Why The Malaysian Ringgit Is So Strong In 2024

[@drju99]

The Malaysian ringgit is stronger in 2024 due to several factors: a robust economic recovery driven by exports in electronics and commodities, high global commodity prices for palm oil and natural gas, and prudent monetary policies from Bank Negara Malaysia. Additionally, a weaker U.S. dollar and increased foreign investments have boosted the ringgit's strength. Positive investor sentiment towards Malaysia's political stability and green economy initiatives also contributed.

[@simonsimon2888]

US Dollar? Is it UniSinga Dollar?..by holding the strong Ringgit, have no fear what do you want in Exchange?

[@Chris-rb5hx]

Malaysia Ringgit is the best performance currency in recent period. New iPhones selling cheaper by RM400 compared to last year.

[@hermes15184]

Hope it goes back to its old value. I missed those days when 1USD = 2.5RM.

[@kevingan2960]

I too missed those times when a packet of nasi lemak costs 0.50 cents

[@DonDon45-i5h]

I also wish for that. But I heard from people saying that our currency getting too strong is also a bad thing because it would make Malaysia less favourable for investors since they would be spending more money

[@kurryjb_ib988]

I believe that not only different interest rate, but also how Malaysian central bank has kept a same interest for the whole year could be potential of appreciation of MYR. It could signal the stability in Malaysia's financial market and probably suitable to investors who seek save and predictable dividend.

[@MillennialFinanceMalaysia]

Glad BNM stuck to their guns and didn’t make knee jerk reactions

[@namazlur78]

Yes and stock market also went up

[@Foxmotion]

I am happy that our MYR is strengthening and not just againts USD pair but againts many others in general. But as you have mentioned that it does raised a concern whether it will backfire much sooner than we think if it gets too strong considering we are mostly a raw materials exports oriented country. Lets hope that our tech industry is more than ready to make up for that short coming soon.

[@FocusOnPersonalGrowth]

Hi Emir, I like your video so much. You are so great at analyzing the financial situation of Ringgit. Hopefully the Ringgit will continue to grow to 4 or below that versus USD. I would appreciate mucb if you could also do some analysis on MYR/THB as to why our currency versus the Thai Baht is not veru stable? Thank you

[@MillennialFinanceMalaysia]

Thanks for the kind words! Will have a look and see if I can find anything

[@Totoroo]

I' french living in KL, and I get my salary in € 2 months ago my rent was 525€ / month Now it's 575 😬 But yeah I think it's definitely positive for Malaysia

[@MillennialFinanceMalaysia]

Haha have friends who earn in usd here and they’re taking big pay cuts 😂

[@wildsoul5760]

Recently launched Iphone 16 cheaper than Iphone 15 Hopefully Iphone 17 even cheaper when MYR value goes up

[@MillennialFinanceMalaysia]

would be nice haha

[@edumas3960]

base variant is cheaper ain't it ?

[@lansiman]

currency just a bit stronger rakyat already spent big on imported goods, currency went back down

[@afizi1213]

@@wildsoul5760 china phone even more cheap that iPhone that they made but have better spec and quality with big storage 😉

[@PassionPno]

@@afizi1213 We buy iPhone for the Apple ecosystem not for the specs.

[@sootuckchoong7077]

Usually $1 = RM3.80 - but long ago, it was even lower than RM2.00

[@mlancholia3920]

praying for 3.9 the end of this year 🙏🏻✨

[@Hasanaljadid]

It's already 4.1 per doller

[@ChowYewLoon]

If it's 3.9! Maybe someone is speculating it! After they grab profit then it's will crashed!

[@WanNadzirah]

Thanks for the input! Very informative and easy to understand 😊

[@SaadonAksah]

Nice! Thanks for breaking it down 👍

[@Danial3109]

Bro I suggest that you do this piece in BM. I’m afraid most of the walauns will have a tough time comprehending this video. Thanks!

