ABOUT a year ago, US$1 could only fetch RM3.15. At today’s rate of RM4.25, our ringgit would have devalued by 35% against the dollar. How low will our ringgit go?
According to some bankers, our ringgit is undervalued which means it should be around RM3.60 to RM3.80. There is also another school of thought predicting that the ringgit will move further south to RM4.50 before coming back up. Don’t believe either prediction.
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