Impact Of Depreciating Ringgit

The electronic importers would have to pay more to purchase their supply leading to lower profit margin. The depreciation of ringgit is boon and bane for the country. Here are some ways that people living in singapore will benefit from the depreciating ringgit.

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While many people from both sides of the causeway joke about this it has real implications for many people including close to 400 000 malaysian workers in singapore who are benefitting as well as singaporean investors in malaysia who may have suffered.

Impact of depreciating ringgit. However the fact that our electronic and electrical industry generally denominates its contract in us dollar cushions the impact of exchange rate fluctuation. Posted on april 11 2015 saturday at 11 31 pm bizhive. The recent episode of ringgit depreciation should similarly boost exports by q2 2015. Our closest neighbor malaysia has seen her currency the ringgit rm depreciate to a 17 year low of 2 72 against the singapore dollar sgd.

Sectoral effects of ringgit depreciation shocks article pdf available in journal of economic development 32 2 135 156 december 2007 with 2 784 reads how we measure reads. Depreciation of ringgit has limited impact on malaysia s sovereign ratings kuala lumpur. Impact of the depreciating ringgit 1. Here are some ways that people living in singapore will benefit from.

Currency fluctuation is a naturally occurring process of the economy. Depreciation in ringgit would imply that their cost of buying raw materials is higher. Our closest neighbor malaysia has seen her currency the ringgit rm depreciate to a 17 year low of 2 72 against the singapore dollar sgd. The sharp depreciation of the ringgit which has fallen about 11 against the us dollar in the past six months has limited impact on malaysia s sovereign ratings said rating agency moody s investors service.

This also includes its depreciating ringgit which has lost close to 25 against the singapore dollar in the past five years. In the world we live in today the foreign exchange forex market affects us in ways it didn t used to. In the world we live in today the foreign exchange forex market affects us in ways it didn t used to. In a state of perpetual flux the economy is not immune to global trends triggered by a chain of events elsewhere in the world.