[@mal5313]

u don't talk more, seems like u are low class mentality,

[@teachmeguitar10101]

No, english is fine and better to understand the global market. Can do separate video for bm tho

[@kelatekia-rv4ns]

I'm doing it in BM

[@wmazim910]

@@kelatekia-rv4ns your videos are good. Ive subscribed

[@kelatekia-rv4ns]

@@wmazim910 thanks

[@sepilokfui]

the true story is dsai requested all glc and glic to bring back all their foreign investment to malaysia because the gov is getting ready to re-industrialize the economy to a hi-tech economy...

[@MillennialFinanceMalaysia]

One of the factors definitely as I mentioned but I don’t think that alone is enough to move the ringgit like it did

[@sepilokfui]

@@MillennialFinanceMalaysia if only if you know how much our epf glc n glic plus rakan rakan dsai ada... kepala brunei, qatar, uae, saudi....

[@Hs5687]

The RM is Controlled & Weaponised By Singapore… MY must Behave or Ringgit Plunges Again … Control the Ringgit & Control MY 😊

[@triggerfinger7831]

Can't have one person not commenting about the gei boi

[@ViolentCabbage-ym7ko]

@@Hs5687 And how does Singapore control and weaponized the RM? Care to explain?

[@asrofg]

there are mutiple reasons...the main and sustainable growth viz a viz with currency strengthening is the economy....things like repratriation of glc, us interest rate etc are just the immediate effect. But the inflation, unemployment, growth of some industries will be the game changer to break from the middle income trap. As at now, things are looking good factually minusing the emotional and political inclination. Moody and Noumara are the two recognised insti so far acknowledged it.

[@fishlegs_7458]

its Rm4.15 for 1 usd today malaysia boleh!!

[@haziqmatsaleh9430]

$1 = RM4.28 today 👍🏻

[@afizi1213]

and now is 4.24 getting stronger for aaa secpnd time

[@thinkie12]

4.22 now

[@afiqmashod9741]

@@afizi1213 it's 4.22 now

[@rygyouwill5293]

its 4.21 now

[@afizi1213]

@@thinkie12 4.13

[@zarith87]

You forgot 1 thing, one of the big factors affecting Currency value no one talk about is MYR M1/M2 Money Supply.. All those things u spoke about is true but only on the demand side, investors confidence and interest rate differential are only effecting the demand of MYR.. supply side were equally as important.. look at turkish lira for example its currency crash and hyper inflation is because of bad management of central bank monetary policy.. they kept low interest rate during inflationary gap resulting oversupply of turkish lira..

[@MillennialFinanceMalaysia]

Good point!

[@kennyyeap2476]

Good job bro

[@firstimer]

hope we can on par with taiwan, in term chip production and semiconductor

[@MillennialFinanceMalaysia]

that would do wonders for us haha

[@anuardalhar6762]

We cannot beat TMSC in foundry bussiness😊

[@tommychan8910]

@@anuardalhar6762 precisely, even big company like Nvidia need to pay TMSC to do their R&D job

[@DonDon45-i5h]

Hopefully in the future 💪

[@Apaibersatu77]

Now 4.15 !!

[@SmugSysAdmin]

4.1214 now!

[@bolmuroturo189]

4.1208 NOOOWWW

[@ミズイジュン]

3.9 noowwwwww!!!

[@Equaliser-278]

Makes it more difficult to sell our palm oil. Also, cost of production goes up as it is a labour intensive industry.

[@askarsepoi]

benchmark, must better than 1USD:3.8ringgit

[@Chris-rb5hx]

Subscribed 👍🏻

[@peterwong8499]

For normal civilian like myself, doesn't matter anymore coz it's bit late now to feel a strong ringgit as the inflation had already inflicted the price hike on our daily life. Once those prices gone up they never go down as their appetite has grown too.

[@MillennialFinanceMalaysia]

Get what you mean but would still help with imported stuff for sure

[@galeru]

This is such a good opportunity to invest going into the rate cut. Especially if you invest in USD. When the dollar strengthens, the profit from the exchange rate alone is gonna be huge.

