The NEER and REER page has been updated.
Since there’s a lot of interest in exchange rate movements this past few weeks, I’ve accelerated the timetable for this month. As expected, we’re seeing broad based declines across all the indexes, with the nominal broad index falling -2.03% in November, and -2.11% in real terms, compared to –0.61% and –0.79% in October. On a yoy basis though, the Ringgit has dropped just –0.74% in nominal terms and is actually up 0.08% in real terms. Across the currency components, the sharpest drops were recorded against the USD, GBP and HKD (no surprise, since the HKD is on a currency board with the USD), and MYR falls were recorded against every component currency with the exception of the JPY, which saw a 0.7% increase.
- Indexes have been updated to November 2016
- CPI deflators and forecasts have been updated for October/November 2016
- Trade weights have been updated for the 2Q2016 and the 3Q2016. This caused revisions to the indexes from April 2016 onwards