How Does the Ringgit Become Stronger or Weaker?

Today I Learned
19/11/2023 50 min
How Does the Ringgit Become Stronger or Weaker?

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Episode Synopsis

We often hear about how the Ringgit is becoming weaker or stronger when compared to other currencies. For example, people often talk about how at one point, the Ringgit to the Singapore dollar was 1:1, but now one SGD is more than RM 3. More commonly we often discuss the ringgit to the US dollar. But how does any of this work, exactly?Image Credit: ShutterstockSee omnystudio.com/listener for privacy information.
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