Mier: Ringgit’s fair value is 4.20 against US$

Its executive director Prof Zakariah Abdul Rashid told a press conference that the estimation of the ringgit

KUALA LUMPUR: The ringgit’s fair value is at about 4.20 against the US dollar, but there are no indications that the currency will improve in the near future, said the Malaysian Institute of Economic Research (Mier).

Its executive director Prof Zakariah Abdul Rashid told a press conference that the estimation of the ringgit’s fair value was based solely on the country’s economic fundamentals.