---
title: "S$1 To RM3.54: M’sian Ringgit Hits All-Time Low Against S’pore Dollar"
url: https://weirdkaya.com/s1-to-rm3-54-msian-ringgit-hits-all-time-low-against-spore-dollar/
date: 2024-02-02
modified: 2024-02-02
lang: en
author: "Yu Ang Tan"
description: "The Federal Reserve's decision to maintain the interest rate at 5.5% has led to a strengthening of the Malaysian Ringgit against the US dollar, while the Ringgit hit a new..."
categories:
  - "Society"
tags:
  - "Malaysia"
  - "Malaysian Ringgit"
  - "Singapore"
  - "Singapore Dollar"
  - "Singapore Dollar Versus Malaysian Ringgit"
image: https://cdn.weirdkaya.com/media/s1-to-rm354-msian-ringgit-hits-all-time-low-against-spore-dollar.png
word_count: 151
---

# S$1 To RM3.54: M’sian Ringgit Hits All-Time Low Against S’pore Dollar

The Federal Reserve's decision to maintain the interest rate at 5.5% has led to a strengthening of the Malaysian Ringgit against the US dollar, while the Ringgit hit a new historical low against the Singapore dollar, dipping to 3.5415 at one point.

![Haze In Malaysia](https://cdn.weirdkaya.com/media/haze-in-malaysia.png)Photo via [Canva](https://weirdkaya.com).

In line with the Federal Territories Day, the currency market was closed on Thursday.

## M'sian Ringgit hits all-time low

According to currency converter site XE, the Ringgit opened at 4.7292 against the US dollar, slightly stronger by 0.03% compared to Wednesday's close of 4.7305, and improved to 4.7285 by 11 am.

![Malaysian Ringgit hits all time low](https://cdn.weirdkaya.com/media/malaysian-ringgit-hits-all-time-low.png)

The Ringgit commenced lower against the Singapore dollar at 3.540, a decline of 0.24% from Wednesday's close of 3.5322, continuing to weaken and briefly reaching a new historical low of 3.5415.

Earlier, many Singapore money changers had already run out of the Malaysian currency when it hit the 3.5 Mark.

Read our coverage here:

https://weirdkaya.com/sporean-money-changers-left-with-no-ringgit-notes-after-exchange-rate-hits-3-5-mark/

### Read More:

- [Here’s What Every M’sian Muslim Should Know About Zakat & Taxes](https://weirdkaya.com/heres-what-every-msian-muslim-should-know-about-zakat-taxes/)
- [I Switched Jobs & Am Worried About My EPF. Here’s Everything You Should Know](https://weirdkaya.com/i-switched-jobs-am-worried-about-my-epf-heres-everything-you-should-know/)
- [Ringgit Now Strongest In 5 Years Against SGD, Highest Since 2021](https://weirdkaya.com/ringgit-now-strongest-in-5-years-against-sgd-highest-since-2021/)
- [Stronger Ringgit Doesn’t Stop Singaporeans From Spending In Malaysia](https://weirdkaya.com/stronger-ringgit-doesnt-stop-singaporeans-from-spending-in-malaysia/)
- [1 SGD Expected To Hit RM2.90 By End Of 2024, Say S’porean Tech Expert](https://weirdkaya.com/1-sgd-expected-to-hit-rm2-90-by-end-of-2024-say-sporean-tech-expert/)
- [M’sian Ringgit Ranked As Best Performing Currency In Asia, S’pore Dollar At 2nd Place](https://weirdkaya.com/msian-ringgit-ranked-as-best-performing-currency-in-asia-spore-dollar-at-2nd-place/)

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