Currency exchange $1 to $3

Half a century ago the exchange rate for S$ to US$ was $3 to US$1. Today
it is S$1.30 to US$1. Not bad huh. The same period half a century ago,
S$ to ringgit was 1:1. Today, there is a long queue at the money changer
to buy ringgits using S$. The rate is S$1 to Ringgit2.625.

When the rate was S$1 to Ringgit 2.5, it was like a windfall for
Singaporeans visiting Malaysia. With today’s rate,