The TRUTH Behind Why The Ringgit is Falling but The SGD isn't.

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The value of the Malaysian ringgit has declined significantly against the US dollar and the Singapore dollar. Has our government devalued it or are other countries just strengthening their currency? Despite that, companies like Tesla, Amazon and Texas Instruments plan to invest into Malaysia. A truly interesting time indeed for our nation, if you're curious to know more, find out in this video!
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Опубликовано:

19 июл 2023

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Комментарии : 947

@Michaelwilliams89033 Год назад

I once went on a vacation with my family to Singapore and i was really amazed with the structures i saw, The unmentioned factor is that everyone works hard. They have had an unbelievable work ethic. The pioneer generation were given a good opportunity by an intelligent government, but they worked hard to improve themselves. Another unmentioned thing is the significant economic pressure on working families.

@Michaelwilliams89033 Год назад

You're right! If you are unfamiliar with the market, I recommend seeking advice or assistance from a financial coach. With the help of an investment advisor, I have diversified my $250k portfolio across multiple markets, We were able to generate over $685k in net income from seasonally high-dividend stocks, ETFs and bonds. For me, this is the most ideal way to enter the market these days.

@Michaelwilliams89033 Год назад

@pamelaparis1659 Sure, the investment-advisor that guides me is "Marcia Ann Bice , she popular and has quite a following, so it shouldn't be a hassle to find her, just search her.

@ang1852 Год назад

Not every Singaporean works hard. Like me, I'm surfing the net everyday. Hongkongers used to pride themselves as very hardworking. and then what ? a large number of them have to migrate out of Hong Kong to Singapore. and they bring with them that super hardworking Capitalist mentality, and some Singaporeans will have to go to Malaysia. In this present world, we work smart not work hard, within ethical considerations.

@Michaelwilliams89033 Год назад

@@ang1852 That’s exactly my point

@Michaelwilliams89033 Год назад

@@ang1852 why did you think I quite my job and started investing in the stock market under the guidance of Marcia Ann Bice

@kachrachi Год назад

I'm a foreigner living in Malaysia and frequently travel around ASEAN. Let me share my funny observation below: Thai baht falls. Thais say it's ok, global trend Peso falls. Filipinos say it's fine, global trend Dong falls. Vietnamese don't notice Ringgit falls. Malaysians say country no good lah, government corrupt lah, look at Singapore lah. I find this funny :)

@lingth Год назад

Because Malaysia and Singapore share a LAND link, and more cross border trade happens between the 2 countries than Singapore to Thailand or Philpphines or Vietnam.

@Mozely374 Год назад

Malaysia seeing Singapore as their ideal image of development with ideal consumerism life where everybody can purchase everything with their strong dollar. While little to none Malaysian thinks about advantage of weaker currency fo their export. Everybody wants to blame government and want the 6 months government to be overthrown because they think government already failed at controlling goods & prices while the truth is even their idolized developed neighbour like Singapore struggling a lot with everything prices hikes like insane. Still taking time for Malaysians to realize all currencies correcting its market value as measure to recover from pandemic

@lingth Год назад

@@Mozely374 true while Singapore is struggling with prices, i think at least Singaporeans get GST Credits ..from cash to rebates on utilities bills and such to help out a bit.. i wonder if Malaysia gives out cash to help its citizens in 2023.. i certainly hope so..

@loyc8099 Год назад

It's a free fall for Ringgit. Ringgit is the worst performed currency in Asia after Japanese Yen. And Malaysians sure complain la, cannot go shopping and have cheap holiday in Thailand, Indonesia liao hahaha

@lingth Год назад

@@loyc8099 its not just about travelling, many products are imported, your iPhone, or your Galaxy, your next Computer, your car, i mean the Tesla Y is at RM199,000 but if 1 USD is 5 Ringgit will it still be at RM199,000? i wonder because it will just mean its a loss to the company in USD. Malaysia has become a net importer for crude oil already, so since crude oil is priced in USD, and if a barrel is at 90 USD, a falling ringgit means it costs more which in turn means either the govt has to subsidy more at the pumps and electricity, or pass on the increase to Malaysians which means price hike at the pump, a continued subsidy means it bigger drain on country's finances also.

@kingcrab8026 Год назад

The Ringgit surely failed and the Politicians just do not want to admit it. Its true some factor beyond anyone control, but accountability does not exist in their realm.

@qahlur6679 Год назад

I assume you have watched the video without understanding the point. Weak Ringgit affects the citizen directly because of higher cost of living. However, at the same time, weak ringgit is beneficial if you are a local exporter because you can benefit from the foreigners currency. As you can see, right now, there are a lot of investors such as Tesla in the automative industry Texas Instruments among many other investors who is taking this opportunity to set up their factories in Malaysia. Now ask yourself, in few years you will face hardships and struggles but imagine what Malaysia would be like in 10 years time? We will accommodate hundreds of new investors, thanks to our current low Ringgit value.

@Mozely374 11 месяцев назад

Ringgit is not fail yet because ringgit has not extremely hyperinflated like zimbabwe dollar. It is just weaken

@jameslim3850 11 месяцев назад

Anwar and PH DAP does NOT have a clue how to manage the economy and its people thats why RM drop so much recently and worse less business & jobs for Malaysians . all they do everyday is to distract the rakyat from their poor performances by talking about corruption and racism but without doing their work.

@mohdazminishak6387 9 месяцев назад

Contoh pelajar tak faham apa cikgu ajar dalam kelas…penat Mr Money buat video

@SgForeverSg Год назад

This is a clearest simplest explanation of exchange rates I’ve seen in a very long while. Maybe overly simple but then also very clear. The right balance. Always felt Malaysia would do well given its “optimal” size and resources but has been let down by its government. But even then, the government was probably playing to what they thought (rightly or wrongly, with or without their own agenda) people wanted? Always thought Anwar would be able to really run the country, take it to its potential , if he can stay in power. As for exchange rates itself, what people are probably complaining about is what they see, the rates they get, the news they hear. That’s real and do affect them. Yes, it’s a long term, and possibly good monetary policy but that’s not what the people face daily and I suppose, not a government that they totally trust yet.

