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.
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!