Since the economy is reopening last year, the prospects of Asian currencies are declining against greenback. Somehow, a cheaper currency can be beneficial for the economy, as it has a multiplier effect on encouraging exports and narrowing existing trade deficits. A trade deficit occurs when a country buys more goods Continue Reading

The Malaysia ringgit (RM) has fallen to multi-month lows. The ringgit hit 4.748 per U.S. dollar on November 4, 2022, its lowest level since the outbreak of the 2020 outbreak. Despite a rebound in the first quarter of the year, it hit a year-to-date low of 4.6765 against the U.S. Continue Reading