Not scare.....it was just someone predict/certain that end of the year is USD1 to RM5...but suddenly become USD1 to RM4.5....u-turn as fast as our govt..

I'm holding pop corn and watch see 31st December USD is how much then will come back again

I think it's MIDF jokers that said 4.3 by end of year.

https://theedgemalaysia.com/node/688948

KUALA LUMPUR (Nov 6): MIDF Research said the ringgit is likely to appreciate towards the end of the year, on expectations that the Federal Reserve will stop raising interest rates, China is poised for a recovery, as well as the easing of the demand for the greenback as a safe-haven investment.

However, MIDF qualified that these projections are subjected to uncertainty over the Fed’s policy, the volatility of the US treasury yields, and the current geopolitical tensions in the Middle East. 

lol..start climb back...

Not scare.....it was just someone predict/certain that end of the year is USD1 to RM5...but suddenly become USD1 to RM4.5....u-turn as fast as our govt..

I'm holding pop corn and watch see 31st December USD is how much then will come back again

BNM reserve also play a role in rescuing the currency

TOS you check again.

Year end is coming

It's normal for MYR to get weaker... Outflows of $$$$

But added to our country weakness... And the thingy with the war... Double trouble 😔

ringgit not actively traded after local office hours. you were seeing SGDUSD movement, in ringgit

Year end coming usually is the ringgit is stronger 🤦‍♀️ because exports and domestic consumption is high due to holiday spendings

The war doesn’t affect the ringgit that much 🤦‍♀️ as oil prices been dropping since the start war till now

The real trouble is domestic spending is low now due to sticky inflation while the reserves are not growing up in light of stronger USD while PMX is trying to move away and shore up the CNY instead 🤦‍♀️

PMX trying to shore up CNY? How? Didn't hear about it