Ringgit Continues To Fall | ** An Anonymous Journal **

Saturday, August 18, 2007

Ringgit Continues To Fall

Last I checked, Ringgit is at MYR3.515 to a US Dollar. This is certainly bad news for some people, especially importers or people with children seeking tertiary education in the United States but definitely good news for me and my fellow blog-for-pay colleagues.

I wish the Ringgit would go lower still but then it does not really depend on market forces because certain institutions may buy up USD to check the slide.

Does saying so and wishing the Ringgit be weaker land me into trouble with the government? In any case, I pray the USD will hold up at this level or even go a little higher next week when I withdraw my funds hehehe

Although the difference is slight, any savings in cashing out is most welcomed. As the saying goes, a penny saved is a penny earned!

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