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Message: <blockquote data-quote="links" data-source="post: 724600" data-attributes="member: 3078">RM value will depend on the market power........higher demand then go up..lower demand then go down...no fix at any point..so can go very high and ofcourse very low also.... no longer fix at a rate....if we join brunei and sg...their current rate to USD is USD$1 to SG$1.6x...while ours is only USD$1 to RM$3.8.....the gap is more than double...which means our export goods price will rise more than 1 times....but in another hand the imported goods will be cheaper 1 times also..but guess wont benefit us that much becoz our G definitely will apply higher tax to protect their own ppl....but with 1 times increase in export cost...we will lost export trade becoz our goods will be too expensive to others....Also our debt to overseas will reduced as most of the borrowings are in USD..since RM value up means we pay less for the loan to overseas debtor....There are pro and cons...but export is very important to our econ without export we dont have much business to do...</blockquote>

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