@NazriB 11 месяцев назад

Lies again? Rambo Team Raw Talk

@AlohaSuckBar真神吧 Год назад

Though weak ringgit is good for Malaysia economic fundamentals, unfortunately I didn’t experience the benefit it brings to the table at all, in fact life seems harder

@afendiyusuf4284 Год назад

what a bullshit and low class mentality ... eating too many rafizi formula 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

@andyleeatp8188 Год назад

This is because the fall of ringgit rate is way faster than the rate of export . So we are losing instead of gaining.

@user-tf8ib2hb7i Год назад

weak ringgit good for export sector or related segment of economy.... if u not involve, then definitely bad for u la... coz ur income not increase by higher sales of exporting goods.

@ST3066K Год назад

A weak ringgit with stagnant income, of course life is gonna be harder.

@zerocalvin Год назад

like Mr. Money said, it's for the good of Malaysia dont you know? so what if the people living in Malaysia are suffering... that doesnt matter, i mean it's not like Malaysian contribute to the Malaysia economy or something....

@MalcolmFMQ Год назад

There is another perspective to the weakened ringgit. While lower rate can improve fundamental economics of the country with better competitiveness in export (in theory), the benefits of such improvement only applicable to some sectors of the economy particularly the commercial businesses. Other people in the country can be severely impacted by the same lower rate of exchange. Furthermore, not all exporting companies can enjoy better competitiveness with the lower rate if their products also contained high percentage of imported materials. Their costs will be higher, too, which resulting in higher prices of their products to maintain profit margins. The strength of the currency is the result and sign of prosperity of a country. The deteriorating value of ringgit does not bode well for the future of Malaysia. It needs to be controlled and even reversed. Trying to depend on lower exchange rate of the country to attract new investment is not a long term economic strategy. It means keeping our working class people poor to remain competitive. This doesn't make sense. Oh yeah, I am kinda retired. It means my purchasing power is diminished especially if I travel overseas with the weaker ringgit.

@vincentchanbiz Год назад

Finally someone who understand economics. There is a reason why China refuse to devalue the RMB. Weak ringgit is fantastic if your country relies on export and wants to reduce reliance on imports. Sure, weak ringgit means you can't splurge on the next Europe trip, but that's the point right: to increase domestic spending and reduce overseas spending.

@ebcho1 Год назад

Plus the wages don't keep up with the rising cost of living and that's why the brain drain will continue on and I am one those in that bandwagon and the JB-SG causeway will continue to be heavily jammed up.

@johnong2655 Год назад

We a country of low-tech manufacturing, and the lower rate doesn't seem to do much. Only exposes us to the exploitation of our commodities, benefits the country who are importing and shows we're lazy

@Nathangoh12345 Год назад

It’s just like any other product You increase the quality and price to sell less or you reduce the quality and price to sell more. Perception of it goes hand in hand. But even thought you might argue both give you the same value, but the premium quality item has a larger available margin to cut when the tough times come, compared to the low price product that cannot increase its price But the first 2 comments are still the main points well done ppl

@muhammadnizamuddin2084 Год назад

@@johnong2655why a lot of middle east countries have strong currency although they imported most of their necessity? they've nothing except oil and sand 😅

@NopalTheRock Год назад

Man, if only JKOM have this level of presentation. But amazing edit as always

@loyc8099 Год назад

JKOM is rubbish. Look at the propaganda they present. It's even worse than what uni students can do

@jameslim3850 11 месяцев назад

@Kikasa23 Год назад

I heard those Malaysian working in Singapore are laughing to their banks. They are thrilled working in Singapore

@ckokloong Год назад

Ringgit depreciates is a short term problem. If we can fix our economic fundamentals, our GDP will increase to compensate for the depreciation. Keep getting foreign investment, improve productivity. Malaysia boleh!

@lingth Год назад

While Malaysia seeks to attract brands like Tesla, the reason why Tesla, wants to come to Malaysia is for the CHEAP labor and use it as a manufacturing plant but Elon Musk knows very well how many Malaysians can afford a Tesla? Singapore tries to attract companies to make them the R&D center, like DYSON for example, as they have the talents for it to design, create, prototype new ideas, but leave the assembly to that of the robots or a cheaper labor country. i think Malaysia need to break out of the "Come to us, cos we are cheap and good", ideology, and Spruce up its workforce from the farmer that uses a tractor to plough the fields to a high tech farmer that monitors the soil condition, water level from the central control room. from the "Made in Malaysia" to the "Designed in Malaysia" as they say from the Potato chips to the Fish and Chips to the Microchips.. from the country to go to for cheap surgery, to the country that has a breakthrough in New cancer treatment or stem cell research..etc. for that Malaysia need to fix a lot of its infrastructure, imagine if you have a factory with goods to be sent to the Port for shipment but your trucks cant make it to the port due to heavy floods and road closures, or your staff cannot come in on time due to floods and/or jams and you resulted in loss of man hours from it.

@shaunsim3188 Год назад

News is Tesla is not building factories, but some sales centre or something

@lingth Год назад

@@Repeuh i think its because back then both countries are a part of one another as the Malaya, before Singapore was asked to leave, Singapore's views for all races to have equal opportunties dun bode well for Malaysia who wanted Malays to have advantages over other races. i guess in the end, the policies you adopt, make the country you are.

@wsk1124 Год назад

Tesla only come to sell, not creating plant. There won’t be much of job created. Open your eye malaysian.

@zekeaffy9647 Год назад

@@lingth hmmm makes sense, I know why malays wanted to be in control of the country, Im against the western open minded ideologies such as LGBT, and a lot more. Im a malay and against that idea, Im sure the leaders of Malays are too. Unless we can get that Pro LGBT and anti Islam out of the way, then I think we would agree on a better more open policy like PMX is slowly trying to do, a lot of non Malays and Malays dont realize how dangerous LGBT and Anti Islam ideologies are to this country, LGBT means no childbirth, Anti Islam means no Bank Islam (a bank that practices no interest rate policy) I have gone overboard with that thought, but this is what I thought. We malays are more afraid of the parties such as DAP and PAS that is pro and extremist in many things, unless these issues can be resolved then better polices can be formed.

@lingth Год назад

@@zekeaffy9647 Malaysia need to break out the Malaysia is for Malays, and bumiputra policies, things like reserving slots of Malays in Uni, are whats stopping universities in Malaysia from being world class, if you have the luxury of having slots for you, then you will never feel the need to compete with the world. America never say their uni are for americans only.. they made it far cos America was always the land of opportunities, and as long as you are willing to work hard, fortune is urs, but for Malaysia.. ppl feel even if i work hard, opportunites are tweaked to Malays, so for a chinese malaysian will never get to the top. You will never see a Chinese Malaysian PM, or a Chinese Malaysian general, Or a Chinese Malaysian Finance Minister formerly a business tycoon.. because the top spots are by Malays who make policies for Malays, who are mostly in the lower to mid income groups.. even the teachers who teaches the next gen of young leaders are not from the top 5% of the best grads and paid well. so in the end, those who want to get to the top.. end up send their kids overseas to study and move ahead..and work overseas. only using Malaysia as a place to retire or settle down after they made it overseas.

@chavezchavo Год назад

I don't exactly blame Bank Negara's decision. It's a tough balancing act.

@haniff9 Год назад

Thanks for explaining these beautifully. In the end , everything has its pros and cons

@Ghe480 11 месяцев назад

Question. If Spore using a basket of currency work well for Sing dollar, why don’t Msia MOF follow suit? The basket of currency methodology is not patented, right? When i was a schoolboy, a haircut is about MYR $0.10. Recently just when for a hair cut. Just cut only. Cost me MYR$17. A small packet of simple nasi lemak cost me MYR $0.10 or with egg it is MYR $0.20. Now….simple nasi lemak is MYR $2.80

@huishengong1143 11 месяцев назад

Actually Malaysia did tht before. Tht is pegging of Malaysia Ringgit during 1997 financial crisis. Fixing currency is not sustainable long term. Also it's Bank Negara Malaysia managing our currency, not MOF..

@huishengong1143 11 месяцев назад

Also Singapore is dependent on import. So, it makes sense tht fixing currency is a way to go. Quite the contrary, Malaysia is a country dependent on manufacturing. Hence, weaker ringgit makes sense for malaysia to boost export and attract foreign investment to build factory in Malaysia..

@Slla-th5vt 11 дней назад

Because Singapore has a large foreign currency reserve to maintain the value of the SG dollar against the basket of currencies. It is a strategy that requires deep pockets. And Malaysia does not have that deep pocket because they spend whatever money they have on government subsidies and government expenditure wastage.

@kennytan5055 Год назад

the growth of the country's economy should not be at the expenses of the people. The high cost of living will make everyone especially the low-income suffer.

@huishengong1143 11 месяцев назад

But increasing interest rate to match USD will make ppl angry either. Imagine having loan repayment for car, house, personal loan, credit card loan etc increases due to higher interest rate.

@ClementChai Год назад

It is just about the numbers. A lot if not majority of people forgot that the fall of the ringgit against the Sgd has been happening for the past 50 or so years. If it has been falling for so long the explanation given here is not entirely correct. The ringgit has always been falling against the Singapore dollar, from SGD 1=RM 1 over 50 yrs ago till now SGD 1=RM 3.5. You did not say why is this happening . Why is it RM kept falling for the past 50 yrs or so. It will continue to fall to perhaps SGD 1=RM 4 by 2030.

@TFRO_madRobots 7 месяцев назад

Yes. You can't expect something like that out of non technical content creators like this. You often have many questions unanswered, in fact most of what you came for in the first place

@paullee6414 Год назад

SGD is stronger than Canadian, Australian and New Zealand currency now. Soon it will be 1 SGD to 1 USD and 1 SGD to RM5 in 2025.

@tedchandran Год назад

Jai Hinduja. Cheep, Cheep, Cheep

@ishaks8152 Год назад

Should include ppp in the comparison and we are much better of.

@V.II. Год назад

@@Repeuhcopium

@LOLLMFAOLOLLMFAOLOL Год назад

FYI, SG is run by puppet gov n populated by 3rd class citizen mainly from southern china…thanks to Lim Kuan Yiew for his colonial foodpicker mentality who saved SG from slump/triad/prostitution/gambling/drug trafficking in 1970s…without USD…SGD, the citizen and the country = garbage…fyi southern china is well known as foofpicker in western economy/democracy…failed nation who has no history in governance n economy…clear apekkk?

@V.II. Год назад

@@Repeuh pull those numbers out of arse ya? Copium

@nanhinting7447 Год назад

When tons of Malaysians flock to Singapore to work and not the other way round, that's good enough to prove its failure beyond doubts.

@adamiskandar5107 Год назад

Indeed, the fundamentals of the economy is more important than the short term fluctuations of the ringgit and the greatest improvement by the UG is its consistent battle against corruption. When the battle is won against systemic corruption, the Malaysian economy can be restructured to be more efficient and the benefit of economic growth would be felt by all Malaysian citizens instead of being limited to a privileged class (the existing Rich and politically connected people aka Rent seekers).

@kaimazlan5883 Год назад

well explained! keep up with the content.

