The ringgit hit 4.78 against the US dollar last week. What does this mean for you, the average Malaysian looking to travel within Southeast Asia?
As the invoicing currency of the world, when the US dollar appreciates, other currencies, especially emerging markets like Malaysia, tend to depreciate.
But what if you are not going to the US but our neighbour, Singapore?
Well, because the Singapore dollar tends to closely follow the movement of the US dollar, you are likely to see an appreciation there as well.