Pardon the line taken from the Transformers 2: Revenge of the Fallen movie title, but if you accidentally stumbled upon a stash of hundred ringgit bills somewhere along the kerb, would you pick them up? Or will you think that it is a carefully-planned trap laid out by someone who will pounce on you the moment you bend down to pocket all that cash? Or will you ask yourself whether all these available dollar bills are even worth your effort in the first place?
I suppose your answer doesn’t matter now. Whatever your response may be, it couldn’t possibly come at a worse time than what is happening now to our Malaysian currency. In case you’re wondering, no, I didn’t come across any hundred dollar bills on the sidewalk. If I did, I would probably pocket it because whoever dropped it would not have noticed it until it was too late. And yes, I’d probably look around too, to see who is crouching behind the nearby bushes, waiting to pounce on an innocent girl like me.
On my last check-in to the Foreign Currency Exchange website, the Malaysian currency has fallen to an approximate of one US dollar (US$1.00) equivalent to four ringgit and thirty-three cents (RM4.33). So if you wanted to buy that exquisite and intricately-detailed galloping-horse figurine you saw on a website in U.S., you might want to rethink and reconsider your decisions. Whatever the amount was, it isn’t worth the idea of breaking your Malaysian bank account just for that one statue.
Like I was eyeing a coffee-based designer mug on Hey Shabby Me (they really have cool designer mugs and pillows, you can check them out if you can afford it), and it costs me US$13.00 to purchase it on their website. The amount in US dollars is not a lot if you compare it dollar to dollar, but after you convert the dollars to ringgit, the idea of paying RM56.00 for a mug doesn’t sound so tempting anymore.
There are a lot of reasons, I suppose, that are linked to the falling of our currency but I won’t be going into any details of it as I may or may not be right. There are some who say that the fluctuating oil prices also have a hand in our falling ringgit. And then there are some who may disagree with you and say that the unstable political condition in the country is the bigger problem that affects our currency instability.
Whatever your comments may be, they are not up to me to decide. All I know is that the dive-into-the-deep-end of our currency is making online purchases more challenging because once you convert, you give up chasing the item of your dreams. Unless you want to spend, that’s up to you. Even planning vacations is a challenge because some hotels deal in US dollars! I guess now would be a good time to focus on local travel and tourism. After all, Malaysia is always trying to promote local tourism via their ‘Cuti-Cuti Malaysia‘ scheme.
Visit the Official Tourism of Malaysia website for more information! We do have our share of spectacular beaches and superb sightseeing locations for tourists all over the world.