[@Grogag684]

May be we need to bring back Muhidin as PM and his cabinets to stabilize the ringgit and price hike

[@TheProBush]

Strong ringgit means import becomes cheaper.. Dulu import barang Usd100, kita bayar RM500, skang byr RM430..harap2 jadi sampai RM100 je..

[@adiraemilee]

Malaysia negara pengeksport. Kalau sampai RM100 maknaya harga barang eksport kita akan jadi mahal. Sapa nak beli barang kita ? Org akan beli dari Vietnam, China. Bangkraplah kita.

[@MillennialFinanceMalaysia]

Betul, tapi export jadi lagi mahal la

[@adhahanif9792]

​@@MillennialFinanceMalaysianot necessarily true. Export will still be cheap and most manufacturers know it. Stronger ringgit also means the price of raw material becomes cheaper.

[@KucopsCop]

RM naik kita gi shopping kat Thailand😂

[@megroslmegr7504]

Spore dolar makin naik makin laju export sejak dulu lagi

[@mahabhiru4108]

Economic specialist not appear to explain. They were sleep? Who made it to necome like that. What company. Does total money trade daily increase.

[@ChristineOng-h4m]

About time as new PM is working very hard indeed 😁

[@ansonang3132]

I would rather keep our currency STRONG!!!!! It's PROVEN that our weak currency will do us more HARM than good

[@MillennialFinanceMalaysia]

Agreed haha

[@核污水好喝]

Answer this then which of the following factor is affecting it more among the other : A) Inflation B)Interest Rate C)Balance of Payment D) Risks

[@MillennialFinanceMalaysia]

Wish I knew, impossible to tell

[@Gdftgu]

Cool bro

[@ladduram-gj8xz]

Hi Emir, in case you didn't know, the ringgit is not traded in the international forex market. So, the supply and demand concept doesn't apply to the ringgit as it does for other currencies like the Yen. The ringgit is determined in a non-deliverable derivative exchange in Singapore. In other words, the ringgit's value is decided by America, based on political factors. As you can see for yourself, Malaysia's economic fundamentals were strong and yet the ringgit was going down in 2023 until now. Ever wondered why? The ringgit is determined more by political factors and less by economic fundamentals. This could be the reason Malaysia was contemplating joining BRICS - to escape America's bullying and dominance.

[@skanthaadsigns]

Clean up Corruption, Enforce Justice system and reforms Federal, Agencies & Local Govt Enforcement, And stop all AP Import Licenses and have Open Tenders. Then watch how the Ringgit will regain value to almost RM3.00 to USD1.00

[@Balangair1]

Some strategic things are better off bought n sold G to G. Like defence equipment and medicine,minus middlemen. Other things OK

[@sarveshrampilaialyougandra3751]

Now 1 dollar to RM4.25

[@Layla_r0se]

Ianya berlaku dengan pantas. Perlu ada adjustment situ sini bagi mereka yang terlibat secara langsung.

[@syahfiqri8747]

Thanks for an easy yet comprehensive explaination Emir🎉 im glad i learned basic economy😂

[@hafidzy9675]

4.17 now

[@harveyyork8370]

USD 1 = MYR 3.50 👍👍👍

[@justapassione5554]

Will all of this fdi growth impact my earning in asnb?

[@feelsfeels4072]

Update this 😊

[@phongy45]

But , whatsabout both taxes rates ???

[@ismailsheikhmohamedibrahim9737]

Hard working Malaysian

[@azrael4338]

Nowadays 1$=RM 4.19-4.20

[@AlexGuaikTV]

Malaysia boleh

[@caryandrae9952]

If ringgit strong, we pay lesser for import products but export products become more expensive. If ringgit weak, the reverse happens. So it all depends what malaysia want to be, nett export or nett import?

