Bank negara foreign exchange rate - Foreign Exchange Rates (Daily) : 日本銀行 Bank of Japan

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Bank Negara Malaysia exchange rates explained

If our ringgit were fixed, our exports would have declined significantly by 15 per cent in ringgit terms.

  • In times of weaker global demand, this helps our businesses protect some parts of their revenue and help limit the job losses to Malaysians.

  • This means that just like most of the goods and services we buy, the exchange rate is based on the demand and supply in the foreign exchange market.

  • Again, you have no interest in any profit associated with this activity and those profits are solely for our account.

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  • Having said that, I would like to reiterate that we need to continue implementing structural reforms to strengthen our growth potential and economic prospects.

  • Investment decisions should be based on an evaluation of your own personal financial situation, needs, risk tolerance and investment objectives.

  • This is what we mean by ringgit playing an important stabilising role in the economy.




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