The fundamental question each investor or Human whom have savings in MYR should be asking is - FROM who & what funds had the Malaysian govt use to PROP up the MYR?
1) For those whom are savvy in financial markets, will understand GRADUAL increases in currency rates, often due to natural market forces, BUT will NOT be able to comprehend SHARP rises in the same currency rate, & will only attribute it to UNNATURAL market forces, such as currency manipulators....
2) Malaysia is an exporting nation. With the rise in its currency, while most would be happy, but ultimately, it will affect its EXPORTING prices for the many goods it produces in a competitive Worldwide market, & should it price itself out, its companies & farms will fold, causing rise in unemployment & even higher inflationary rates to its citizens....leading to eventual stagflation which would occur...sinking its economy...
