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How Malaysian ringgit's 15-year low drop impacted Singaporean tourists
It presents an opportunity for almost everyone.
According to Bloomberg, the ringgit’s descent to a 15-year low against the Singapore dollar is luring tourists and property-buyers from the city-state, providing relief as Malaysia’s economic growth slows.
"In the past three months, the ringgit has lost 6 percent against the greenback and 4 percent versus the currency of Singapore, which accounted for 52 percent of overseas visitors last year," Bloomberg said.
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