Who will be HAPPY with this exchange rate ?Now, if you are staying in SG, sometimes when you head to the mall , you see long queues at the Money changer, then it is likely when the SGDMYR exchange rate is good. Malaysians who have vested interest back home will enjoy converting their SGD to a better Ringgit when they go home.
Of course, those Singaporeans , maybe retirees who aspire to own a landed property at the price of a HDB flat are also happy as it means lesser Sing dollars needed to pay for the property.
And when the border is open again (let's pray for this year) , then flocks of Singaporeans with more ringgits on hand due to good exchange rates will be happy to spend at JB be it watching movies or buying groceries.
It is also possible that the price may hoover around the resistance area for a few months before we see a breakout ! So, patience is needed !