Do you like a stronger Ringgit? I do. Especially because I love travelling. Well, bad news for us, at least for 2019. Bank Negara Malaysia (BNM) expects the ringgit to continue to depreciate against the US dollar next year, as the greenback continues to grow stronger and also due to other external uncertainties. Our BNM Governor, Datuk Nor Shamsiah Mohd Yunus informed that the ringgit has depreciated by 2.5% against the US dollar in the third quarter of 2018. On a year-to-date basis, our ringgit has fallen 3.35% to the US dollar. She said, “This is something that is not only unique to Malaysia, but all the other regional economies would be affected by the strong US dollar and that is where we do expect that the regional currencies, together with the ringgit, will continue to depreciate.” This is the article in TheEdge Markets.
