Some facts and figures about Malaysian Ringgit

  1. USDMYR currently trading at 4.3115.
  2. USDMYR traded at Asian Financial Crisis high of 4.885 in January 1998.
  3. Mahathir Government imposed capital controls, pegged USDMYR at 3.80 in September that year.
  4. Ringgit peg to USD was removed on 21 July 2005 same day China unpegged the Renminbi from USD.

    USDMYR monthly chart from 1994 - present

    USDMYR monthly chart from 1994 – present | Source: Investing.com

  5. China is Malaysia’s largest trading partner.
  6. China CFETS RMB index includes Malaysian Ringgit as one of 13 constituents; ranked #6 in weight.
  7. Ringgit lost nearly half its value to USD since 2011.
  8. SGDMYR currently at 3.05.
  9. Ringgit weakest among Singapore Dollar, Thai Baht and Indonesian Rupiah since 2014.

    USDSGD, USDTHB, USDMYR, USDIDR overlay from 2014 - present

    USDSGD, USDTHB, USDMYR, USDIDR overlay from 2014 – present

 

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Soh Tiong Hum is Director of TerraSeeds Market Technician Pte Ltd. TerraSeeds is a trading educator in Singapore since 2005.   Soh's Twitter account @sohtionghum was ranked #23 out of The Top 70 Twitter Accounts To Follow In 2015 by MahiFX.   Disclaimer notice: "I do not have a financial advisor's license. I am not qualified by any regulator to give financial advice. I do not know you the reader. Your investment means and motive may be different from me. My posts here are based on observations and meant for education. I am not responsible for for any consequence from your actions."
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