More than this, man you gotta understand what is demand and supply, if more ppl want RM, RM will not dropping like a shit. If the currency is valuable. Once it drop, everyone will rush to get it. Why ppl want it? use for doing business? for traveling to Msia? Msia has something good that ppl want, ppl need RM to buy it. So back to the question, what people want from your Msia? religion? racist? MalinsiaNumbaWan? The Gov dont understand what ppl want ~ and msia have no much of things need for ppl. If you really need that thing from Msia, and it must trade by using RM, no matter how much interest raise you still gotta keep/buy more RM to trade the thing. Basic ECO 101
Ah Chung doctor is absolutely spot on !! The Fed has to keep interest rate high as long as inflation is not tamed down. Apple products, Boeing planes, Nvidia GPU, etc. are keeping the US economy strong. Malaysia need to participate more in their supply chains. Supply high value parts and processes.
@ngkeong33874 ай бұрын
Nah...ringgit is weak cos the govt spent too much more than the country can earn. Alot of elites has took all their funds and keep in sgd. The political situations dont make investors think ringgit is sustainable. Also pmx need to pass on the finance minister to another top smart person , quick and dare to make hardcore decisions at the desperate time. Subsidies need to remove , stop giving payout to civil servants as he like.
Thanks for sharing. I was born in KL but live in Canada now. I trade in financial market, stocks, commodities, bitcoin, precious metals, etc. I believe USD will keep rising, even 10 years out, their interest rate will be higher in the future. In my view Malaysian Ringgit will sink below $5 in the future, along with other currencies that will also decline against US dollar. This is just my opinion and I can be wrong.
@ahsen31003 ай бұрын
exactly man
@rakyatprihatin4 ай бұрын
This way we are reshaping the ringgit chart. Every financial chart has resistance lines and support lines. Ringgit resistance line now at 4.90 approximately. If breaks 4.90 it will go down further to another level. If it stop at another new level, this level will be use by speculators to get to this new level in future manipulating. So don't let ringgit depreciate to a new low level.
@ahsen31004 ай бұрын
You can use the indicator draw lower low and more lower low, msia will never let RM up and up. If you understand global business or economic, Msia have nothing or much can contribute to this world. No advantage to play role in this world, can only sell cheap labor to survive, so the cheap RM is one attractive point for ppl come to msia and do business. At least, rakyat msia got the jobs. Well cheap labor still a job.
創匯的另一個方法, 是FDI Foreign Direct Investment, 你看安華政府已在做了。
@onytfromyt3 ай бұрын
Singapore is an export-oriented economy, they adopt pegging policy to stabilize exchange rate so that the competitive exchange rate helps to keep exports affordable in the global market
@alexlim45083 ай бұрын
SGD is not pegged to any currency. Singapore is also the same as Malaysia, an export-oriented economy yet with a small workforce but with an undisputed good outcome. Why?
Like what you said, it is logical. Not to follow US. Us shall be gone eventually, but then they can print money.! Anyway logically, US is in critical condition now in ecomomic. Well do not increase interest is better. Waiting is better be patient. US can never keep on increase the intetest
Capital outflows is 1 of its contributing factor in currency decline. Economics reforms is crucial measures to address the issue( sluggish economy). Who has economics knowledge ?