[@ChengYu-y2b]

Changes in all areas

[@techbiz7]

It's all about taking turns in the circulation.. it's Malaysian turn this time 😊🚀🎉

[@DudeWithCoffee]

For people whose money/income only circulate around MYR, u may think “nah, still not strong enough”. But if your income is in USD or you use USD for things in your life, current exchange rate really shows that MYR is getting stronger 😂

[@MillennialFinanceMalaysia]

Precisely haha. Friend took a 15% “pay cut” bcs he earns in USD

[@ChuckBowie]

Ringgit strengthening also means some will finally be able to take their money out of the country.

[@MillennialFinanceMalaysia]

Good point, let’s see if they do

[@adols4336]

Today $1=4.205 Myr

[@matizam7932]

I hope ringgit will strong again like 1995...2.50=1 dollar

[@joemichael5150]

Takde la strong sgt compared to waktu dulu. But it is getting better.

[@MillennialFinanceMalaysia]

Performance this year has been crazy man but yeah not to the levels it once was

[@firstimer]

sebab tu kerajaan ni kena kekal dua penggal...boru boleh prove it

[@alleymittanderson5799]

Improvement 4.8 to 4.3 are strong enough as other currencies in the region are plummet.

[@alleymittanderson5799]

@@firstimer agree... To achieve USD1 : MYR 3.80 it need at least 2 terms ☺

[@snupidstubb3906]

dpt ni 1usd 3.9. .beli brg online pun sedap

[@runsinbolt9331]

This shuts all the noise from walauns❤😂🎉😢😮😅😊

[@ZalshahZalshah]

Still remember when i was 20s in 90s (before 1997)... USD 1 - RM 2.50

[@sulongenjop7436]

Are we still trading with the US? Not BRICS?

[@MillennialFinanceMalaysia]

Both, gotta stay neutral

[@Grogag684]

Strong....bad Weak..also bad The best option Malaysians no need money

[@norazamudinazam2613]

1 USD= RM 4.00 sooner

[@niggogado]

getting stronger in a short term does not mean it will come at great prizes at all time. it will come at a great risk. i just hope it wont get too strong, which it will cause economy collapse

[@lordravindra]

Are you Emir Md Mastan? By any chance.

[@MillennialFinanceMalaysia]

I am not 😅

[@vansulli]

On paper, yeah, look good, but please fix the country internal issue 1st.

[@keekl6870]

When Ringgit was down so badly last year, the price of all imported goods went up. Now Ringgit is up but the price of imported goods won't go down 😭

[@alleymittanderson5799]

Its not easy as you think.. Goods are exported by batch.. Let say productions jan 2024 will expire by jan 2025.. The next batch import will be February 2025 at new price. How come the price will be lower while you are selling the goods you purchase at high price? Be logic

[@MillennialFinanceMalaysia]

Will probably take a bit of time but can see with the new iPhone prices are already back down

[@bogodoyandex9654]

Some electronics have indeed dropped in price. For example, the 4070s graphics card was about 3150 MYR a few months ago, and now it's 2950 MYR

[@anon014]

If im not mistaken, its targeted to be 4.20 by the end of this year

[@MillennialFinanceMalaysia]

Lots of different price targets out there, let’s see 👀

[@anon014]

@@MillennialFinanceMalaysia true though, I'm so excited 🙂‍↔️

[@alleymittanderson5799]

@@anon014 yup... 4.20 and the long run target until 2030 is 1USD : RM3.80 which is estimated as current Ringgit actual values.

[@alleymittanderson5799]

@@bogodoyandex9654 😊 RM vs SgD also getting better.. I think RM vs SgD are positive towards retoring it to RM2.80 : 1SgD

[@PassionPno]

4.17 as the time of this comment.

[@anonymousbaphomet3242]

back then US$1 = RM3.70

[@fazsroul]

ngl political instability, 1mdb scandals etc may contributed the downfall of ringgit back in the days.

