Ringgit undervalued vs US$ by up to 8%, says Maybank Research

  • Economy
  • Thursday, 7 Feb 2019

KUALA LUMPUR: The ringgit remains 7% to 8% undervalued against the US dollar from a valuation perspective, relative to Maybank Investment Bank Research’s fair value estimate of 3.80.

It said on Thursday the US$-ringgit has been on a gradual yet bumpy decline (down more than 2.5%) since hitting a high of 4.20 (Nov 28). 

Economy , Forex