SINGAPORE: With many currencies tumbling against the US dollar, the ringgit hit a 10-month low to the Singapore dollar, and the Malaysian currency fell to RM2.63 for one Singapore dollar, from RM2.57 in June.
In Malaysia, falling oil prices have hurt investor confidence as its government draws almost a third of revenue from state oil company Petronas.
Likewise, the Japanese yen has weakened to 90.5 yen for one Singapore dollar, from 81.5 yen six months ago. The vast vineyards and coastlines of the land down under have a lower Australian dollar adding to their allure, as one Singapore dollar now buys A$0.90, up from A$0.86 in June.
A falling won has depreciated to 849 won for a Singapore dollar, from 815 won to a dollar in June. One Singapore dollar now buys £0.487, a slight gain from £0.475 in June.
