Relly not that bad ?

Click 'Ringgit fall not that bad' for the article.

Let us compare the performance of USD/MYR with the performance of the currency of our neighbouring Asean countries, namely, Thailand, Indonesia, Singapore and the Philippines, with respect to the US$ from May 2016 to 2nd Dec 2016

When compare to other major Asian currencies and that of Australia.

The Japanese Yen's drop of 14.6% and 11.2% appeared sharp is mainly because the currency has moved up strongly against the US$ gaining 6.28% before the drop. If we removed this 6.28% from the figures then the drops are not that sharp.

Similarly the Korean Won has gained 5.12% and the Australian $ has gained 3.72% before the drop.

When compared with that of Euro, the ringgit dropped more.

What about British Pound.

I don't think we should compare USD/MYR with USD/GBP because in June 2016, when the British voted to leave the European Union, the Pound immediately dropped 15.17% against the USD. Subsequently it dropped to as low as 0.824 GBP to 1 USD on October 11 and that was before the US presidential election. Since then, despite Trump's victory and the strengthening of the US$, GBP has gained 4.7% against the US$ until last Friday.

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