@user-zb3pu7he4v Год назад

This video discusses the reasons why the Malaysian Ringgit has been falling compared to the Singaporean Dollar. It explains that Malaysia determines its currency value based on demand and supply, while Singapore directly buys and sells its currency to maintain a certain range. This difference in approach has led to the Ringgit depreciating more compared to the Singapore Dollar. The video also highlights Malaysia's decision to unpeg the Ringgit, which has allowed the country to respond to market forces and attract foreign investors, while also emphasizing that the value of the currency is just one aspect of Malaysia's economic strength.

@RionellKoay 9 месяцев назад

So can I understand as Singapore are pegging to a bucket of currency ? As foreshadow by HK policy?

@seanl1089 Год назад

got damn that vox style editting, i thought this new channel dy i found

@Zaza-ev1wz Год назад

To answer the question, yes we failed

@JC-uz3ey 11 месяцев назад

Articulate and easy to understand. Thank you for your analysis and insights!

@cktan2739 Год назад

A very informative video. Well done!

@shudoy9386 Год назад

Another thing is Malaysia prioritise Religion and Race whereas Singapore prioritise how to make their currency stronger and stable than Malaysia's. Notice that day when Singapore left Malaysia, currency value at that time was the same for both countries. And after that, Sing Dollor slowly catching up USD value whereas Ringgit Malaysia slowly going downhill. Malays here are just simply too lax, too lazy, and because Mahathir announced the Bumiputra status with special privileges for the Malays, they didn't have to worry about their future anymore because this status guarantees them a better life; the government can help feeding the lazy poor, therefore they could care less about Malaysia Ringgit value depreciating. If you read comments from Malays, you'll see them mostly say about "If you don't like it, you can leave Malaysia" or "You should be thankful that your ancestors agreed this and that and brought you here". These Malays are way way too comfortable and thus the "Hidup dpt makan cukup sudah" and "Tk payah cari duit lebih utk masa depan, kerja slow slow, jgn mcm org Cina gila cpt2 cari duit beli rumah dulu" culture are born. The end result is? A lot of talented Malaysians left the country and make their selected foreign countries like Singapore stronger. See why Grab founder started business in Singapore and not Malaysia. Malaysia is a country known to feed foreign countries with talented people and leave Malaysia with just the poor untalented people, thus unable to make Malaysia stronger than Singapore. Sad indeed.

@scp_sixtynine4203 Год назад

When I went genting for vacation, I met this elderly Chinese uncle who drove me out of the location. He was telling me how all his children who graduated top of the class in Malaysia were unable to find a matching course in college. So, they came over to Singapore for a govt scholarship and uni placement, both of which would guarantee them a job here. Equality is not just a word, it's a mantra

@akmalhafiz8763 11 месяцев назад

Nothing to do with currency

@debishvebishwish4839 11 месяцев назад

@@akmalhafiz8763 if the country is a racist country, no one wanna do business with you thus no money for you guys 😂😂😂

@cibaichow4924 11 месяцев назад

You're indeed an idiot.

@Mozely374 11 месяцев назад

@@akmalhafiz8763yes . This has something to do with currency. Since Singapore priority is empowering their people by meritocracy and transparency by serious measure on combatting corruption, they were now succeed at pursuing their dream to become amongst 10 wealthiest country per capita. Malaysia lacked of this value thus no matter how pragmatic and proactive BNM try to defend the ringgit value, if Malaysia economy was only favors the bumis especially ketuanan malays, we will never see the actual productivity potential in this country but instead the money that means to be maximalise the productivity potential all spend to fuel the welfare of the previleged group of bumis. Corruption perceptions are still high and bumis; the most previleged groups, are the major contributors. No wonder why weakening ringgit would not empower our economy if your racial previleges kills other races potential to contribute and strengtheb the nation economy

@secrets.295 Год назад

The Ringgit has been under so many pressure for almost ten years. It starts from end of 2014 when oil & commodity prices started going down, then due to Najib with his 1MDB scandal, then with LGE reckless performance as finance minister, then the fall of the PH government, then the terrible performance of PN, then PH failure to gain support from Malys. BNM can intervene to some extent but investors confidence is more important to create stability in the Ringgit

@toshiiscrazy Год назад

Just a regular Malaysian down the next lorong. This is great content, today I learned something new.

@leonwangls Год назад

Sure, weak ringgit help rich exporters. But 99% of the people are not in this segment. So whole the rich exporters enjoy the weak ringgit. The poor can only have roti chanei.

@ang1852 Год назад

This means the Capitalists has advantage. If the Capitalists is local manufacturers, then the money stays in Malaysia. If the Companies are Foreign owned, definitely some capitals flow outwards. and there is a need to uphold the rights of workers, as working conditions can become very bad, as we have seen in China, some lower level workers not getting the full pay as promised .

@hindun9645 Год назад

Looking at the history of ringgit, it keeps falling and never recover.

@izzuddinmnasir4884 Год назад

In 80s and 90s, Nasi Campur was about rm2. Now rm10. RM2000 and RM4000 are the same value 10 years apart. I cant imagine in the next 10 years RM4000 would be SPM freshgrads

@mohdzulfadlizulkifli2614 Год назад

Ya comapare to SGD now 3.4, aroung 199+ SGD only 1.++ .. They keep raise

@jshamid Год назад

@@mohdzulfadlizulkifli2614 even chicken rise in sg has crossed SGD 6 instead of SGD 3 before.

@user-um8wi5ym4y Год назад

@@jshamid Chicken rice is usually between SGD 3.50 to SGD 4.50. SGD 6 chicken rice mostly only tourists eat.

@finding_aether Год назад

Aiyah. Simple reason is Malaysia govt print more money than SG govt. Everything else is bullshit from the govt mouth.

@alifboyka1994 Год назад

Imagine if the MOF Minister is from PN and the same thing happened. The whole comment section will be flooded by far-left extremist. 🤣

@SangAyie 11 месяцев назад

The exchange rate monetary policy only works in small countries like singapore and Brunei. If malaysia, indonesia or thailand to implement such policy there going to be a big gap between wealth among rural and urban communities.

