Experts see many benefits in a stronger currency.
Malaysia's macroeconomic health appears to be better than ever, and while it is easy to attribute this to the roaring stock market, a big reason for the rally is the strengthening of the ringgit.
Since the seven-year peg was removed in July 21, 2005, the local currency has appreciated 12% against the US dollar. It now trades in a managed float against a basket of undisclosed currencies and hovers at the RM3.40 level versus the dollar.
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