January 13, 2015 | Biz Info

Daily Archives: January 13, 2015

US Currency Strengthening Against Malaysian Ringgit

The value of the Malaysian currency seems to be dropping even further against the US dollar. As I don’t trade in US currency, this does not really bother me. But for businessmen who pays in US dollar for imports, then it will make a big difference in their wallets. A bottle of wine in the UK costs only 4.50 great Britain Pounds, but over here in Malaysia, it costs in the region of $26 ringgit or more per bottle. On the other hand, I earn US dollars for work done online and the stronger US dollars means higher earnings for me in Ringgits. Just hope that the Malaysian currency will eventually strengthen and not dive too much in value against other countries’ currencies.

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