@joeleongkc2843 11 месяцев назад

Imagine what kinda comments from those far right been flooding the social media of all sorts whacking the current government. Hahaha... Feel me bro? Whoever is governing is expected to get the same shit.

@malaysiaboleh224 11 месяцев назад

Doesn’t matter if u r Phbnpn muda or whatever, if u react too aggressively to short term fluctuations of our Malaysian ringgit then u really need some education on economic

@miaya3898 Год назад

The ringgit is falling because there's no demand for it. No one wants it.

@lestersys 11 месяцев назад

Singaporeans want it every time they cross the border... Have you seen the queues at money changers every time the RM hits a low? 😂

@heartsmich6208 11 месяцев назад

Come on its still considered a strong currency compared to others. Dont beat ringgit down. And this is coming from a Singaporean.

@miaya3898 11 месяцев назад

@@heartsmich6208 Malaysia's economy is export dependent. It would be detrimental for them to have a strong currency.

@azmanrahim9226 11 месяцев назад

I am sorry..not visiting Singapore anytime soon since my friend recently had food (nasi kandar) which cost rm 50...thank you.

@azmanrahim9226 11 месяцев назад

Nasi kandar in singapore.

@MiseryBearAndFriends 9 месяцев назад

I think this is not about two countries but a sample of how a country which does not have any natural resources nor financially wealthy during independence has been so successful just by good governance, hard work, less corruption and equal playing field for all. I’m not a Singaporean but I admire their system and how they have made it. Every Asian country can do what Singapore did but will they?

@weslyjanuang9506 Год назад

Thank you sir for the explanation....

@malayncholy7543 Год назад

Very very informative video. Thanks!!!

@athan7199 Год назад

why is none of the vloggers talk about malaysian billionaires selling the ringgit to drop the value so that the UG can be toppled!!

@zarith87 5 месяцев назад

i know this is an old post.. even it is true.. its too small to influenced the currency.. its more about money supply in the malaysia Open Market Operations between banks and BNM... money supply M1 is about 600000Million, M2 M3 are even 2 to 3 times bigger.. not possible for a single business man to influence the currency..

@weeeweee8940 Год назад

Why take SGD as your comparison? Both countries are on different spectrum. One is an economic success story and the other a failure in all aspects. Compare apple to apple please.

@fikrie_ Год назад

i wonder if Walauntit aware and wanted to understand this, or they still keep stone headed waiting for Rafizi Formula slapped into their face.

@josejerrycalubiran8109 Год назад

Good content about what is good for the country.

@aimdanish Год назад

Love the video editing.

@kkchong3617 Год назад

As what you mentioned , a weaken Ringgit is good for company doing business on import/export but how many fellas are doing this business?

@zarith87 Год назад

growing export = more job opportunities... more jobs means people buy more local goods and services.. so even mamak shop & kedai makcik jual nasik lemak will gain in revenues...

@Bluebeachmango Год назад

Learn pls

@LOLLMFAOLOLLMFAOLOL Год назад

@ganzhu3380 Год назад

Yes more job opportunities but your job salary is eaten up by inflation . While the rich ceos get richer by increasing their own salary to counter inflation and the poor working class continue to die from inflation from a stagnant salary . That is why you see the lying flat society in china where there is no point working when work can't get you anywhere and can't even secure your retirement . Good luck with that

@nikmohdfazlinikibrahim6456 Год назад

why ringgit is falling? the answer is simple, anwar, yes anwar ibrahim, the man whom you are all admire. He is the reason why ringgit is falling. If you observed his leadership style closely, you will see that he is not a guy like mahathir and najib, who's spending on big and mega projects so that the spillover money will flow into citizen's pocket, a healthy economic cycle. Anwar, he is a thrifty guy, the guy who cut the expenditure, cutting cost everywhere, but he does not aware that by doing that, the economic cycle will shrink, less money will be cycled, and less money will be owned by citizen. Slowly it will affect small and medium business, and once it reach a critical point will affect large business and suddenly, people is out of job everywhere. And here comes the economy crisis like 98, similar story.

@tky0414 Год назад

The one who decide to cut big project is not anwar, its Mahathir this bastard.

@Choonzord Год назад

loved this!

@izzuddinmnasir4884 Год назад

This is how FIAT money works, looks good in 80s 90s era until it hit hard in the future

@amgong44 Год назад

I am a Malaysian, i find the video sounds too optimistic and like we are heading the right path somewhat makes me feel the youtuber is trying to tell good story about the government Yes, we want and prefer Anwar government, but seems like there is bigger structural problem underneath yeah? During my mum’s time, SGD was like 1.3, 1.5 to myr. The gap is widening, and almost everybody knows that

@timloo6191 Год назад

That was long time ago when I was a kid

@timloo6191 Год назад

Plus during the 70s, it's 1 to 1

@kengleetan63 Год назад

LKY told the Tungku 60 over yrs ago the Bumiputra cannot run the country before Singapore split. Not only currency but property value in Boleh land are almost a total lost. So after 60 yrs , Boleh land neither have the trillion dollar reserve nor the right type of ppl to run the country!

@adrinfpv Год назад

In other words, BNM setting via OPR is free no need to use reserve money. Singapore method, have to use money, which is countries money anyway

@lansiman Год назад

not just SGD, we are now 7.38 thai baht to a ringgit now

@fantasy7jazz Год назад

Malaysia failed since 1997 until today and never wake up,the major reason tesla in malaysia but not Singapore or Thailand, because no need given 30% share to local prince. And after many year obviously singapore country system is correct. Anyway malaysian still prefer Malaysia style.

