{"id":17035,"date":"2015-06-19T16:26:46","date_gmt":"2015-06-19T08:26:46","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=17035"},"modified":"2015-06-19T16:26:46","modified_gmt":"2015-06-19T08:26:46","slug":"ringgit-may-spike-above-rm3-80-by-end-2015","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015","title":{"rendered":"Ringgit May Spike Above RM3.80 By End 2015"},"content":{"rendered":"<p>According to a <em>Bloomberg<\/em> report, analysts are predicting that the Ringgit is likely to go above the RM3.80 mark by the end of 2015.<\/p>\n<p>Macquarie Bank Ltd was said to be reviewing its previous end-of-year forecast of RM3.75 in the light of waning demand for emerging-market currencies, while Barclay Singapore\u2019s Asia Pacific Foreign Exchange Strategy predicts that the Ringgit will end the year at RM3.95.<\/p>\n<p>According to Westpac Banking Corp., the likelihood of the Ringgit breaching RM3.80 is not a matter of if, but a question of when.<\/p>\n<p>According to Bank Negara\u2019s Governor Zeti Akhtar Abdul Aziz, fundamentals will prevail once the uncertainty affecting market sentiment subsides.<\/p>\n<p>Despite her assurance, analysts say that potential for recovery may be hampered by several factors:<\/p>\n<ul>\n<li>Recent implementation of the Goods and Services Tax (GST) which has resulted in inflation rising to 1.8%.<\/li>\n<li>Brent crude prices have dropped 43% from its peak in 2014.<\/li>\n<li>Overseas shipments fell again in April.<\/li>\n<li>Drop in exports may cause a reduction in the current account surplus which stood at RM10 billion ringgit (US$2.7 billion) for the first quarter.<\/li>\n<\/ul>\n<p>Analysts further predict that higher US interest rates will result in capital outflows, given that 32% of the nation\u2019s sovereign bonds are held by foreign investors. A 8% drop in Bank Negara\u2019s foreign exchange reserves since December will limit its capacity to defend the ringgit.<\/p>\n<p>Former Prime Minister Dr Mahathir Mohamed voiced out recently that re-pegging the Ringgit would be one way to stabilise the exchange rate. Malaysia previously imposed capital controls in 1998, when the Ringgit plunged to a record RM4.885 per US Dollar following the collapse of the Thai Baht. The crisis forced Mahathir\u2019s administration to peg the Ringgit at RM3.80 to the US Dollar.<\/p>\n<p>Analysts also believes that Bank Negara\u2019s ability to fight the stronger dollar trend is being diminished. This puts Malaysia at the risk of a credit rating downgrade by Fitch Ratings in June. Currently rated -A, a review is expected by the end of June, with 1Malaysia Development Berhad\u2019s (1MDB) massive debts likely to be a major factor.<\/p>\n<p><em>[<a href=\"http:\/\/www.freemalaysiatoday.com\/category\/nation\/2015\/06\/15\/ringgit-may-end-2015-above-rm3-80\/\" target=\"_blank\" rel=\"no follow\">Source<\/a>]<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts cite GST\u2019s inflationary effect, drop in crude prices, lower forex reserves, higher US interest rates and 1MDB debts as reasons for dip in Ringgit. <\/p>\n","protected":false},"author":29,"featured_media":17037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[271,216,284],"tags":[],"class_list":["post-17035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news-updates","category-ringgit"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ringgit May Spike Above RM3.80 By End 2015 | iMoney<\/title>\n<meta name=\"description\" content=\"Analysts cite GST\u2019s inflationary effect, drop in crude prices, lower forex reserves, higher US interest rates and 1MDB debts as reasons for dip in Ringgit.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ringgit May Spike Above RM3.80 By End 2015 | iMoney\" \/>\n<meta property=\"og:description\" content=\"Analysts cite GST\u2019s inflationary effect, drop in crude prices, lower forex reserves, higher US interest rates and 1MDB debts as reasons for dip in Ringgit.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015\" \/>\n<meta property=\"og:site_name\" content=\"iMoney Malaysia\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-19T08:26:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2015\/06\/o.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emmanuel Surendra\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emmanuel Surendra\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-may-spike-above-rm3-80-by-end-2015#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-may-spike-above-rm3-80-by-end-2015\"},\"author\":{\"name\":\"Emmanuel Surendra\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#\\\/schema\\\/person\\\/a7c6c5ecf3ba99234373c75acdff7fa4\"},\"headline\":\"Ringgit May Spike Above RM3.80 By End 2015\",\"datePublished\":\"2015-06-19T08:26:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-may-spike-above-rm3-80-by-end-2015\"},\"wordCount\":352,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-may-spike-above-rm3-80-by-end-2015#primaryimage\"},\"thumbnailUrl\":\"\\\/articles\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/o.jpg\",\"articleSection\":[\"Economy\",\"News Updates\",\"Ringgit\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-may-spike-above-rm3-80-by-end-2015#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-may-spike-above-rm3-80-by-end-2015\",\"url\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-may-spike-above-rm3-80-by-end-2015\",\"name\":\"Ringgit May Spike Above RM3.80 By End 2015 | iMoney\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-may-spike-above-rm3-80-by-end-2015#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-may-spike-above-rm3-80-by-end-2015#primaryimage\"},\"thumbnailUrl\":\"\\\/articles\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/o.jpg\",\"datePublished\":\"2015-06-19T08:26:46+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#\\\/schema\\\/person\\\/a7c6c5ecf3ba99234373c75acdff7fa4\"},\"description\":\"Analysts cite GST\u2019s inflationary effect, drop in crude prices, lower forex reserves, higher US interest rates and 1MDB debts as reasons for dip in Ringgit.