SINGAPORE (Feb 7): The Singapore dollar yesterday fell below the RM3 mark for the first time in about a year after the republic’s central bank said there was sufficient room for the Singapore currency to ease as the Wuhan virus hits the economy.

The Singapore dollar dropped to an intraday low of RM2.9788 — the lowest since Aug 14, 2018 when it traded at 2.9809 — before rising to close the day at 2.9854.

Year to date, the ringgit has appreciated about 1.83% against the Singapore dollar.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook