Why The Malaysian Ringgit Is So Strong In 2024

For people whose money/income only circulate around MYR, u may think “nah, still not strong enough”.

But if your income is in USD or you use USD for things in your life, current exchange rate really shows that MYR is getting stronger 😂

praying for 3.9 the end of this year 🙏🏻✨

I hope ringgit will strong again like 1995...2.50=1 dollar

Nowadays 1$=RM 4.19-4.20

Usually $1 = RM3.80 - but long ago, it was even lower than RM2.00

Why got strong ..it just recover to the same rate in early 2023

permainan dajjal. hidup bgantung kat kertas bodoh ni.

BS its manipulated
It should be 1rm =1 usd

Today $1=4.205 Myr

I' french living in KL, and I get my salary in €
2 months ago my rent was 525€ / month
Now it's 575 😬
But yeah I think it's definitely positive for Malaysia

Strong my foot

Bro I suggest that you do this piece in BM. I’m afraid most of the walauns will have a tough time comprehending this video. Thanks!

Ringgit strengthening also means some will finally be able to take their money out of the country.

Malaysia Ringgit is the best performance currency in recent period. New iPhones selling cheaper by RM400 compared to last year.

Subscribed 👍🏻

back then US$1 = RM3.70

Who said Malaysian ringgit is strong? It should be US$1.00=MYR2.00~MYR2.50 if not so much corruption by government servants or politicians'.

don't see the prices dropping in the supermarket !!!

Malaysia should start kick out imigrant workers from Indonesia, Bangladesh, Myammar, Sri Lanka, Pakistan, and Nepal, they bring a lot of trouble in Malaysia

Because they take a lot of Vitamins from A to Z. Use your brain. 😅😅😅😅😅😅

ngl political instability, 1mdb scandals etc may contributed the downfall of ringgit back in the days.

Hope it goes back to its old value. I missed those days when 1USD = 2.5RM.

its Rm4.15 for 1 usd today malaysia boleh!!

Answer this then which of the following factor is affecting it more among the other : A) Inflation B)Interest Rate C)Balance of Payment D) Risks

Now 4.15 !!

Economic specialist not appear to explain. They were sleep? Who made it to necome like that. What company. Does total money trade daily increase.

Economic specialist not appear to explain. They were sleep? Who made it to necome like that. What company. Does total money trade daily increase.

oh nooooooooooooooooooooooo !!!!!!

But , whatsabout both taxes rates ???

To be a high income nation we must have strong currency and emulate Singapore. Move up the international supply chain, import must be cheap, value add and export products

Move away from cash crop business....making us totally dependent on cheap foreign labour

1 dollar used to be 3 ringgit

Ringgit is still weak not strong!

Now 4.12

Malaysia 🇲🇾🫡

how about 1 dollar to 1 ringgit muahaha

If ringgit strong, we pay lesser for import products but export products become more expensive. If ringgit weak, the reverse happens. So it all depends what malaysia want to be, nett export or nett import?

Hi Emir, in case you didn't know, the ringgit is not traded in the international forex market. So, the supply and demand concept doesn't apply to the ringgit as it does for other currencies like the Yen. The ringgit is determined in a non-deliverable derivative exchange in Singapore. In other words, the ringgit's value is decided by America, based on political factors. As you can see for yourself, Malaysia's economic fundamentals were strong and yet the ringgit was going down in 2023 until now. Ever wondered why? The ringgit is determined more by political factors and less by economic fundamentals. This could be the reason Malaysia was contemplating joining BRICS - to escape America's bullying and dominance.

About time as new PM is working very hard indeed 😁

1 USD= RM 4.00 sooner

Changes in all areas

Ianya berlaku dengan pantas. Perlu ada adjustment situ sini bagi mereka yang terlibat secara langsung.

All those PN forex expert are now hiding in cave😊❤😅😂😮🎉😢

Manipulative

I am happy that our MYR is strengthening and not just againts USD pair but againts many others in general. But as you have mentioned that it does raised a concern whether it will backfire much sooner than we think if it gets too strong considering we are mostly a raw materials exports oriented country. Lets hope that our tech industry is more than ready to make up for that short coming soon.

Chatbots can list out the reasons.. but being politically stable & neutral helped the most.. sold msia worldwide

Thanks for the input! Very informative and easy to understand 😊

Hard working Malaysian

No good ! Investment will retreat and nearby country will not shop more ......

It's bad!!! I need a good conversion rate 😅😂