I really hope that all the big foreign investments in semiconductors and the construction of many data centers in Johor, Selangor, or Penang, as well as AI investments, will help our currency stay at 1 SGD to 3.5 MYR and not drop further. It is enough for our country.
Your salary in Singapore may increase due to the weak ringgit in Malaysia, but when you spend your ringgit in Malaysia on food, cinema, electricity, water, hotels, theme parks, cars, and groceries, you will find that your spending power has also decreased.
Unless you have a salary of at least 7000 SGD - 9000 SGD and only one child or no children and a spouse, it will be challenging.
Now, school fees, tuition fees, bus fees, and stationery costs are all increasing.
The strength or weakness of the exchange rate between 1 SGD to MYR affects the prices of coffee shop food, houses, automobiles, motorcycles, canned food, vegetables, fruits, meat, milk, and other grocery items in Malaysia.
This exchange rate relationship between SGD and MYR influences the cost of living and inflation in Malaysia.
But you're now a Singaporean PR... and you work in Singapore. Wouldn't you want the exchange rate to be stronger in SGD's favour?