Friday, October 13, 2017

Effective Exchange Rate Indexes: September 2017 Update

The NEER and REER page has been updated, as has the Google Docs version.


September was a turnaround month for the Ringgit. The year on year changes are still negative, but all six indices posted gains on the month, and the best positive performance since May-17. Capital inflows were apparently the main reason. The Broad Nominal index rose 1.26%, while the Broad Real index rose 1.04%.

On a bilateral basis, the Ringgit rose against 14 out of 15 currencies. The biggest gains were against the JPY (+2.66%), the INR (+2.49%), the KRW (+1.86%), the USD (+1.72%), and the PHP (+1.70%). The only drop recorded was against the GBP (-1.22%).



  1. Indexes have been updated to September 2017
  2. CPI deflators and forecasts have been updated for August/September 2017


  1. Looks like the GAP between CADUSD, AUDUSD and MYRUSD has closed , Ringgit will be stuck around 4.2 unless some divergence from mean occurred again . damn.

  2. Morning Hishamh,

    Your thoughts on the 2018 budget, please.

    Thank you very much.

    1. BFM breakfast grille, tomorrow morning at 8am