The current political and economic crisis deepened in Malaysia in 2021. Many currency forecasters were predicting that the RM would fall an additional 20% from its September 30th value by the end of 2022. Required: 1. What was the percentage change in the value of the RM relative to the US dollar during September 2022? 2. What was the forecast RM/USD exchage rate for end 2022?
The current political and economic crisis deepened in Malaysia in 2021. Many currency forecasters were predicting that the RM would fall an additional 20% from its September 30th value by the end of 2022.
Required:
1. What was the percentage change in the value of the RM relative to the US dollar during September 2022?
2. What was the
Answer -
Given in the question-
The current political and economic crisis deepened in Malaysia in 2021. Many currency forecasters were predicting that the RM would fall an additional 20% from its September 30th value by the end of 2022
Need to find-
1. What was the percentage change in the value of the RM relative to the US dollar during September 2022
Answer -Many currency forecasters were predicting that the RM would fall an additional 20% from its September 30th value by the end of 2022
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