[@AZack-kp1yv]

Now 4.12

[@afizi1213]

maaa walaupun kemajuan malaysia ni dikira bagus dan puas hati ,dari segi gaji dan masalah kerenah birokrasi dan pengagihan pendapatan masih rendah tak jauh beza even 30 tahun gaji tetaplah murah ,kita kena ubah gaji basic naik menjadi 2 ribu lebih dan naikkan pendapatan tahunan rakyat melebihi 90 ribu ringgit daripada 60 ribu lebih

[@MillennialFinanceMalaysia]

Setuju 👍🏼

[@yunytotoro7184]

Aku nk gaji swasta je naik, penjawat awam better tkyah ni setahun punyalah bnyk penjawat awam kna tangkap sebb rasuah, dorang mmg dh kaya nk menmbah kaya lak

[@afizi1213]

@@yunytotoro7184 better dia seinbang la gaji supaya tak banyak jurang pendapatan isi rumah macam. Jepun buat dia laraskan gaji semua atas 4 ribu

[@goldenmawar5589]

1 dollar used to be 3 ringgit

[@dudeezk]

Its 4.22 today

[@asiabrokersclub]

3.99 usd // 2.80 s$

[@neohengong4358]

Why got strong ..it just recover to the same rate in early 2023

[@benjibyte8612]

Chatbots can list out the reasons.. but being politically stable & neutral helped the most.. sold msia worldwide

[@rifleorcagames]

oh nooooooooooooooooooooooo !!!!!!

[@faridimran]

soon 1USD =RM 2/3

[@dennistan4663]

Because they take a lot of Vitamins from A to Z. Use your brain. 😅😅😅😅😅😅

[@AndyGoh-xs7ow]

No good ! Investment will retreat and nearby country will not shop more ......

[@daisuke910]

It's bad!!! I need a good conversion rate 😅😂

[@tanseekong8638]

Malaysia bolih

[@lipan5052]

Ringgit is still weak not strong!

[@SmugSysAdmin]

how about 1 dollar to 1 ringgit muahaha

[@hasnanhashim4386]

To be a high income nation we must have strong currency and emulate Singapore. Move up the international supply chain, import must be cheap, value add and export products Move away from cash crop business....making us totally dependent on cheap foreign labour

[@yapkfmichael6231]

I thought last time it was pegged at 3.80. Why is 4.31 considered strong? I think nothing to shout about.

[@anuardalhar6762]

It was 1U$ = RM 2.5 in the 1970’s. That should be the reference.

[@sukahatiakula3672]

​@@anuardalhar6762bodoh sgt kau punya analogi tu. Its better kalau kita amik nilai antara 2000 hingga 2017. Berkisar antara rm 3 - rm 3.50. tahun 1970 nak buat ape?

[@anuardalhar6762]

@@sukahatiakula3672 Kamu mungkin gen z yang bodoh. Itu bukan analogi tapi reference. Bahasa Inggeris pun tak paham. Tahun 1970's adalah reference yang terbaik kerana semasa itu RM, SG dan Brunei dollar sama value. SD dan BD boleh pakai di Malaysia.

[@nurulanizazainudin]

From 4.78 to 4.28 in a year (2024 not even finish) is an excellent achievement. You expect it to jump to 3.80 in a month ke?

[@yapkfmichael6231]

@@nurulanizazainudin Selagi ia tak capai $3.80 selagi itulah tidak boleh dianggap kuat. Belum tentu lagi kalau2 ia akan turun balik.

[@akimamin7670]

Strong my foot

[@ranjeetsinghalsarbansingh4242]

Walaun panas

[@runsinbolt9331]

All those PN forex expert are now hiding in cave😊❤😅😂😮🎉😢

[@fauziehasbullah]

Where walauntit😂😂😂

[@roberttay4517]

don't see the prices dropping in the supermarket !!!

[@MillennialFinanceMalaysia]

Takes time to reflect

[@paragontv5950]

Until it is RM2.5=USD1, it is not strong

[@hazmanriess8949]

Sampai ke paras 2.50....sama level SG

[@jimcysiah4193]

BS its manipulated It should be 1rm =1 usd

[@sambharat3532]

rm 4.19 is 1 usd

[@eddyabdkarim9402]

Very funny from walanon.dato najib make ringgit 3.8 but walanon screaming everyday malaysia will bankcrupt but now 4.4 walanon says malaysia is great.see we can different walanon brain drain with malaysia people.very funny.

