Internationalisation of ringgit reimagined (Part 2 of 3)


Wong Chin Yoong

Although an internationalised ringgit could be more volatile than the inconvertible one as order flows accelerate ensuing offshore participation, volatility invites arbitrage, and arbitrage limits volatility. – The Malaysian Insight file pic, July 20, 2023.

THE ringgit has been regaining strength in the past week as the data released in the United States show that the inflation rate is contining to drop and seems no longer too hot for the Federal Reserve.

Being overshot for some time, the ringgit would have greater odds to bounce back more robustly.


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