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

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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.

 

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Where are those PH and MalaysiaBaharu supporters? You guys have nothing to say about this? LMFAO 🤣🤣🤣

At least it hit a high of 4.20 !! Free markets decide the value, analysts can only guesstimate based on their understanding.

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Ringgit lower against US dollar as market reopens | Malay MailKUALA LUMPUR, Feb 7 — The ringgit opened lower against the US dollar on lack of buying momentum. At 9.05am, the ringgit was pegged at 4.0980/1020 against the greenback from Monday’s close of 4.0900/0970. The market was closed for two days for Chinese New Year celebrations. Maybank Kim Eng...
Source: malaymail - 🏆 1. / 86 Read more »