Some thoughts on Malaysian ringgit

I'm definitely no expert on foreign exchange.

Was just thinking while walking back from lunch, as one does, that the degree of volatility doesn't seem to make sense. More so if people take the exchange rate as a proxy for your economy - while it does have bearing if the rate is long term and sustained, the sudden drop in currencies like MYR and Brazilian real doesn't jive with the economic fundamentals.

For example; we are still growing... our GDP growth is still positive compared to lots of other countries. We are still exporting a lot of goods despite the lower demand - after all, people around the world still need vegetable oil, petroleum and so on.

The problem is that if the speculators can sustain their attacks and the western media keeps repeating the same "bad news" / bad spin, then it becomes a self-fulfilling prophecy.

Sigh ... what can one do? I think to help the country, we must spend internally - to keep the momentum going.

Of course, one should spend wisely but we must not stop spending altogether.

我绝对不是外汇专家。

我只是认为林吉特的波动程度似乎没有任何意义。

更重要的是,如果人们以汇率代表您的经济 - 如果汇率是长期和持续的,货币汇率确实有影响力,像马来西亚和马里兰那样的货币突然下降不会与经济基本面相吻合。

例如;我们还在增长。与其他许多国家相比,马来西亚的国内生产总值增长仍然是正的

尽管需求下降,我们仍然出口大量商品,毕竟世界各地的人们仍然需要植物油,石油等。

问题是,如果投机者能够维持他们的攻击,西方媒体不断重复同样的“坏消息”/坏旋转,那么它就成为一个自我实现的预言。

叹息...可以做什么?我想帮助国家,我们必须在内部度过,以保持势头。

当然,应该明智地花钱,但我们决不能停止支出。

Comments

Popular posts from this blog

FundMyHome - Malaysia's new property crowd funding review

Ryan & Miho Petaling Jaya

What does your neighbourhood say about you: Kuala Lumpur