As per COVID 19 the currency market has been volatile. During this time people tend to buy safe haven currencies like the USD. Emerging market currencies tend to be on a downtrend. Hence you need to be on top of your game to pick and choose the right currencies to buy. As for the Malaysian Ringgit the currency is weak due to a combination of factor, unstable politics, the price of crude oil is down and not forgetting the COVID19 virus. Things need to stabilise to make the Ringgit back to strength. It will take a good 6 months period for the economy to kick start and getting better.
There will be changes on the landscape of how we conduct business post-MCO. More people will work from home and online business will be the norm. The MCO has been an eye-opener, especially with the majority of individuals working from home. This could be the working culture going forward as businesses may realise that they can operate their business without an actual, physical premise. This would mean lower transportation costs as workers may not need to to travel to work and less congestion on road.
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