Untill now,Msia economy is not fully recovered yet fr. the economy crisis 1997. Why our country is so badly affected in yr 97? Why not Spore, Hong Kong? It is bcoz our economy is not strong, just one attack, we can't survive.
Undervalued the exchange rate is a good policy to encourage people to invest to recover our economy.
However, it also affected some of the citizen like me. I have to pay ACCA at a higher exchange rate. For those who study in overseas, have to pay more $$ bcoz of the high exchange rate........
However, in economic view, fixed exchange rate policy is the right way to protect RM since our currency is still not strong enough to face challenges.