Ringgit lurching towards 4.80 again as US dollar rallies

[KUALA LUMPUR] Malaysian Celine Chia is thrilled about her upcoming annual retreat to Hong Kong, but the ringgit’s depreciation has been somewhat of a killjoy, shrinking the funds she has been setting aside for her trip since last year by as much as 15 per cent.

“Although I will continue using credit cards, based on the (current) exchange rate, I will need to cut back on shopping and visits to Michelin-starred restaurants,” said the freelance content creator, who has never missed her yearly vacation to Hong Kong except during the pandemic.

On the other hand, KGV International Property Consultants (Johor) executive director Samuel Tan couldn’t be more relieved that his son has already graduated and found employment in London a few months ago.