QuestionThe Malaysian Ringgit experienced a significant depreciation against the US Dollar and theSingapore Dollar over the past few months.a. Provide your analysis on the depreciation of the Ringgit based on the databalance of payments Q4 2021 and Q1 2022.b. Explain the implications on Malaysia's foreign trade. BALANCE OF PAYMENTS Q4 2021 AND Q1 2022CURRENT ACCOUNTSQ4 2021GOODS AND SERVICESGOODS51761SERVICES-15426PRIMARY INCOME-19639SECONDARY INCOME-1363CAPITAL AND FINANCIALACCOUNTSCAPITAL ACCOUNT-298FINANCIAL ACCOUNTDIRECT INVESTMENT10530INVESTMENT PORTFOLIO2562FINANCIAL DERIVATIVES-1806OTHER INVESTMENTS-10623ERRORS AND ABANDONS-13133BALANCE2564Q4 202140549-14982-20135-2450-8620762-1008417319598-2059412751

When the price of one currency in terms of the other currency falls, it is known as the depreciation…

Question The Malaysian Ringgit experienced a significant depreciation against the US Dollar and the Singapore Dollar over the past few months. a. Provide your analysis on the depreciation of the Ringgit based on the data balance of payments Q4 2021 and Q1 2022. b. Explain the implications on Malaysia's foreign trade.

Question The Malaysian Ringgit experienced a significant depreciation against the US Dollar and the Singapore Dollar over the past few months. a. Provide your analysis on the depreciation of the Ringgit based on the data balance of payments Q4 2021 and Q1 2022. b. Explain the implications on Malaysia's foreign trade.

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter32: A Macroeconomic Theory Of The Open Economy

Section: Chapter Questions

Problem 6CQQ

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