In an interview with CNA938, SMU Assistant Professor of Finance (Education) Aurobindo Ghosh said Malaysia’s ringgit rally has put the country on a stronger footing than its neighbours and may persist for a while. He noted that the stronger ringgit is a double-edged sword, where it could be beneficial if it is a transaction from Malaysia to Singapore, but not the other way around, though the difference is not significant yet. Asst Prof Ghosh also noted that as the Malaysian currency appreciates, it could put a little bit of pressure on the regional currencies and economies as well. He also shared the biggest danger to this is protectionism, with no certainty how long this rally would last.
