temporarily over.
1. USDMYR at Asian Financial Crisis level. 2. Ringgit ranked 6th constituent in RMB index. Ringgit lost half its value to USD since 2011. USDMYR now at 4.3115.
Based on exchange rates, Singapore and Thailand best place to buy gold My colleague Tiong Hum wrote an article asking the interesting and poignant question “Long term gold investment: what if Singapore Dollar did not appreciate?” recently. It turned out that Singapore’s policy to let the