Save Malaysian Ringgit From Depreciating


Monday, March 2, 2009

1 US Dollar = 3.76577 Malaysian Ringgit

1 Malaysian Ringgit (MYR) = 0.26555 US Dollar (USD)

Interbank rate +/- 0%

Monday, March 2, 1998

1 US Dollar = 3.64000 Malaysian Ringgit

1 Malaysian Ringgit (MYR) = 0.27473 US Dollar (USD)

Interbank rate +/- 0%

Oh my, I could not help but shaking my head analyzing the currency between Ringgit Malaysia and US Dollar.

It indicated that our economy situation right now is much more in deep trouble than during the Asian Financial Crisis 1997.

If the Ringgit trend of depreciating continues, very soon we will see the Ringgit breaking the benchmark of 1 US Dollar = 3.80020 Malaysian Ringgit that being pegged from September 1998 until July 2005. When it break the benchmark, it could run wild and this could spell disaster.

Lower Ringgit will counter the deflation while maintaining a certain degree of inflation and this could burden the people during this recession.

Save the Ringgit now! The Ringgit must move along the same value of Thai Baht, Taiwan Dollar, Russian Rouble, Polish Zloty and Argentine Peso. Any major depreciation from the above mentioned currencies will bury the Ringgit deeper.