In 2025, something previously considered unthinkable happened: the Malaysian ringgit appreciated by roughly 5% against the Singapore dollar in a single year.
This move was not random. It was driven by a stronger Malaysian economy and a clear increase in foreign direct investment and capital inflows into the country.
In my view, this is not a one-off event. A continued annual appreciation of around 5% is likely to persist for the next few years. As a result, Malaysians holding Singapore assets may continue to experience an erosion of their wealth in ringgit terms, even if Singapore property prices continue to rise.
<
p data-end=”1229″ data-start=”1050″>That outcome may feel uncomfortable, but it is simply the consequence of holding assets denominated in a currency that is no longer structurally strengthening against the ringgit. Why the 5% Continued Appreciation Will Continue…
