Interpret the performance of the ringgit against the US Dollar from 1995 to 2023: The Exchange Rate and the Malaysian Economy, Case Study, UM, Malaysia

QUESTION 1

Interpret the performance of the ringgit against the US Dollar from 1995 to 2023 (Refer to Figure 1).

QUESTION 2

Why do you think that the recent depreciation of the ringgit was driven by the
strengthening of the US Dollar from 2022 to 2023? (Support your justification from a report, journal, or any relevant information)

QUESTION 3

Interpret the performance of major and regional currencies against the US Dollar in 2022 (Refer to Figure 2).

QUESTION 4

If the depreciation in Ringgit is prolonged, what will be the expected impact on the winners and losers industry in the domestic economy in Sabah? (Support your justification from a report, journal, or any relevant information)

QUESTION 5

Do you agree to peg the Ringgit to prevent it from falling further? if not then why not?.