The Malaysian ringgit is “remarkably undervalued” right now and provides some potential upside for long-term investors — if there can be more clarity on two matters, said DBS Group Research macro strategist Chang Wei Liang. “The interesting point about the ringgit is that it was historically very strong prior to the great oil crash, mainly because (the nation’s) current account and fiscal position were mainly supported by oil prices. Now we are back to the same scenario where oil prices are rising again but we have not observed the ringgit strengthening.
