MYR vs SGD - Why Are We So Behind?

Will MYR ever get stronger? 🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ 🔴 𝗦𝘁𝗮𝗿𝘁 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝘄𝗶𝘁𝗵 𝗜𝗕𝗞𝗥 ➡️ ⬇️ Timestamps: 0:00 → Introduction 0:42 → Economic Fundamentals in MY and SG 3:07 → Monetary Policies in MY vs SG 6:54 → The future of MYR? 9:11 → Conclusion The Malaysian Ringgit has depreciated by about 38% over the past decade, equivalent to an average annual depreciation of about 4%. This depreciation can be attributed to several factors, including economic fundamentals and monetary policies. From an economic perspective, Singapore has outperformed Malaysia in terms of GDP per capita, with Singapore’s GDP per capita reaching USD 72,000 compared to Malaysia’s USD 11,000 in 2021. While Malaysia possesses natural resources such as oil, gas, palm oil, and rubber, its economy is heavily reliant on global commodity price fluctuations. In contrast, Singapore manages its currency differently. The Monetary Authority of Singapore (MAS) controls the exchange rate rather than relying solely on interest rates. The MAS uses the Singapore Dollar Nominal Effective Exchange Rate (S$NEER), which measures the value of the Sing Dollar against a basket of currencies comprising major trading partners. By adjusting the S$NEER, MAS aims to keep the Sing Dollar at a level that balances affordability of imports with competitiveness of exports. This strategy has helped Singapore withstand the impact of US interest rate hikes and maintain a strong currency. — ❗️USEFUL LINKS❗️ ✅Start Investing in the U.S. market now!👇🏻 ✅Full Interactive Brokers Playlist👇🏻 ✅Beginner’s Step-By-Step Playlist to Start Investing 👇🏻 ✅Exchange-Traded Funds (ETFs) Playlist 👇🏻 ✅🎥All the gears that I use to make my YouTube videos: — SOCIAL MEDIA LINKS 🔵Facebook → 🟣Instagram → 🐦Twitter → 🌐Website → 💭Telegram → fIOOXUQJjsVmNmY1 🏠Discord → MYR SGD Malaysian Ringgit Singapore Dolars Malaysian Ringgit depreciation Singapore Dollar strength Malaysia Singapore Ringgit Economic fundamentals Malaysia GDP per capita Malaysia Singapore FDI comparison Malaysia Singapore Trade openness rankings Credit ratings Singapore Malaysia Currency management Malaysia Interest rate hikes currency depreciation Monetary policies Singapore Exchange rate management Singapore Currency basket SGD performance Future outlook Ringgit Political stability currency Economic policy changes Malaysia Role of US interest rate hikes on currencies MAS exchange rate policy Currency pegging pros and cons Hedging against currency depreciation #MYR #SGD #MalaysianRinggit #SingaporeDollar #RinggitDepreciation #EconomicFundamentals #GDPComparison #MYRvsSGD #InterestRateHikes #MonetaryPolicies #ForeignCurrencyExchange — Disclaimer: This content is provided by a paid Influencer of Interactive Brokers. Influencer is not employed by, partnered with, or otherwise affiliated with Interactive Brokers in any additional fashion. This content represents the opinions of Influencer, which are not necessarily shared by Interactive Brokers. The experiences of the Influencer may not be representative of other customers, and nothing within this content is a guarantee of future performance or success. None of the information contained herein constitutes a recommendation, promotion, offer, or solicitation of an offer by Interactive Brokers to buy, sell or hold any security, financial product or instrument or to engage in any specific investment strategy. Investment involves risks. Investors should obtain their own independent financial advice and understand the risks associated with investment products and services before making investment decisions. Risk disclosure statements can be found on the Interactive Brokers website. Interactive Brokers is a FINRA registered broker and SIPC member, as well as a National Futures Association registered Futures Commission Merchant. Interactive Brokers provides execution and clearing services to its customers. For more information regarding Interactive Brokers or any Interactive Brokers products or services referred to in this video, please visit .