Explainer: Why is Malaysia's ringgit up 2.2% in 4 months to the Singdollar and will its rise continue?

SINGAPORE — As any Singaporean crossing the Causeway recently may have noticed, Malaysia's currency has jumped quite a bit against the Singapore dollar lately.

The ringgit hit an all-time low of 3.57 against the Singapore dollar on Feb 21. On Thursday (June 6), it was trading at about 3.49.

That's a gain of about 2.2 per cent in under four months, reflecting the fact that the ringgit has been one of Asia's strongest performing currencies.

For Singaporeans on a shopping expedition to Johor Bahru or perhaps considering a property investment, that's a hefty currency movement.

​The world of foreign exchange can be complex, driven by many factors such as interest rates, economic fundamentals, global events and the mood of investors.