Today I went to my regular money changer for some MYR. Was happy to see the red numbers 231 at the window, and was elated to have been give 234! Happiness!
Before anyone accuses me of being 'unpatriotic' in hoping for a weak ringgit, please be aware that our wonderful Malaysian government actually pursues and maintains a weak ringgit policy to ensure the competitiveness of its exports overseas.
How else do you think we can sell Proton abroad?
We have seen the MYR appreciate significantly in the past weeks. It was as high as 240 at one point this year (if memory served me right), and now the rate is tethering around 230. As such, we have seen a 4% decrease in our wages in terms of MYR across the board. Painful!
I heard the news on the radio while driving in this morning - MYR expected to perform weaker against major currencies this week due to PIGS jitters in Europe, especially Greece.
All I can say is...καλή τύχη, Ελλάδα!
Before anyone accuses me of being 'unpatriotic' in hoping for a weak ringgit, please be aware that our wonderful Malaysian government actually pursues and maintains a weak ringgit policy to ensure the competitiveness of its exports overseas.
How else do you think we can sell Proton abroad?
We have seen the MYR appreciate significantly in the past weeks. It was as high as 240 at one point this year (if memory served me right), and now the rate is tethering around 230. As such, we have seen a 4% decrease in our wages in terms of MYR across the board. Painful!
I heard the news on the radio while driving in this morning - MYR expected to perform weaker against major currencies this week due to PIGS jitters in Europe, especially Greece.
All I can say is...καλή τύχη, Ελλάδα!
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