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Cheapest Currency in Southeast Asia Gives Malaysia an Edge in Export Race

  • Ringgit has declined more than 7% in the past 12 months
  • Central bank is forecast to hold key rate at 3% on Thursday
General Economy As Ringitt Extends Decline
Photographer: Sanjit Das/Bloomberg

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When the global trade rebound came this year, Malaysia held one advantage over its peers: the cheapest currency in Southeast Asia.