Less to spend: The depreciation of the ringgit has made it more costly for Malaysians to travel abroad and to buy things from overseas.
When rating agency Fitch revised its outlook for Malaysia from negative to stable, many expected the ringgit, which has been at a 10-year low, to strengthen immediately. But economic fundamentals alone do not determine the exchange rate, as sentiment, perception and external factors all play a role, too.
WHEN Dr Zakaria Abdul Rashid was in Jakarta almost a year ago, he bought a pack of quality coffee beans for US$13.
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