Tag Archives: USDMYR

YTD movement of major ASEAN currency pairs

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.

Is the Ringgit pegged to the Renminbi?

No currency peg but moving in same trend Although there is no official peg, both currencies are now moving closely in the same trend. Back in late 1998, Bank Negara Malaysia pegged the Ringgit to the US Dollar following speculative attacks. The peg was set