The Japanese yen fell to a record low against the Singapore dollar on Thursday (April 25) at a rate of 114.53 yen per Singdollar. It then fell further to 115.25 yen per Singdollar at 8am on Friday, according to Google Finance. Despite this, some money changers AsiaOne spoke to said they have seen little change in the demand for Japanese.
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The Malaysian ringgit has hit yet another low, sending some money changers and their customers here into a tizzy. On Monday (Feb 19), the Malaysian ringgit fell to a rate of RM3.555 against the Singapore dollar. The Malaysian ringgit is about two per cent away from reaching 4.885 per US dollar, a level last seen in 1998 during the Asian.