When Malaysian Ringgit Will Rise
Posted on 15 may at 12 pm 2019 usd myr update.
When malaysian ringgit will rise. However some economists concur with bank negara malaysia s view that the ringgit s current weakness is nothing to worry about like many of its peers around the region the ringgit has depreciated against the us. Six things to know about the currency drop. Things like economic performance inflation interest rates current account deficits public debt and terms of. An above forecast malaysian gross domestic product growth figure q1 caught investors off gaurd registering at 4 5 versus estimates of 4 3 4 4.
Sure there are occasional drops in between but that is only normal as our ringgit continues to rise back up again right after. Not in the next 10 years. For instance as of 19th january nst reported that the ringgit had strengthened against three strongest currencies namely. Singapore dollar s rise against the ringgit accelerates to 2018.
According to a set of data collected by bloomberg consumer confidence gauge is at the lowest since 2008 and measures of manufacturing wages and credit card spending were weaker last quarter. In times of economic uncertainty a weak currency may ring alarm bells raising concerns that a soft ringgit will result in higher cost of living and dearer imports. Singapore dollar hits 8 month high against malaysian ringgit. No ringgit peg for malaysia for now.
The ringgit has been on a rise gradually since 2018 and that is of course great news. Ringgit expected to rise after bandar malaysia revival. How low has the ringgit fallen before closing on 3 december 2014 the ringgit dropped to as far as 3 4455 to the us dollar the weakest it had been since february 2010 in the first quarter of 2015 the ringgit s value continued to weaken. Zairina zainudin bernama.
Future outlook of the malaysian ringgit.