A netizen has shared on Facebook saying that the exchange rates of SGD and MYR is dependent on the number of Prime Minister (PM) each country has since Singapore’s independence (1965).
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He illustrates this saying that SGD and MYR used to be 1 to 1 in 1965 when Singapore had their first PM to Malaysia’s one PM.
Fast forward to today’s exchange rate of 1 SGD to approx 3+ RM, Singapore has had 3 PMs while Malaysia has had 9.
Image source: Google Maps and Ian Chai Facebook