Malaysia ringgit hit the lowest point since 1998

It has been almost 18 years since the last economic crisis. The last time, the ringgit was pegged at 3.80 MYR per USD. Now 18 years later it reach 4.03 MYR per USD.

Earlier this month, financial expert said the ringgit won’t reach 4.00 MYR per USD this year or next year. After almost 8 days later the world have proved they was wrong.And what make the situation hurt the most? We have monkey-brain minister managing the country. Who think the current situation will not have any effect at all to Malaysia citizens.

Guess what? This blog is currently hosted on DigitalOcean droplet and it cost me 5 USD or 20.16 MYR per month. On 1 January 2015, it would only cost me 17.50 MYR. That is 2.66 MYR (13%) increase. In 1 year it would cost me 241.92 MYR when i should able to save 31.92 MYR per year if the ringgit float at 3.50 MYR.

So, it amaze me when our minister feel the current situation on Malaysia don’t have any effect on ringgit or the current ringgit don’t have any effect on life style.

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