13 July 2011

What Happen to Ringgit?

What happen to my dearest Malaysia Ringgit? As what I can see from here, the currency rate SGD against RM is now RM2.4692 to SGD1.00.

I believe it is time for Malaysia government to review its fiscal policy as well as its money policy to avoid any further drop in currency. I do
believe that it is hard for Malaysia citizen to travel around the world and buy branded bag. I am really sad of what has been happening in Malaysia.
Disclaimer: Above is my own opinion. Please consult your financial adviser before making any investment decision.

Currency Rate copied from http://www.bnm.gov.my

1 comment:

  1. I believe MYR to SGD will be something like MYR3 to USD1 in another 10 years. So, the wise thing to do is to park some wealth in Singapore now.

    ReplyDelete

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