Has The Ringgit Hit The Trough?
Saktiandi Supaat, Head of FX Research, Global Markets, Maybank Singapore
05-May-22 07:15
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The Malaysian ringgit has recorded its steepest monthly drop since November 2016. Although generally a weak currency is good for exports as it makes selling of goods more affordable, a weak currency could also be challenging for the economy as it makes imports more expensive. Saktiandi Supaat, Head of FX Research, Global Markets, Maybank Singapore breaks down the cause of this Ringgit weakness with us.
Produced by: Tan Chen Li
Presented by: Tan Chen Li, Khoo Hsu Chuang, Philip See
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Categories: business analysis, investments, personal finance, markets, trends and forecasts
Tags: ringgit, ringgit malaysia, usd, dollar, us dollars,