THB-MYR-SGD trio strengthens against USD since beginning 2017. Philippine Peso weakest amongst major ASEAN currencies. Indonesian Rupiah looks ‘pegged’ to USD. Malaysian Ringgit weakening against SGD temporarily over.
Major ASEAN currencies beginning 2017 to present
THB – MYR – SGD trio strengthening against the USD year-to-date. PHP weakest.
Indonesian Rupiah appears ‘managed’ to a USD ‘peg’ since last December.
SingDollar and Thai Baht shows high level of positive correlation with a slight strengthening in the Baht since Q4 last year.
For Malaysians and Singaporeans crossing the Causeway/Second Link regularly, Ringgit weakening against SGD appears to be over for now.
Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’. Operates multiple strategies.
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