@AndrewDell-su9bu Год назад

Nope Malaysia is becoming global superpower by 2030

@fantasy7jazz Год назад

@@AndrewDell-su9bu yes just like wawasan 2020

@LOLLMFAOLOLLMFAOLOL Год назад

@MrTeoh6100 Год назад

because Malaysian government made any decision base on earn support from rural malay rather than it improve entire Malaysia economy

@zerocalvin Год назад

@@AndrewDell-su9bu isnt that was suppose to happen in 2020? yeah... some how i really doubt that would happen in 2030, if they cant reach the goal with 21 years, what makes you think they could reach it in 7 years? i really doubt that malaysia would become a global superpower within the next 100 years.

@elleteo Год назад

Ehhh.. whilst it sounds like a reasonable explanation to the Malaysian govt’s grand plan, have their considered how tough it is fr the citizens ? Say , you earn RM5000 a month and you have to pay RM12 for a plate of fried rice , but in Singapore , you can earn SGD$5000 and you only pay SGD$5 for a plate of fried rice

@ericlai3221 Год назад

Great stuff guys

@michaelstone5139 Год назад

Very good work!

@rbt4196 Год назад

I think we need to focus more on our economy. I think the reason why this depreciation happens is because of the tourism and the hospitality sector. Back then, our tourism was booming and we were having a lot foreigners mostly from America, Europe and Asia. When looking at Singapore, the tourism has not been stopped since the pandemic. And also, they stopped the attraction such as the Formula one race and other events. These events organised can bring and attract new comers into our country. Another factor can be also the open policy of Malaysia and the expansions of all business sectors. I just hope the ringgit can bounce back. It is not looking good since the pandemic.

@shaunsim3188 Год назад

Yes tourists are important, but so are issues of talent, red tape, flip flops policies of mahatiar that don’t give confidence to any investors either in public projects or private investors like in properties. I got with clob trading, recent cancellations of Kl Singapore high speed rail, change of RTS to light rail train, the company running the rail. Singapore had light rail for about 20years, this system works if it’s a short distance and Low commute traffic, expect breakdowns as it’s high maintenance to run.

@shaunsim3188 Год назад

Why a change of Pm or Government, contractors also must change? Put on your thinking cap. If politicians put their own interest before the common good, these happens, another example is Taiwan,but at least in msia there are no blackouts or water rations as frequently or threats unlike taiwan

@shamshulanuar7718 Год назад

@@shaunsim3188the main reason is we made a blunder by reverting to SST

@tanyeesiang Год назад

Malaysia in many way is going down the drain. It will soon took over by religion extremist and no turning back

@Coup0705 Год назад

@@shaunsim3188 How to compare Taiwan to Malaysia? Taiwan is 9 times smaller, no natural resources like oil. Malaysia weak ringgit has it best talent leaving to work in Singapore.

@MuhazamCSE Год назад

Bro, the reason ringgit went down starting roughly around 2018 was because the Rakyat failed to choose a competent government in 2018 who also had stopped GST which should have boost nation's economy by increasing tax income. No need spin spin la. By mid 2024 if they starts to print more ringgit because it still going down, then the entire country is doomed. Let us see then.

@muhdmat8454 Год назад

Should bring back GST 6%

@cpteoh7134 Год назад

bro, no need to spin spin la, ringgit went down starting Tunku Abdul Rahman stepping down from 1 to 1 to Singapore dollar until 0.29 to 1 Singapore dollar.

@MuhazamCSE Год назад

@@cpteoh7134 Bro nobody talk about that la. Ancient exchange rate has no relevant because the long period after that was a stabilization of that exchg value. What are YOU trying to spin?

@asiaone9609 Год назад

@@cpteoh7134aiyoo you are spin foot! Nobody talking about ancient Ringgit currency! We talking about back 2018, incompetent government at that time make Ringgit fall far away 😂

@cpteoh7134 Год назад

@@MuhazamCSE haha, what were you trying to say also spinning, what stabilize you are talking about? from 1 to 1 exchange rate until today 3.42, u call this stabilize? You guys are really very good at spinning.

@twong6531 Год назад

A currency's directional bias is tuned by 1. market perception/sentiment - Malaysia has a lot to redeem here; 2. capital account surplus/deficit and how many the central bank has in store to cover how many months of imports and mount a defence should a speculative attack affronts - again, Malaysia falls short; 3. composition of its export profile. in this case, Malaysia wins given higher oil prices would head higher, eventually Malaysia got here (weak currency) thanks to a rather distorted approach to peg the RGT by then PM Dr M. Hangus.

@raj21077 11 месяцев назад

You guys are still amazing. Don't let the currency rates tell you otherwise

@desmondchang4024 Год назад

Simple rich people all over asia parking their money in sg

@balangracegracee4161 2 месяца назад

Rich buy property in singapore. Hide their money in dollars. Cannot see by people 😂😂😂. Very smart

@slyztercoreveanged3175 Год назад

well the thing is when PN become gov and ringgit drop they not explained and just blaming the gov. But when PH become gov and ringgit drop some more they praise the PH and said it attract outsider.

@LiquidGold_8 Год назад

Yes hahah its funny and true

@tky0414 Год назад

what exactly PN gov do at that time? what big investor that they attracted? mind to enlighten me?

@raymondhartono Год назад

Love your content!

@Ray-gr4uh Год назад

Glad that you explained about MAS’s unique $NEER policy.

@roticanai7404 Год назад

When PH became opposition they always blame government when BNM raise opr..now they tell rakyat go ask BNM 😂

@muhdmat8454 Год назад

Those are 2 different time zones, one is pre-covid and another is post-covid. Raising opr post-covid isn't a bad thing

@roticanai7404 Год назад

@@muhdmat8454 subjek pemahaman kau mesti failed kan.. Point aku kerajaan tak ada kuasa nak tentukan naik turun OPR..tu kerja BNM tapi PH pandai hasut tipu rakyat kata kerajaan yang ada pengaruh naikkan OPR..

