International - Present

 

 

USD

SGD

EUR

31-Dec-12

3.0580

2.5032


4.0349

31-Dec-13

3.2755

2.5895

4.5102

31-Dec-14

3.4965

2.6471

4.2498

31-Dec-15

4.2935


3.0395

 

4.6898

30-Dec-16

4.4860


3.1006

 

4.7204

29-Dec-17

4.0475

3.0293

4.8440

31-Dec-18

4.1360

3.0355

4.7279

31-Dec-19

4.0930

3.0412

4.5907

31-Dec-20

4.0170

3.0396

 

4.9413

31-Dec-21

4.1650

3.0853

4.7142

 

Chart, line chart Description automatically generated

 

In December 2012, USD showed an increase trend for 5 years from 3.0580 to 3.2755, 3.4965, 4.2935, and 4.4860 in 2016 respectively. However, in 2017, the exchange rate from USD decreased to 4.0475 and increased to 4.1360 in the next year. Next, the data showed the exchange rate of USD decreased for 2019 and 2020, 4.0930 and 4.0170 respectively. In 2021, it increased to 4.1650. With approved investments worth $12 billion in US dollars last year, Singapore is the second-largest foreign investor in Malaysia (Malay Mail, 2022). For Singapore Dollar, the exchange rates gradually increased from 2.5032 in 2012 to 2.5895 in 2013. However, in 2014, it reduced to 2.6471 and increased again for two years, from 3.0395 in 2015 to 3.1006 in 2016. In 2017, the data showed the same trend as USD, in which it fell to 3.0293. In the next year, the exchange rate increased for two years respectively, from 3.0355 to 3.0412 in 2019. Yet, in 2020, the value became slightly lower than the previous year, which was 3.0396 and increased to 3.0853 in 2021.

 

For Singapore Dollar, the exchange rates were gradually increase from 2.5032 in 2012 to 2.5895 in 2013. Sss, in 2014, it increased to 2.6471 and hike up  for two years, 3.0395 in 2015 to 3.1006 in 2016. In 2017, the data showed the same trend as USD, in which it fell to 3.0293. In the next year, the exchange rate increased for two years respectively, from 3.0355 to 3.0412 in 2019. Yet, in 2020, the value became slightly lower than the previous year, which is 3.0396 and increased to 3.0853 in 2021.

 

In conclusion, from December 2012 to December 2021, the highest exchange rates happened in 2016 for both currency, which is 4.4860 for USD and 3.1006 for SGD. While the lowest exchange rates happened in 2012, 3.0580 for USD and 2.5032 for SGD. The declining from 2016 to 2017 was brought on by

excessive speculation in the offshore market, a stronger US dollar, as well as geopolitical uncertainties.

 

 

The data of rates is collected from the Interbank Foreign Exchange Market in Kuala Lumpur as at 1700 in 29 December to 31 December for 10 years, as in 2012 to 2021. 

The data above depicts the trend of exchange rates from 4 currencies, which are USD, SGD, JPN, and EUR. The selected countries are the top major trading partners of Malaysia.

In December 2012, USD showed an increase trend for 5 years from 3.0580 to 3.2755, 3.4965, 4.2935, and 4.4860 in 2016 respectively. However, in 2017, the exchange rate from USD decreased to 4.0475 and increase slightly to 4.1360 in the next year. Next, the data showed the exchange rate of USD decreased for 2019 and 2020, 4.0930 and 4.0170 respectively. In 2021, it increased to 4.1650.

 

For Singapore Dollar, the exchange rates were gradually increase from 2.5032 in 2012 to 2.5895 in 2013. Sss, in 2014, it increased to 2.6471 and hike up  for two years, 3.0395 in 2015 to 3.1006 in 2016. In 2017, the data showed the same trend as USD, in which it fell to 3.0293. In the next year, the exchange rate increased for two years respectively, from 3.0355 to 3.0412 in 2019. Yet, in 2020, the value became slightly lower than the previous year, which is 3.0396 and increased to 3.0853 in 2021.

 

In conclusion, from December 2012 to December 2021, the highest exchange rates happened in 2016 for both currency, which is 4.4860 for USD and 3.1006 for SGD. While the lowest exchange rates happened in 2012, 3.0580 for USD and 2.5032 for SGD. The declining from 2016 to 2017 was brought on by worries about a worldwide economic downturn, decreasing oil prices, the expectation that interest rates in the US would soon normalise, and uncertainties about China's economy.

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