MYR (Malaysian Ringgit)

[winston]

4 ways Malaysians should hedge against a weak Ringgit & protect their wealth

byJoo Parn

1) Convert to other currencies
2) Buy gold
3) Buy international stocks
4) Buy Malaysian stocks in the export business

Source: Dr Wealth

https://www.drwealth.com/4-ways-to-hedg ... ct-wealth/

[winston]

Singapore dollar at all-time high against ringgit on policy gap

The Republic’s dollar has surged to an all-time high against the Malaysian ringgit, as the latter was weighed down by weaker exports and its widening rate differential with the United States.

Seven straight months of exports decline through September, partly due to a slowdown in China, its largest trading partner.

Capital flows have also hurt sentiment as global funds sold $324 million of Malaysian stocks in October, the first outflow in four months.

Ringgit bonds also saw two straight months of net foreign withdrawals as of September.

The ringgit’s underperformance stands out due to “still-weak sentiments in China, higher US yields, risk-off sentiment from the Israel-Hamas conflict and a slump in Malaysia’s exports”.

Source: Business Times

https://www.straitstimes.com/singapore/ ... policy-gap

[behappyalways]

Ringgit hits new low. Bank Negara President: It has not affected our country’s fundamentals

马币再创新低 国行总裁: 没冲击我国基本面 | 八点最热报 23/10/2023

https://m.youtube.com/watch?v=MXwqOukl5ZM

[behappyalways]

Under the external impact of the international situation, when will the depreciation of the ringgit come to an end?

国际局势外部冲击下 马币贬值何时到尽头? | 八点最热报 24/10/2023

https://m.youtube.com/watch?v=GSlvVNLYjac

[behappyalways]

The ringgit fell to the "love meal" price against the US dollar. How can Anwar save the ringgit?

令吉兑美元跌到“爱心餐”价位 安华如何救马币？ | 八点最热报 29/10/2023

https://m.youtube.com/watch?v=3fxm8YSE1RM

[behappyalways]

Economic situation is different from other countries.
Anwar: No intention to raise interest rates due to ringgit depreciation

经济状况与他国不同 安华：无意因令吉贬值而升息 | 八点最热报 31/10/2023

https://m.youtube.com/watch?v=JrunHa8g9iU

[behappyalways]

Unlike the 1998 financial crisis, will Tun Dr. Mahathir Mohamad’s foreign exchange lock-up to rescue the market not work?

与98年金融风波不同 敦马的锁汇救市行不通？ | 八点最热报 2/11/2023

https://m.youtube.com/watch?v=aTJ5sCQ1C9Q

[behappyalways]

De-dollarization is not a panacea! Financial Analyst: It may scare away foreign investment

去美元化非万灵丹！ 财经分析师：或吓跑外资 | 八点最热报 09/11/2023

https://m.youtube.com/watch?v=wNJd5xKy7yM

[behappyalways]

Hits new low against Singapore dollar. Why can’t the ringgit stand up?

兑新元再创新低 为何马币就是站不起来? | 八点最热报 28/01/2024

https://m.youtube.com/watch?v=4KHEGXMSRIQ&t=38s

[winston]

Unexpected PBOC key borrowing cut drives ringgit lower

Sentiments are cautious ahead of the release of the FOMC meeting minutes on Feb 21.

The odds for a US rate cut in March meeting has been greatly reduced from 81.5 per cent in early January 2024 to 11.6 per cent at present.

Source: The Star

https://www.thestar.com.my/business/bus ... ggit-lower