Lately Bank Negara Malaysia announced to increase the OPL for 0.25% to 2.5% from 2.25%. This act might make the RM currency stronger. At least it was my concern. Now the declining currency rate of MYR shows I am wrong. Currency of SGD to MYR is increased to 2.36 from 2.32, on 23rd May 2020. So, MYR is weaker. Why?
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