Thread: Malaysian Ringgit rate update
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Old 22-05-2007, 11:29 AM
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Re: Malaysian Ringgit rate update
Quote:
Originally Posted by loneyranger View Post
Rate going vy low this month. Will continueto go low as RM is getting into the market...
Not really bro...

USDSGD is a different "animal" to USDMYR...

There is a lot of Central Bank interest from Malaysia, so they are watching carefully - the current trend in USDMYR remains lower - weak USD, strong MYR

However, the USD is getting STRONGER against the SGD, (and this is starting to show in other regional FX), so the weaker SGD against the USD, coupled with the stronger MYR against the USD shows a stronger MYR against the SGD...

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