Due to the tightening of the US monetary policy, what is happening in Europe and China, 2023 will be a difficult year for the global economy. Malaysia and the world economy would also be impacted by this.
As of 21st September, Malaysian Ringgit (MYR) closed at RM4.56 against the US Dollar (USD)
The value of MYR against USD is the lowest since the Asian Financial Crisis 1998.
The ups and downs of currency values are relative, subject to the current context and factors driving its movement.