USD to MYR Exchange Rate at 3.76

USD to MYR at 3.76

Factors
– Potential Fitch downgrade
– Foreign funds outflow
– 1MDB & political stability

Effect
– USD to MYR range est. by analysts increase 3.55-4.00 (Mid point 3.70 previously 3.50)
– Slight positive impact on economy due to forex gains & export competitiveness
– Expect readjust to fundamental value once domestic issues resolved