No more RM3.80 for 1 USD?

Filed in: Make Money Online, Malaysia — July 21st, 2005

advertisement

Read this from Jeff Ooi’s “Are we staring at RM3.20?“:

Within the hour, Bank Negara Malaysia also announced that the ringgit’s RM3.80 peg against the U.S. dollar imposed in Sept 1, 1998 has been scrapped with immediate effect and will also operate by a managed float against a basket of currencies.

Forgive me, I don’t know much about economics. The first thing came to my mind is “How much will the new exchange rate affect my online revenue?”

If USD1 for RM3.20… I will lost few hundred ringgits every month. :shock:

From now on, I will watch closely on the exchange rate! RM3.20 may be good for Malaysia but not good for me… Oh, I am selfish!

Read also:

«
»
  • Ha ha me too. just few cents from google ad. So no worries about it falling!

    In fact, I hope it drops more so I can buy some books I've been eyeing in US currencies.
  • don't worry..i'm praying..:p

    OMG..this really is good and bad news MIX

    now can buy some stuff cheaper...but on the other hand not much income
    from the net.
  • har? wah lao. so low? tell me it's not true.
  • LcF
    yeah, I also THINK 3.20 is too low for now. *pray pray*
  • err...wont go to 3.20..tats is so much..but to stable i think will be round 3.50
    the adsense...err..luckily din make any revenue yet for me haha
  • i think it will prob be 3.5 or 3.6.

    3.2 is just too low? .i dont know.
blog comments powered by Disqus