Singapore is unique as it's the only country in the world which has an explicit monetary policy to revalue SGD against its trading partners, primarily to control for inflation. As almost everything in Singapore is imported, it makes sense for them to have this kind of policy. Without a doubt, in the long run, SGD would gradually appreciate against MYR, breaching RM3.5 or even RM4. But how long would it take? 5 year, 10 year? Nobody knows for sure. In the short term, SGD would continue to fluctuate against the MYR.

RHB Multicurrency Account. I've been buying CHF, USD and SGD monthly

This post has been edited by Mr Gray: Oct 21 2023, 10:59 AM