Ringgit extremely undervalued, says StanChart

The ringgit will probably get stronger towards year-end, says StanChart group chief investment strategist Steve Brice. The Reuters photo shows customers counting their ringgit notes outside a money changer in Singapore.

KUALA LUMPUR: The ringgit is extremely undervalued - by 15% to 20% - and expected to make a turnaround in the second half of next year, Standard Chartered analysts said.