EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Tuesday, September 26, 2023
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

EDITIONS:

Media and partner organizations:

cmc bmc ulearnmoney mylife mcm asncommerce mcm
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
Subscription Newsletter
Money Compass
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
No Result
View All Result
中文 Bahasa eCommerce
Money Compass

Malaysian ringgit ranked as cheapest currency in region

by moneycompass
August 4, 2021
in News
The 12th International Conference on Financial Crime and Terrorism Financing (IFCTF) 2022 saw Bank Negara Malaysia's (BNM) governor talk about the ringgit's status.
Share on FacebookShare on WhatsApp

KUALA LUMPUR – DBS Group Research has ranked the Malaysian ringgit as the cheapest currency within the basket of Asian ex-Japan currencies, followed by the Indonesian rupiah and Chinese yuan renminbi.

In a research note released on August 3, its foreign exchange and credit macro strategist Chang Wei Liang said the range of over- and under-valuations based on the equilibrium exchange rate (DEER) strategy was “much starker, with the ringgit’s under-valuation looking very sharp at -13.7% but [with] persistent risks from Covid-19 infections and political uncertainty weighing on sentiment”.

“The Philippine peso, Thai baht, and Indian rupee are ranked as the most expensive. The baht’s over-valuation remains quite sizeable, even though it has depreciated significantly and is Asia’s worst-performing currency on a year-to-date basis,” Chang said.

Meanwhile, the DEER strategy recommended long positions in the Japanese yen, pound sterling and Canadian dollar (CAD) on top of short positions in the US dollar, Swiss franc, and the euro.

Chang said the CAD’s valuation, being supported by rising oil prices, contributed to an improvement in Canada’s overall terms of trade and now stood at its best level since June 2014.

“Give the New Zealand dollar (NZD) a miss,” Chang added.

DBS said its DEER strategy explicitly accounted for interest rate differentials and that making no recommendation on NZD was a calculated outcome, having factored in the likelihood that returns from the mean-reversion of NZD’s valuation may not offset the higher NZD carry costs over the expected lifetime of the trade.

 

Read more: 5 Ways to Stop Living Pay Cheque to Pay Cheque

Tags: Covid-19currencyRinggit
ShareSendShareSendTweetShare
Previous Post

Digital Asset Management Platform Aspen Digital Raises $8.8M in Pre-A Funding Led by RIT Capital Partners and Liberty City Ventures

Next Post

Malaysia hits new daily record high with 19,819 new COVID-19 cases

Related Posts

News

VietnamPrintPack 2023 will take place from 27-30/9 to propel innovation in the printing & packaging industry

26 Sep 2023
News

Bitget’s Smart Portfolio Bot Enables Sophisticated Crypto Trading For Users

26 Sep 2023
News

World Contraception Day 2023: Bayer Indonesia launches “Bayer For Her” to improve the reproductive health of Indonesian women

26 Sep 2023

Discussion about this post

MOST POPULAR

  • Campus With A Conscience hosts a week-long UN festival

    0 shares
    Share 0 Tweet 0
  • AtoZero ASEAN 2023, Powered by Gentari, to Feature 100 Leadership Speakers and 1,000 Delegates to Drive Net Zero Dialogues and Partnerships

    0 shares
    Share 0 Tweet 0
  • EN+ Silk Series EV Charger Wins MUSE Design Awards 2022

    0 shares
    Share 0 Tweet 0
  • Yeo’s Malaysia invests RM20 mil to boost production, expand global supply

    0 shares
    Share 0 Tweet 0
  • Shopee Live Skuad Stylo Achieves One Million Engagements in Debut Week

    0 shares
    Share 0 Tweet 0

MEMBERSHIP SUBSCRIPTION

Subscribe Now

Sign Up for Our Free Newsletters

Stay up-to-date with the latest personal wealth-related articles, breaking financial market news, and more.

Follow us on Social Media

News
Special Feature
Compass
Money Tube
Smart Lifestyle
Corporate Profile
Advertise
Subscriptions
Career
Contact Us
eLearning
Events
Privacy Policy
Terms of Use
Strategic Partners

Copyright © . Money Compass. All Rights Reserved.

Design and Development by Ant Internet Sdn Bhd

No Result
View All Result
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE

© 2020 Money Compass

Career

SUBSCRIBE FREE NEWSLETTER