Been blogging nearly everyday...kinda bored doing work on the comp. nearly everynight..so whilst i have some spare time, i use these fingers to type something merapu..haha....em..let me see..the Thai issue...cant blame the Thai's for implementing an ad hoc capital control on their currency..why? lets try to explain it in simple terms. E.g: When someone from the UK wants to import nasi kandar from Malaysia (at an exchange rate of lets say 1 UK pound = RM7.00, which implies that Malaysia's money is kinda cheap) and then suddenly the Malaysian ringgit's value has appreciated (u get less RM with 1 UK pound) against the pound (say 1 UK pound = RM 5.80), it would make that nasi kandar maniac to think twice whether or not to import from Malaysia; which in turn would hurt Malaysian exports. Well, this was the case with Thailand. Their Baht appreciated, n they were worried whether it would hurt their exports. So they came up with this policy which actually kinda backfired and hurt their stock exchange (it wiped off millions of dolars out of Thai's stock market) ...
ok enuff enuff, im memang merapuing!........
back to work.
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