{"id":60128,"date":"2023-12-05T17:28:43","date_gmt":"2023-12-05T09:28:43","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=60128"},"modified":"2023-12-06T12:02:14","modified_gmt":"2023-12-06T04:02:14","slug":"ringgit-forecast-2024","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/ringgit-forecast-2024","title":{"rendered":"Is The Ringgit In For Another Rough Year In 2024?"},"content":{"rendered":"

By now it goes without saying that 2023 was not a good year for the Malaysian ringgit. Earlier this year, ringgit fell to its lowest level in 25 years<\/a>, and was rated as the worst performer in Asia this year after the yen.<\/span><\/p>\n

The weak ringgit made its impact felt even in Malaysian households, as a combination of the weak ringgit and rising inflation <\/a><\/span>meant that purchasing power was significantly decreased for Malaysians.<\/span><\/p>\n

But what does the upcoming new year have in store for ringgit? Will we continue to see it plummet or will it start to bounce back and stabilise itself at a respectable level?<\/span><\/p>\n

<\/span>Rafizi explains ringgit\u2019s situation<\/b><\/span><\/h2>\n

Malaysia’s economic minister, Rafizi Ramli took to social media website X<\/a> (formerly known as Twitter) to explain that ringgit\u2019s downfall has to be looked at from a broader perspective.<\/span><\/p>\n

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Sementara nilai matawang sesebuah negara adalah salah satu dari petunjuk kedudukan ekonomi, ia hanyalah satu petunjuk berbanding petunjuk-petunjuk lain. pic.twitter.com\/aPKNXX7jwP<\/a><\/p>\n

\u2014 Rafizi Ramli (@rafiziramli) November 29, 2023<\/a><\/p><\/blockquote>\n