Archive for November 1st, 2006

Trading: The Ringgit

November 1, 2006

By coincidence after my last post I came across this note on the ringgit. Being aware of currency strengths and weaknesses is important because it is no good making money trading while your currency is weakening. That is like swimming against a tide. The 2 biggest enemies to your portfolio are inflation and currency depreciation. Luckily for us Malaysians, we are fortunate enough (in my opinion) to live at a time when the ringgit is set to strengthen, so I am happy parking a lot of cash there right now.