RM has been on downtrend in the last few decades. As there is no change in gomen policy, RM devaluation is likely to continue.

Won’t change unless the bunch of fools in BNM will have to change 1st 🤦‍♀️ even the last OPR hike was supposed to stem the depreciation yet depreciated 3% in less than a month

Ringgit is the second worst performing currency
BNM is weak in raising OPR
Ringgit is beyond rescue
Our FD rate are supposed to be higher than USD to attract foreign investor

And US have higher FD than us. Lol.

Old days US have very low FD or interest rates...

But now everything changes..... All funds going back to US market/shores 💪

Money goes where there is higher yield/gain. why bother with rm, when usd give higher interest and appreciation.

One reason previously because of low interest rate environment there.....

But now all changes...

So all back to the shores...

Thus hurting MYR in the process too....

US fed policy doesn't take 3rd world currency or economy into account. if bnm and mys gomen failed to adapt to us feb policy, will have to face the consequences.

True..

It's others countries that follows US policies....

Need to adjust accordingly

Gosh,.. you guys have really lost confidence in this place. Glad I ported out a lot of funds in the early-2000's...

Need to save up on Ren Min Bi

How can it be the 2nd worst performing currency when Zimbabwe and Argentina and Venezuela are worse than Malaysia 🤦‍♀️ weakest in ASEAN in 2023 probably

No investors bother about FD rates 🤦‍♀️ but more consistent govt policies and stability which is why Vietnam will overtake Malaysia within middle of this decade

As long as BNM has reserves in IMF and World Bank it will have adjust based on Fed policies

Yes as long as economic structure and policies doesn’t change and revamp RM will go down to drain more 🤦‍♀️

The reason is simple. A good buisness takes years to generate values. Certain groups look for tongkat and handouts and the government is forced to go for short term policy. Raising interest rate is not a long term solution. Companies are paying peanuts in Malaysia and no good people want to work in Malaysia. There goes the vicious cycle. Unless we go for a merit based policy, this country won't improve. Currency rate will just drop further.

Don't forget....

The good businesses somehow later stage would be forced take over in the name of country benefits 😔

Already have previous cases happens before.... Just saying 😉

Until there is a drastic change in legacy policies, RM devaluation will likely continue.

Low productivity, low pay is natural. Even at this low pay, few FDI is interested.

National service.

This post has been edited by icemanfx: May 26 2023, 08:54 PM

Unlikely 🤦‍♀️ more like rm3.50+ is a reality this year

It is all depends on what action bnm will take.

BNM won’t take any action anyway 🤦‍♀️ until they receive instructions

Even the recent the hike was supposed to defend the RM but yet it can’t support and RM depreciate past RM4.50

Still high unlikely 🤦‍♀️ because SGD will depreciating slightly towards this year end 🤦‍♀️

Last spike was back in Aug 2014 was at 2.48 and it took entire year for it to spike 3.12 in Aug 2015

Now it is range bound whereby below 3 is high unlikely and the lowest it will go will be 3.15

SGD is slowly coming down a bit, it was 3.358 at MVD today.