WHAT MAKES THE CURRENCY OF SINGAPORE IS HIGHER THAN MALAYSIAN CURRENCY

What makes the currency of Singapore is Higher than Malaysian currency

By Shauqi

In Malaysia, there are many places that attracts tourists from across the world and nearby countries. Among of all the countries, there are Singapore that is our neighbour country. The Singaporean always come to Malaysia to enjoy their vacation but they only used only few of their money for their vacation expense. Why? It is because they have a higher currency rate than Malaysia.
For those who don’t know, the Singaporean used U.S dollar as their national currency that is for about 2.5 ringgits for a dollar. The reason that they have used the currency is because the U.S government have supported from the beginning of their development. For that, they have become more advanced compared to Malaysia. It can be proven by their technologies including military technologies because they have obtained some of it from the U.S. On top of that, they also have many diplomatic relationships between mass countries, making their country to be known globally and makes their economical rate to rise.
Furthermore, their location is very strategic because it has been known from the past centuries for their port ship industries that makes it as a vacation spot for tourists from all over the world. Their citizens also are not many compared to Malaysia, making the living cost to be low for the government to support their citizens. They also provided lower taxes to the foreigners to come to their country.
Singapore has a balanced economy compared to Malaysia. It is because they didn’t have to take care of many province unlike Malaysia because their country is smaller than Malaysia. Besides, they also have many investors that is interested in their country, resulting to a lower rate of unemployed citizens and strengthen their economical rate.
For the conclusion, they have a lot of advantages compared to Malaysia. However, it does not mean that Malaysia cannot compete with Singapore because we also have our advantage. We have a lot of vacation spot to attract tourists and we also have many historical place that makes us to have the upper hand from the Singapore.