The Malaysian Ringgit (MYR) has slumped to an all time low at RM3.12 to the Singapore dollar (SGD). This sounds like an excellent chance to head to Johor Bahru (JB) and make all the purchases while it lasts. The already cheap food and groceries just got cheaper and fuel is about a third of Singapore’s price.
But like the saying goes, what goes around comes around.
We might be rejoicing now that the MYR has spiraled downwards, but in the mid to longer term, the ones that would be suffering the most may be Singaporeans.