@muhdmat8454 Год назад

@@roticanai7404 tu politik biasa la kan

@Bluebeachmango Год назад

Cry a

@asiaone9609 Год назад

Because PH IS FUCKI* IDIO* GOVERNMENT 😂

@Sam-xt6qm 11 месяцев назад

The Speaker's point about the USD liquidity reserve in HKSAR has dropped by 90% since 2021 is largely incorrect. 😅 Pls Google:- The foreign currency reserve assets of Hong Kong at the end of March 2023 amounted to US$430. billion. The total foreign currency reserve assets of US$430. billion represent over five times the currency in circulation or about 41% of Hong Kong dollar M3. (Compared to Malaysia's US$102B in June 2023.) Since Malaysia is in good term to HKSAR after our CE Lee's visit last week, your Financial Minister can seek help from our Gov. as well?

@microsatellites Год назад

Very good analysis.

@mohdpolaris3403 Год назад

Its a ripe time to change the reserve currency, FED knows this so FEDNow is to be launched on July 20, this year. Thereafter, you can expect financial issues pop up that the fiat debt based money will be soon replaced by gold backed alongside tokenized money.

@mfahanar8219 Год назад

Malaysia 1 usd - RM 4.54 UPDATED today.

@joshconsultancy Год назад

Good explaination guys 👍

@cyrusboon2842 11 месяцев назад

Lower currency helps exporters earn more money. But in malaysia wages are growing at such low rate therefore the money doesnt trickle down to the employees and get the share of that benefit. One example of how the rich gets richer. The ultra rich also dont store all their money in malaysia, they buy huge properties in London and australia and store their money in Swiss banks. Making the rich richer doesnt help average malaysians as money doesnt flow in the country.

@aiaunlimited2672 Год назад

short answer: YES WE FAILED MALAYSIA HAS FAILED WE WILL BE SRI-LANKA 2.0

@dev8653 11 месяцев назад

Poor management of country and economy is one of main reason ringgit going down .

@imjuzsayin..5017 Год назад

While previous speaker said Singapore follow US increase their rate. There're millions immigrant legal/illegal in Malaysia transfer money to their countries too.

@googooboyy Год назад

Manufacturing and an export-centric economy makes it critical to have the RM depreciate against a basket of its compatriots, as it seeks to boost its industry in the next decade. This is a long term move, even if short term it looks like it's failing, but it isn't.

@janetang2426 11 месяцев назад

@haziqrodli7103 2020due to Covid 19 pandemic economy slowed down.

@valorantpolice728 11 месяцев назад

When the ringgit starts weakening against the sing dollar during Dr M time , he tries to intervene the exchange rate by supporting the ringgit , guess what ? malaysia lost 5 billion ringgit , the lesson to learned is that you can not go against the fundamental

@GO-su3lf Год назад

i tried 12M TF SGD vs USD, CAD, EUR, HKD, GBP, CNY, and found that SGD will continue to goes up in the long run.

@spaideman7043 Год назад

even Warren Buffett couldn't predict that

@contrarian2496 Год назад

Unlike other currencies, SGD is the only currency that will appreciate in value overtime because of SG having the most stable political and economic stability in the world.

@spaideman7043 Год назад

@@contrarian2496 yea very stable, just like the recent dramas

@jer2911.L Год назад

@@spaideman7043 The recent dramas are a one off. Singapore is very stable because for the last fifty years they have been doing everything possible to be where they are at. They will continue to do so for their future. Can Malaysia project 50 years into the future? an example is Tuas Port.

@ifques30 Год назад

though its obvious mr money political inclination at the end of the video but its a really good explanation bout Malaysian currency. FYI the other side of the story takda la bro, yang ada basically the same vid in malay

@highend79 Год назад

Yes that a proper accessment, there is inflation in import items due to exchange rate but they are largely within acceptable range. The only problem which role we want to play in future global market.. Still undecided.

@DarkPa1adin Год назад

When the fundamentals of economy improves, let's hope theres no money corruption from the top, otherwise, no benefit goes to the people

@Glajdar Год назад

PH - Pakatan Hopeless

@DrChanIMH Год назад

If you keep increasing the prices of your exports of course the importing countries have to strengthen their currencies. Simple as that.

@Frothling Год назад

Malaysia FX reserve coverage is about 6 months of import cover, Hong Kong is at about 9-10 months. I am also not sure if interbank liquidity level is an indication that HKMA cannot sustain the peg and will break the peg. Even if HKMA decides to break the peg, I am not entirely sure if it will be due to 'running out of reserves'. With a almost 9% GDP growth in 2022, largely due to the fact that Malaysia is a net energy exporter, which has translated into significant trade surplus yet USDMYR still rose may suggest that exports receipts are not repatriated...

@thetabletopskirmisher Год назад

What do you think? I remember when Malaysia and Singapore split, their respective currencies were 1:1. Look at the ringgit now. Well done, those who’ve been in majority power for the last 60 years.

@chuageokseng2168 11 месяцев назад

Singapore practice good governance system while Malaysia dislikes.

@cyrusboon2842 11 месяцев назад

The 70% only care about race and religion. Because of that they cant even buy proper food for their children . Malaysian kids have a huge malnutrition problem mostly due to economy issue .

@jeremyxu8155 8 месяцев назад

In fact the Ringgit was stronger than the Singapore Dollars by about 4% in early 1970's, when you could see many Malaysians walked across the causeway in the evening to buy clothing, fruits and the like in Woodlands. In 2000, the exchange rate was 2 : 1.

@Sam-xt6qm 11 месяцев назад

Great Analysis.👍 As the ADB Expert Advisor to the Malaysian Govt. during 1993-94, l like to make a suggestion too. As the Speaker has rightly pointed out, Dr.M's Peg Rate during 1998-2005 was pretty effective. However, good action should continue, just like our Peg Rate at $7.8 since 1984 in HK. In fact, HKD fell from 5.1 (1981) to 9.6 (1983) against the USD, due to hiccups in the Sino-British negotiation and attacks by the Financial Crocodiles. So, our Gov. made a determined effort to peg it at $7.8, and problem solved since then. My suggestion is for Malaysia to learn from the HK experience by moving the exchange rate back to Dr.M's day of RM3.8 again. Despite Malaysia may not have sufficient National Reserve to back it up, but your Gov. could seek help from ADB/IMF and even OBOR's Asian Development Fund from China. 😂🎉 -- Sam, Prof. & Speaker, Oxford U. (HKSAR & UK Citizen)

@liewwengfoo573 11 месяцев назад

i would like to know what if our export rate is slower than ringgit depreciation rate, does it still make sense?

