China, Malaysia scrap currency pegs for managed float system

• sbst275

  24 Jul 05, 18:37

  Originally posted by 105090:

  can some1 make it clear how the unpeg of RM to US$ will affect Singapore / S$? i thought it only means malaysian importers importing goods from US will cost more, butthings made in malaysia, exported to singapore will more or less remains the same??

  It would affect...
  
  As if RM rises and if SGD does not, you can get lesser RM from SGD... But of course, currently, the floating of RM and RMB, SGD also gained. Not much changes expected
• 105090

  24 Jul 05, 19:03

  i know 5 years ago, S$1.00 = RMB5.00, 2 months ago, also S$1.00 = RMB5.00, but yesterday is S$1.00 = RMB4.90
• sbst275

  24 Jul 05, 19:05

  Originally posted by 105090:

  i know 5 years ago, S$1.00 = RMB5.00, 2 months ago, also S$1.00 = RMB5.00, but yesterday is S$1.00 = RMB4.90

  Last time in 1980's, 1 SGD = RM0.99
• alexkusu

  3 Oct 05, 21:58

  no more updates?
• sbst275

  4 Oct 05, 07:53

  Originally posted by alexkusu:

  no more updates?

  Float liao... What more you want..
  
  Only issue is US wants the pace to go faster
• alexkusu

  4 Oct 05, 07:56

  Originally posted by sbst275:

  Float liao... What more you want..
  
  Only issue is US wants the pace to go faster

  still stuck at 3.77 to 1 usd meh?