# ‘It’s a lot cheaper’: Singaporeans plan holidays as Malaysian ringgit plunges amid US debt woes | South China Morning Post

> Singaporeans are taking more trips to Malaysia because the weak ringgit makes spending there cheaper, and this has created a shortage of ringgit in Singapore. Malaysians are demanding answers about the currency's poor performance. An economist linked the weakness partly to a less aggressive Malaysian monetary policy.

- Date: 2023-05-30 · published 2023-05-30T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/36219-it-s-a-lot-cheaper-singaporeans-plan-holidays-as-malaysian-ringgit-plunges-amid
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Currency-driven shifts in cross-border spending have little direct effect on feed commodity supply or demand. The story reflects the wider currency weakness with no direct price impact.

## Sources

- scmp.com: https://www.scmp.com/week-asia/economics/article/3222343/its-lot-cheaper-singaporeans-plan-holidays-malaysian-ringgit-plunges-amid-us-debt-woes

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.