KUALA LUMPUR: The Malaysian ringgit and Indonesia’s rupiah are expected to be outperformers in the region in 2024 "on a relative basis,” benefitting most from monetary policy divergence, said Standard Chartered (StanChart).
"In terms of relative performance, we expect the IDR (Indonesian rupiah) and MYR (Malaysian ringgit) to outperform and the PHP (Philippine peso) to underperform; we are relatively neutral on the SGD (Singapore dollar), THB (Thai baht) and VND (Vietnamese dong),” the bank said in its global research report.
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