[@nurulanizazainudin]

4.78 to 4.28 in a year (2024 not even finish) is a great achievement. Walanon or walaun aside.

[@pigdictator4558]

Funny coming from walaunz so jeles at walanon achievement😂

[@yunytotoro7184]

Zman nokia pun nak dibandingkan juga lawaklah kau ni😂 cubalah ngn zman terdekat cam zaman covid

[@fishlegs_7458]

@@eddyabdkarim9402 u see the damage we dealing with today is because of your beloved najibs fraud buddy

[@Md.MustaffaBinAbdullahAbdullah]

Too much Strong RM/USD - not good our all export, because too expensive our branded ✔️✔️✔️✔️✔️until RM3.80/1 USD is that's ok, admin

[@hijraisthecure1727]

Rupiah is the strongest in the world malaydesh riggit low 😂 wkwkwk .

[@MillennialFinanceMalaysia]

Rupiah is struggling 😂

[@yunytotoro7184]

Aku cuma knl rupee je hindianesial

[@hijraisthecure1727]

Malaydesh economy weak 🥱 gdp weak ,unlike indonesia gdp $1.47 trillion 😎

[@preefix33_3]

​@@hijraisthecure1727Work in your own country bro, dont come here

[@Roy-qj9br]

During Najib era, not only currency is stronger - Bursa saham ddid well

[@bogodoyandex9654]

You have to understand that this is the exchange rate while U.S. interest rates are still above 5%. During Najib's administration, do you know how weak the U.S. dollar was? At that time, the U.S. interest rate was 2%

[@Roy-qj9br]

@@bogodoyandex9654 how about Bursa index now and during Najib?

[@teeee8534]

@@Roy-qj9br after 3 July 2015, when wall street journal slapped us with 1MDB scandal, it fell to rock bottom and never recovered again

[@lancewood1410]

Strong? aaaaaaahahahahahahahahahahahahahaha. Dream on.

[@yourmummy1985]

Don't be wrong. We are still weak compare to the time before..

[@MillennialFinanceMalaysia]

Of course, still a long way to go. But any progress is good

[@zarith87]

Monetary value is just a number mate, its fiat.. most importantly is the ringgit and the economy Purchasing Power Parity.. you can still be an advance economy even with many zeros at the back.. 1000 JPY for a bowl of gyudon, 10000 KRW for bowl of Ramyeon, 50 AED (UAE dirhams) for a set of large big mac, 20 AUD for a set of kebabs, 10 TRA (lira) for a Turkish Tea, 30 SAR (SaudiRiyal) for Baskin Robin, 30 RMB for Pulled Mee, 1000 INR for a bowl of Chicken Biryani, 15 MYR for Nasi Lemak, 10 SGD for the same nasi Lemak.. get the picture?

[@sukahatiakula3672]

Ak nak nilai ringgit kembali kepada asal iaitu rm3.00 - rm3.50. kalahkan semula dinnar.

[@Roy-qj9br]

@@sukahatiakula3672 betul tu

[@AnieSyazwanie]

Malaysia 🇲🇾🫡

[@niam550]

malaysian getting richer mean 1. buy cheap iphone 2. holiday oversea i reallyx3 hope there is more than these... because what i see from the current rich country...they have nothing to offer as what has Mother Malaysia already offered to its citizen....

[@ARIES-jk2ff]

Manipulative

[@shukriramlee]

that sgd

[@ssddsquare]

Would steam games be cheaper?

[@MillennialFinanceMalaysia]

Should be soon

[@Dezron]

Bro's asking the real question 😂

[@mahabhiru4108]

Economic specialist not appear to explain. They were sleep? Who made it to necome like that. What company. Does total money trade daily increase.