My friend told me that i should hold on converting my USD to MYR until after the elections. It is a known fact that the government will do a little window dressing on the currency and stock market just before the elections so that the people will think that the economy is good and so continue to back the ruling party.
it is also a known fact that the currency and stock market will not be propped after the elections and the values of the currency and shares will be adjusted according to market value.
Now that the 12th Malaysian general elections are over, true enough, the Malaysian Ringgit fell slightly today. However, some will put this down to the fact that the Kuala Lumpur stock exchange indices fell a massive 130 points earlier today but this could also be put down as an influence of Wall Street yesterday.
Whatever it is, I am grateful that I will be getting a greater value for my American dollar and that is all that matters, isn't it?
it is also a known fact that the currency and stock market will not be propped after the elections and the values of the currency and shares will be adjusted according to market value.
Now that the 12th Malaysian general elections are over, true enough, the Malaysian Ringgit fell slightly today. However, some will put this down to the fact that the Kuala Lumpur stock exchange indices fell a massive 130 points earlier today but this could also be put down as an influence of Wall Street yesterday.
Whatever it is, I am grateful that I will be getting a greater value for my American dollar and that is all that matters, isn't it?
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