About the Video
Is MYR the next SGD? Can it continue to be the best performing currency in the world?
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⬇️ Timestamps:
0:00 → Introduction
0:48 → Why has MYR become so strong?
1:16 → US Fed Rate Cut
2:35 → Moomoo ad break
3:52 → Increase in Foreign Investments
5:19 → BNM & Government encourage repatriation of overseas funds
6:16 → Other factors resulting to stronger MYR
7:27 → What is the implication of a strong ringgit?
7:41 → The pros of the rising Ringgit
8:53 → The cons of the rising Ringgit
10:10 → Will the strengthening of MYR last?
Curious why the Malaysian Ringgit (MYR) is skyrocketing in 2024? In this video, we break down everything you need to know about the world’s best-performing currency in 2024. Just last year, we feared it might drop to RM5 against the USD, but now it’s rebounded nearly 15%! We explore what led to this rapid recovery, from the US Fed rate cuts to foreign investments flooding into Malaysia.
Is this rise a temporary spike, or are we witnessing the dawn of Malaysia’s financial dominance? We’ll also dive into the pros and cons of a strong Ringgit, how it affects imports, exports, and your travel plans, and whether it’s sustainable.
Also, with the strong Ringgit, now might be a perfect time to invest in US stocks. But if you’re still a bit hesitant about diving into the stock market—no worries! , try out Moomoo’s U.S. Stock Paper Trading Competition—it’s free, risk-free, and could get you great rewards! You’ll trade with $1 million in virtual funds, compete for a share of $20,000 in weekly rewards, and top traders can win even bigger prizes and get featured on the NASDAQ screen in Times Square New York! Join now from 2024 October 14th to November 16th.
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Disclaimer: All views expressed in this video are the independent opinions of Ziet, which are not necessarily shared by Moomoo Securities Malaysia Sdn. Bhd. (“Moomoo MY”). No content shall be considered financial advice or recommendation. Moomoo MY links are included in this post, through which referrals are made and Ziet may receive certain commissions. Please contact Moomoo MY for more information.
