Thai Baht more value than Malaysian Ringgit

I can’t imagine why Thai Baht is more value than Malaysian Ringgit.

The evidences:

Wednesday, October 22, 2008

10 Thai Baht = 1.03936 Malaysian Ringgit

10 Malaysian Ringgit (MYR) = 96.21286 Thai Baht (THB)

Interbank rate +/- 0%

This means:

You buy 10 Thai Baht : 1.03936 Malaysian Ringgit
You sell 10 Thai Baht : 1.01932 Malaysian Ringgit
You buy 10 Malaysian Ringgit : 96.21286 Thai Baht
You sell 10 Malaysian Ringgit : 98.10421 Thai Baht

Malaysians!! We must remember that during the Asian Financial Crisis 1997, Thailand was more badly effected compare to us. Today, our Ringgit is lower than Baht. We must not be proud.
Ringgit is 53% undervalued – conducted using Big Mac theory.
We must wake up,,,save the Ringgit in your wallets from further devaluation.

Big Mac Index

Big Mac Index

Let’s take a look back to pre-independence 1957.
Malaya, Singapore, Australia and New Zealand had a similar currency value among themselves.

Today, Singapore, Australia, New Zealand and later join by Brunei still share the currency value +/- 10% among themselves.

Again, I cannot imagine why Ringgit is very far below Sing dollar, Australian dollar and New Zealand dollar today. We must not be proud.

Maybe in future although this sound a bit ridiculous, Malaysians will be trading in Sing dollar instead of the Ringgit.
Similarly to Cambodians who prefer to trade in US dollar than to their own currency.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: