Foreign workers in Singapore rush to cash in on weak rupee, rupiah
Workers from India and Indonesia are scrambling to change money as their currencies languish at multi-year lows.
Others are rushing to send funds home after the rupee and rupiah declined sharply over the past week.
Remittance shops and money changers in areas such as Serangoon Road said that they had been serving up to double the usual number of customers from both countries since Monday.
One Singdollar now buys 8,520 rupiah, up from 8,111 last week, and 50.3 rupees, up from about 48 a week ago.