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19 July 2016

thomasdodds

The Malaysian Ringgit (MYR) plunged to a seventeen year low against the US Dollar following the devaluation of the Chinese Yuan in August last year.

H
owever, the currency of Asia’s tenth largest economy has stabilised in line with our expectations since the turn of the year despite increased political uncertainty and a slowdown in economic growth in Malaysia.

In fact, the currency has moved with such correlation to our forecasts that we’ve been recognised by Bloomberg as the most accurate USD/MYR forecaster in Q2 2016!

Download our full forecasts, and analysis, for MYR up until the end of 2017.