Ringgit weakness reflects Malaysia’s economic vulnerability, says ratings corporation
The sharp weakening of Malaysia’s ringgit has reached an unprecedented low based on its Real Effective Exchange Rate, according to data from the Bank of International Settlements. – The Malaysian Insight file pic, July 3, 2023.
THE sharp weakening of Malaysia’s ringgit has reached an unprecedented low based on its Real Effective Exchange Rate , according to data from the Bank of International Settlements. In a statement, the Malaysian Rating Corporation Bhd said the REER is a measure of the exchange rate value weighted by trade and adjusted for inflation.
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