[Official Thread] Ringgit Exchange Rate

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rachdanon

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Didnt the MAs just halt the strengthening of the SGD against basket of currencies including Ringgit in April? Why SGD still strengthening?
 

kitkat2

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Didnt the MAs just halt the strengthening of the SGD against basket of currencies including Ringgit in April? Why SGD still strengthening?

sgd is strengthening against myr but not against usd. yesterday it was 1.37, forthnight ago it was below 1.35.

myr has really bad fundamentals and needs chinese help to prop it up. are you sure myr is in the basket?

it would be disastrous to singapore if sgd weakens against myr when myr is plummeting.
 
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rachdanon

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sgd is strengthening against myr but not against usd. yesterday it was 1.37, forthnight ago it was below 1.35.

myr has really bad fundamentals and needs chinese help to prop it up. are you sure myr is in the basket?

it would be disastrous to singapore if sgd weakens against myr when myr is plummeting.

I read somewhere that other than usd, yuan, the ringgit is included, and Malaysia certainly qualifies as a major trade partner.
 

GenerationX

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I read somewhere that other than usd, yuan, the ringgit is included, and Malaysia certainly qualifies as a major trade partner.
Think a few weeks back or even months china want to help myr right? N that causes myr strengthen a bit that time
 
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