Lacie Miquela

Resume 2024 Malaysia Currency. After a rocky 2023 filled with inflationary expectations, opr hikes and a depreciating ringgit, malaysians are eager to enter 2024 stronger economically. “our current view for the ringgit to recover in 2024 is driven predominantly by expected fed rate cuts in 2024, while bank negara is more likely to hold rates rather than cut.

Malaysia’s currency slipped to rm4.8 against the united states dollar in february. Malaysia’s central bank has said the currency is undervalued and.