Ringgit to remain exposed to periods of heightened volatility, says BNM governor

The ringgit is expected to remain exposed to periods of heightened volatility as uncertainties remain on the momentum of the global and domestic economic recovery, said Bank Negara Malaysia governor Nor Shamsiah Mohd Yunus.

She said the local note depreciated by 3.5 percent against the US dollar in the first quarter (Q1) of 2021, mainly due to the strengthening of the greenback, which also resulted in a broad-based weakening of other advanced and emerging market currencies...