Saturday, October 23, 2010

The Malaysian Ringgit ...

The Malaysian Ringgit, the MYR, is weakening again. Not only the troubled Euro and the British pound are rising against the MYR but also regional currencies such as the S$, the AUD, the Baht, the Yen, the Rupiah, the Yuan and many others are all rising against the MYR. The only currency that is not strengthening against the MYR is the toilet paper of a currency called the USD.