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-may-spike-above-rm3-80-by-end-2015#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-may-spike-above-rm3-80-by-end-2015\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-may-spike-above-rm3-80-by-end-2015#primaryimage\",\"url\":\"\\\/articles\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/o.jpg\",\"contentUrl\":\"\\\/articles\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/o.jpg\",\"width\":800,\"height\":350},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/ringgit-may-spike-above-rm3-80-by-end-2015#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy\",\"item\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/category\\\/economy\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Ringgit May Spike Above RM3.80 By End 2015\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#website\",\"url\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/\",\"name\":\"iMoney Malaysia\",\"description\":\"Everything you need to know about improving your personal finances.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/#\\\/schema\\\/person\\\/a7c6c5ecf3ba99234373c75acdff7fa4\",\"name\":\"Emmanuel Surendra\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ec3cb644c86b39862e483cdb03c26731f25da7bf9c29e48e6c547055668d7eac?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ec3cb644c86b39862e483cdb03c26731f25da7bf9c29e48e6c547055668d7eac?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/ec3cb644c86b39862e483cdb03c26731f25da7bf9c29e48e6c547055668d7eac?s=96&d=mm&r=g\",\"caption\":\"Emmanuel Surendra\"},\"description\":\"Emmanuel writes to live. Prior to iMoney, he was a subeditor at The Malaysian Insider and a freelancer for various publications.\",\"url\":\"https:\\\/\\\/www.imoney.my\\\/articles\\\/author\\\/emmanuel-surendra\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ringgit May Spike Above RM3.80 By End 2015 | iMoney","description":"Analysts cite GST\u2019s inflationary effect, drop in crude prices, lower forex reserves, higher US interest rates and 1MDB debts as reasons for dip in Ringgit.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015","og_locale":"en_US","og_type":"article","og_title":"Ringgit May Spike Above RM3.80 By End 2015 | iMoney","og_description":"Analysts cite GST\u2019s inflationary effect, drop in crude prices, lower forex reserves, higher US interest rates and 1MDB debts as reasons for dip in Ringgit.","og_url":"https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015","og_site_name":"iMoney Malaysia","article_published_time":"2015-06-19T08:26:46+00:00","og_image":[{"width":800,"height":350,"url":"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2015\/06\/o.jpg","type":"image\/jpeg"}],"author":"Emmanuel Surendra","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Emmanuel Surendra","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015#article","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015"},"author":{"name":"Emmanuel Surendra","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7c6c5ecf3ba99234373c75acdff7fa4"},"headline":"Ringgit May Spike Above RM3.80 By End 2015","datePublished":"2015-06-19T08:26:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015"},"wordCount":352,"commentCount":0,"image":{"@id":"https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015#primaryimage"},"thumbnailUrl":"\/articles\/wp-content\/uploads\/2015\/06\/o.jpg","articleSection":["Economy","News Updates","Ringgit"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015","url":"https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015","name":"Ringgit May Spike Above RM3.80 By End 2015 | iMoney","isPartOf":{"@id":"https:\/\/www.imoney.my\/articles\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015#primaryimage"},"image":{"@id":"https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015#primaryimage"},"thumbnailUrl":"\/articles\/wp-content\/uploads\/2015\/06\/o.jpg","datePublished":"2015-06-19T08:26:46+00:00","author":{"@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7c6c5ecf3ba99234373c75acdff7fa4"},"description":"Analysts cite GST\u2019s inflationary effect, drop in crude prices, lower forex reserves, higher US interest rates and 1MDB debts as reasons for dip in Ringgit.","breadcrumb":{"@id":"https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015#primaryimage","url":"\/articles\/wp-content\/uploads\/2015\/06\/o.jpg","contentUrl":"\/articles\/wp-content\/uploads\/2015\/06\/o.jpg","width":800,"height":350},{"@type":"BreadcrumbList","@id":"https:\/\/www.imoney.my\/articles\/ringgit-may-spike-above-rm3-80-by-end-2015#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.imoney.my\/articles\/"},{"@type":"ListItem","position":2,"name":"Economy","item":"https:\/\/www.imoney.my\/articles\/category\/economy"},{"@type":"ListItem","position":3,"name":"Ringgit May Spike Above RM3.80 By End 2015"}]},{"@type":"WebSite","@id":"https:\/\/www.imoney.my\/articles\/#website","url":"https:\/\/www.imoney.my\/articles\/","name":"iMoney Malaysia","description":"Everything you need to know about improving your personal finances.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.imoney.my\/articles\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.imoney.my\/articles\/#\/schema\/person\/a7c6c5ecf3ba99234373c75acdff7fa4","name":"Emmanuel Surendra","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/ec3cb644c86b39862e483cdb03c26731f25da7bf9c29e48e6c547055668d7eac?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/ec3cb644c86b39862e483cdb03c26731f25da7bf9c29e48e6c547055668d7eac?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ec3cb644c86b39862e483cdb03c26731f25da7bf9c29e48e6c547055668d7eac?s=96&d=mm&r=g","caption":"Emmanuel Surendra"},"description":"Emmanuel writes to live. Prior to iMoney, he was a subeditor at The Malaysian Insider and a freelancer for various publications.","url":"https:\/\/www.imoney.my\/articles\/author\/emmanuel-surendra"}]}},"_links":{"self":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/17035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/comments?post=17035"}],"version-history":[{"count":4,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/17035\/revisions"}],"predecessor-version":[{"id":17041,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/posts\/17035\/revisions\/17041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media\/17037"}],"wp:attachment":[{"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/media?parent=17035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/categories?post=17035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.imoney.my\/articles\/wp-json\/wp\/v2\/tags?post=17035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}