The Malaysian ringgit is stronger in 2024 due to several factors: a robust economic recovery driven by exports in electronics and commodities, high global commodity prices for palm oil and natural gas, and prudent monetary policies from Bank Negara Malaysia. Additionally, a weaker U.S. dollar and increased foreign investments have boosted the ringgit's strength. Positive investor sentiment towards Malaysia's political stability and green economy initiatives also contributed.
Hi Emir, I like your video so much. You are so great at analyzing the financial situation of Ringgit. Hopefully the Ringgit will continue to grow to 4 or below that versus USD. I would appreciate mucb if you could also do some analysis on MYR/THB as to why our currency versus the Thai Baht is not veru stable? Thank you
I believe that not only different interest rate, but also how Malaysian central bank has kept a same interest for the whole year could be potential of appreciation of MYR. It could signal the stability in Malaysia's financial market and probably suitable to investors who seek save and predictable dividend.
the true story is dsai requested all glc and glic to bring back all their foreign investment to malaysia because the gov is getting ready to re-industrialize the economy to a hi-tech economy...
there are mutiple reasons...the main and sustainable growth viz a viz with currency strengthening is the economy....things like repratriation of glc, us interest rate etc are just the immediate effect. But the inflation, unemployment, growth of some industries will be the game changer to break from the middle income trap. As at now, things are looking good factually minusing the emotional and political inclination. Moody and Noumara are the two recognised insti so far acknowledged it.
You forgot 1 thing, one of the big factors affecting Currency value no one talk about is MYR M1/M2 Money Supply.. All those things u spoke about is true but only on the demand side, investors confidence and interest rate differential are only effecting the demand of MYR.. supply side were equally as important.. look at turkish lira for example its currency crash and hyper inflation is because of bad management of central bank monetary policy.. they kept low interest rate during inflationary gap resulting oversupply of turkish lira..
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 😂
Clean up Corruption, Enforce Justice system and reforms Federal, Agencies & Local Govt Enforcement, And stop all AP Import Licenses and have Open Tenders. Then watch how the Ringgit will regain value to almost RM3.00 to USD1.00
For normal civilian like myself, doesn't matter anymore coz it's bit late now to feel a strong ringgit as the inflation had already inflicted the price hike on our daily life. Once those prices gone up they never go down as their appetite has grown too.
This is such a good opportunity to invest going into the rate cut. Especially if you invest in USD. When the dollar strengthens, the profit from the exchange rate alone is gonna be huge.
Malaysia negara pengeksport. Kalau sampai RM100 maknaya harga barang eksport kita akan jadi mahal. Sapa nak beli barang kita ? Org akan beli dari Vietnam, China. Bangkraplah kita.
@@MillennialFinanceMalaysianot necessarily true. Export will still be cheap and most manufacturers know it. Stronger ringgit also means the price of raw material becomes cheaper.
maaa walaupun kemajuan malaysia ni dikira bagus dan puas hati ,dari segi gaji dan masalah kerenah birokrasi dan pengagihan pendapatan masih rendah tak jauh beza even 30 tahun gaji tetaplah murah ,kita kena ubah gaji basic naik menjadi 2 ribu lebih dan naikkan pendapatan tahunan rakyat melebihi 90 ribu ringgit daripada 60 ribu lebih
Aku nk gaji swasta je naik, penjawat awam better tkyah ni setahun punyalah bnyk penjawat awam kna tangkap sebb rasuah, dorang mmg dh kaya nk menmbah kaya lak
Its not easy as you think.. Goods are exported by batch.. Let say productions jan 2024 will expire by jan 2025.. The next batch import will be February 2025 at new price. How come the price will be lower while you are selling the goods you purchase at high price? Be logic
@@anuardalhar6762bodoh sgt kau punya analogi tu. Its better kalau kita amik nilai antara 2000 hingga 2017. Berkisar antara rm 3 - rm 3.50. tahun 1970 nak buat ape?
@@sukahatiakula3672 Kamu mungkin gen z yang bodoh. Itu bukan analogi tapi reference. Bahasa Inggeris pun tak paham. Tahun 1970's adalah reference yang terbaik kerana semasa itu RM, SG dan Brunei dollar sama value. SD dan BD boleh pakai di Malaysia.
Very funny from walanon.dato najib make ringgit 3.8 but walanon screaming everyday malaysia will bankcrupt but now 4.4 walanon says malaysia is great.see we can different walanon brain drain with malaysia people.very funny.
You have to understand that this is the exchange rate while U.S. interest rates are still above 5%. During Najib's administration, do you know how weak the U.S. dollar was? At that time, the U.S. interest rate was 2%
Monetary value is just a number mate, its fiat.. most importantly is the ringgit and the economy Purchasing Power Parity.. you can still be an advance economy even with many zeros at the back.. 1000 JPY for a bowl of gyudon, 10000 KRW for bowl of Ramyeon, 50 AED (UAE dirhams) for a set of large big mac, 20 AUD for a set of kebabs, 10 TRA (lira) for a Turkish Tea, 30 SAR (SaudiRiyal) for Baskin Robin, 30 RMB for Pulled Mee, 1000 INR for a bowl of Chicken Biryani, 15 MYR for Nasi Lemak, 10 SGD for the same nasi Lemak.. get the picture?
malaysian getting richer mean 1. buy cheap iphone 2. holiday oversea i reallyx3 hope there is more than these... because what i see from the current rich country...they have nothing to offer as what has Mother Malaysia already offered to its citizen....
