• Property

CIMB Group Holdings Bhd is predicting that the ringgit will continue to strengthen and they have forecasted the ringgit to hit US$1 to RM4.22 level within 2024. Just imagine within the past 12 months, there has even been predictions that ringgit may reach RM5 to US$1 and now the prediction is for RM4.22 level. Just remember, this is because the US$ is depreciating because the Federal Reserve (BNM equivalent in the US) may be deciding to cut their rates. With this expectation, US$ has started its drop for weeks now.