Saturday 11 August 2018

Ringgit. No Brainer

Is the hit single from DJ Khaled, currently riding high on the UK charts.

It's a no brainer that the Ringgit currently trading at 4.08 to the US Dollar is going slide further beyond the RM4.10 mark before the coming week is over.

Already RHB is selling the Ringgit at RM4.21 to the dollar, while CIMB and Maybank has it at RM4.17 and RM4.14 respectively.

The wide discrepancy in the sale of currency between the three major banks is a firm indication that even the bank's don't know for sure yet, how low the Ringgit will go.