@Sam-xt6qm 11 месяцев назад

@@liewwengfoo573 That's why Malaysia needs a stable currency, and hence my suggestion. 😅

@liewwengfoo573 11 месяцев назад

@@Sam-xt6qm i c, thanks sam

@Nat_Ryder 11 месяцев назад

My father told me, when someone says "The truth is" he is lying.

@tkt3006 Год назад

"Our Story Has Just Begun" Erm. Singapore said that 50 years ago, and we are still trying to begin our story?

@edwinang3724 Год назад

it's like travelling in a sampan vs a submarine, peg has better control, if you have the money.

@dsbjn6749 Год назад

Singgapoh is the launder capital of Asia. Point that is often sidestepped. As not " pleasant " - this video included. Indonesia 🇮🇩 alone is a source of between usd 300 to 400 billions in illicit corrupt loot safely hoarded into Singgapoh banks and property markets. Add to that loot 💰 ++++ from : China Taiwan India Hong-Kong Then you get the full picture. At will pap Singgapoh convert these illicit funds into sgd - hence its exchange rate kawtimed. Understandd or not ? Orr ? Good lay lorr.

@muhammadzharifikmal7496 Год назад

Good explanation

@emmasim69 Год назад

Speaking of export, productivity comes into play. The RM has low buying power because of low productivity

@sathishsync Год назад

PAS should learn from this channel 😅😂

@riccc6125 Год назад

implying PAS has the capability to learn

@timotang8928 Год назад

@@riccc6125provided they understand English

@roticanai7404 Год назад

And now PH became government but still in opposition mentality..what a joke..

@MeteorX11 Год назад

naa.. pas mainly consist of waluan

@pewd6277 Год назад

Really agree 💯

@raymondlee8160 Год назад

4:50 Malaysia can't peg the ringgit vs dollar because the reserve base not there. Malaysia has only +/- $110billions foreign reserves. Malaysia M2 supply was rm2.3 trillions, source from dept.of statistics Malaysia. What if only 10% of the onshore fixed deposits ( total roundly rm 1 trillion) part of the M2 convert to USD, ringgit will collapse immediately. The BNM should raise the foreign currency reserve base as long as the increase of the M2 money supply.

@luqmanhaqim7248 10 месяцев назад

Sorry what is m2

@zarith87 5 месяцев назад

i know this is an old post.. no need to peg.. all we need is to correctly engineer the money supply M1 and M2 via taxes (GST the best) and Open Market Operations (OMO), according to the economy business cycle.. the problem was its all over the place when required to contract OMO they dint when require to expend OMO they dint.. so international investors are not confident our policy making..

@PincessSakura9 Год назад

Interesting views, thanks for providing us a simplistic explanation on the weakening MYR. Of course there are many viewpoints on how the weakening MYR will impact the Rakyat, regardless, i think this channel provides a way for the younger generation to get a better understanding of how interest rates, foreign exchange, economy works hand in hand. Liked the video.

@ligeringspirit1133 Год назад

No wonder barang mahal 😅seminggu 2 je harga roti meningkat

@marvint480 Год назад

To put it simply. Singapore does not reveal it's reserves. This is to prevent an attack on our currency like how Goerge Soros did to Thai Baht or British Stirling. Likewise our defence budget is secret as well. As a small nation we must be careful of larger nations.

@uwet.8826 Год назад

SG's defence budget is not a secret. It can be found on the Internet easily.

@marvint480 Год назад

@@uwet.8826 these are just brief numbers.

@kevinwongyw Год назад

Brilliant explanation

@travistai 11 месяцев назад

Superb content

@raymondlee8160 Год назад

3:15 I don't need to predict where the sing dollar will be heading, as long as there is high inflation rate in Singapore the basket of currencies will be adjusted accordingly. We see more inflation than deflation in the past and in future. Since Malaysia withdrew currency agreement in 1973. The value of Ringgit depreciated 2.5% annually against the sing dollar until 3.44 today.

@MrLittlecat123 Год назад

You explain the reason why "OPR" doesnt raise is because of pegging? Macam doesnt link... or it is my understanding issue? *I re-watch 3 times and all he explain are pegging...

@akmalafandi9844 Год назад

What i understand is that high opr can hurt the economy growth and by pegging the ringgit might cause our foreign reserves sebab mahal

@markkoh888 9 месяцев назад

I will never forget what Dr. M did during 1997-1998 financial crisis. Beside pegging RM$ to US$, the Malaysia government froze CLOB accounts in 1998! Many of these CLOB investors are Singaporean, who put their hard earned money to support Malaysia Companies, are "GONE"!! Ever since that incident, me and many of my Singaporean investor friends avoid investing in Malaysia. Even after ~25yrs have passed, we still remember it very clearly. Should have listened to LKY advise, beware of Malaysia govt policy, they like to "ROTI PRATA"

@mindislife2.084 21 день назад

Ringgit was 2.6 to SGD1. After the 1MDB case became public and official, it became RM3 to SGD1. Before the recent case where a former PM's son in law ran off to another country, the RM went from 3.2 to 3.7. With each massive corruption being exposed, the RM drops further. It doesn't help when you got politicians stealing billions and millions.

@clancywong Год назад

😅 It's not Rocket science 😅 In Msia, everything under the Sun has been racialized n demonised. Since Merdeka, every govt policy is race based. Whether it's education or economy or even housing 😅. Not forgetting sports also.