The rally of our currency has led many to speculate how far can our currency go. Furthermore, it has been a factor in inciting pride among Malaysians as it is a symbol that our country is doing better. There are speculations that the ringgit may reach RM4.03 against the Dollar by the end of the year.
Ringgit expected to hit RM4.03 = USD$1
However, there are some users concerned about the potential rise of costs from foreign sellers. It is unclear if these American and European companies would deliberately increase the prices of their items solely to Malaysia.
But, when our currency declined during our 6th Prime Minister’s tenure, imported brands like Apple were quick to raise their prices.
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