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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?


To: Stitch who wrote (7373)11/3/1998 1:13:00 AM
From: peter michaelson  Read Replies (2) | Respond to of 9980
 
Stitch:

With other nearby Asian currencies having appreciated substantially since Malaysia fixed the ringgit, my bet is your leader regrets that move.

Wouldn't we be at under 3.0 ringgit to the USD by now?

And just maybe the fixing is part of what spurred the rise in other currencies, by putting the strong prospect of a floor by fiat in place.

peter