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Will Ringgit find its equilibrium soon?

At this point, we all need the Ringgit to find its bottom.

At this point, we all need the Ringgit to find its bottom.

Yes, we all know what has happened to Ringgit by now.

For existing foreign property owners who have fully paid for their investments, this is not good news.

For those foreign property owners who have borrowed to partially pay for their investments, it is good news for you as long as the RM depreciation rate is greater than the loan interest rate.

For local residents in Malaysia earning only RM income, the situation with RM may have neutral effect on you as long as you are consuming local produces with only content. Any imports into Malaysia would have been more expensive. We have had such experience during the financial crisis in late 1990s.

Local traders may see more business as more investors and tourists may rush into country. Foreign investors may see this as an opportune time to seek out value in real economy investments.
We just need to know the final equilibrium RM value to finalise our decision.

Just a quick simple review of the effect of a weakening ringgit.

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