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Malaysia Ringgit Exchange Rate

RadX

By RadX,
in Investment & Financial Matters

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Dafansu

Dafansu

Turbocharged
On 6/22/2023 at 10:20 AM, Starry said:

I am already here.  Will be here for the next few weeks just to eat and chill, but if I get bored, will go back to SG early.

Somehow, life here in MY suddenly feels running at 0.5x. Felt so relax.  Life in SG seems to be running at 1.5x.  Even chill to drink kopi at  SG, I also have to rush cos people sometimes waiting for table.😅

I used to drive in just to chill, sit at their starbucks, relax, do my work stuff then drive back 😁

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Mkl22

Mkl22

Supersonic

Guess who was prime minister from 1981? I guess he started the downward spiral of the ringgit! 

IMG_2742.jpeg

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Carbon82

Carbon82

Moderator

While stocks last... or is it a scarecrow? 

Malaysia central bank to intervene in FX markets as ringgit losses 'excessive'

KUALA LUMPUR - Malaysia’s central bank said on Tuesday that it will intervene in the foreign exchange market to stabilise the ringgit currency, citing what it called “excessive” recent losses.

The ringgit is trading near a seven-month low and has lost close to 6 per cent of its value against the US dollar in 2023, declining more than its peers in South-east Asia. The Malaysian currency is down about 5 per cent against the Singapore dollar in the year to date.

Bank Negara Malaysia said the extent of the ringgit’s depreciation was not reflective of economic fundamentals, and that recent volatility was also disproportionately higher than historic movements.

“As per its statutory mandate, Bank Negara Malaysia will intervene in the foreign exchange market to stem currency movements that are deemed excessive,” the central bank’s Assistant Governor Adnan Zaylani said in a statement.

The value of the ringgit will continue to remain market-determined, he added.

Ongoing government efforts to strengthen the export-driven economy will help to ensure that the ringgit better reflects the country’s fundamentals, he added.

Earlier in June, Malaysia’s finance ministry said it would implement structural policies aimed at boosting fund inflows and foreign investment that can support the ringgit. REUTERS

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Jamesc

Jamesc

Hypersonic

If only Dr M run SG n BN then SG n BN will be as successful as MY and also 3.09 and not so low 1 only.

:D

On 6/22/2023 at 7:30 PM, Mkl22 said:

Guess who was prime minister from 1981? I guess he started the downward spiral of the ringgit! 

IMG_2742.jpeg

 

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Jamesc

Jamesc

Hypersonic

Malaysia central bank intervene is like putting your hand to stop the leak!

:D

water-main-break-wcp.jpg.b48fd2cd7fb9f639d8e2454d35ebfccc.jpg

On 6/28/2023 at 7:08 AM, Carbon82 said:

While stocks last... or is it a scarecrow? 

Malaysia central bank to intervene in FX markets as ringgit losses 'excessive'

KUALA LUMPUR - Malaysia’s central bank said on Tuesday that it will intervene in the foreign exchange market to stabilise the ringgit currency, citing what it called “excessive” recent losses.

The ringgit is trading near a seven-month low and has lost close to 6 per cent of its value against the US dollar in 2023, declining more than its peers in South-east Asia. The Malaysian currency is down about 5 per cent against the Singapore dollar in the year to date.

Bank Negara Malaysia said the extent of the ringgit’s depreciation was not reflective of economic fundamentals, and that recent volatility was also disproportionately higher than historic movements.

“As per its statutory mandate, Bank Negara Malaysia will intervene in the foreign exchange market to stem currency movements that are deemed excessive,” the central bank’s Assistant Governor Adnan Zaylani said in a statement.

The value of the ringgit will continue to remain market-determined, he added.

Ongoing government efforts to strengthen the export-driven economy will help to ensure that the ringgit better reflects the country’s fundamentals, he added.

Earlier in June, Malaysia’s finance ministry said it would implement structural policies aimed at boosting fund inflows and foreign investment that can support the ringgit. REUTERS

 

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Wt_know

Wt_know

Hypersonic
(edited)

msia style talk first ... do or no do ... who cares

isn't they want to get the chabo to lim kopi for making MH370 jokes? [sly] 

amdk usa said ... no request leh ... 

anyhow must say something first ... to show ... politically correct

even they want to do ... do they have the ammo to do?

sri lanka, venezuela, turkey ... all their currency jit dong jeng !

Edited by Wt_know
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Jamesc

Jamesc

Hypersonic

Dr M's Vision 2020

MY will be a fully developed country by 2020.

Now 2023 already.

MY leaders all like to talk big one!

Results only not so big!

:D

image.png.f5752757e1874628665ed780d0f5c360.png

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Jamesc

Jamesc

Hypersonic

They want to strengthen currency means what huh?

4 to 1 instead of 3 to 1 is it?

:D

I believe them!

 

Why did the A&W 1/3 lb burger fail?

Simply put: the A&W one third pounder failed because the average USA person did not understand fractions.

They thought Macs 1/4 is bigger than A&W 1/3 pounder burger.

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Stary

Stary

Turbocharged
On 7/7/2023 at 5:02 PM, Jamesc said:

When my children have children

maybe 10 to 1!

:D

When your children have children, maybe you will have 10 property in Msia and 1 in Singapore...😁.  

 

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Jamesc

Jamesc

Hypersonic

Safe or not?

Suddenly men in Nigeria have a "copy" of my passport how?

The last thing I will ever do is handover my passport unless its absolutely necessary.

For S$13.33? No way!

:D

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Sdf4786k

Sdf4786k

Twincharged
On 6/28/2023 at 8:38 AM, Jamesc said:

Malaysia central bank intervene is like putting your hand to stop the leak!

:D

water-main-break-wcp.jpg.b48fd2cd7fb9f639d8e2454d35ebfccc.jpg

 

The larger question is why no one put the hand to stop the leak like the boy who put his finger to stop the dam

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Sdf4786k

Sdf4786k

Twincharged
On 7/10/2023 at 9:31 AM, Jamesc said:

Safe or not?

Suddenly men in Nigeria have a "copy" of my passport how?

The last thing I will ever do is handover my passport unless its absolutely necessary.

For S$13.33? No way!

:D

Is that the way to send your mil to Nigeria for free?

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Sdf4786k

Sdf4786k

Twincharged
On 7/7/2023 at 5:10 PM, Starry said:

When your children have children, maybe you will have 10 property in Msia and 1 in Singapore...😁.  

 

With the way things are going, ur children will be lucky if they don’t go into the office as a janitor serving other nationalities lol

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