(a)

Using the information provided in the Table 2 below:

Table 2:

Year

Spot Exchange Rate

January 2021

2.99 RM/S$

September 2021

3.11 RM/S$

(i)

Indicate whether the Ringgit Malaysia will appreciate or depreciate relative to the

Singapore dollar.

(2 marks)

(ii)

Find the amount in percentage-change terms of appreciation/depreciation.

(2 marks)

(iii)

Explain the impact of the exchange-rate change on Singapore consumers purchasing

power over Malaysian goods and services relative to their purchasing power over

Singaporean goods and services.

(2 marks)