We are somehow not fully floating the RM yet. Any country should have a stable fluctuate currency range. Even though our fundamental remain strong and prudent. BNM should have intervened RM range of fluctuation. When it has reach 10% level from RM 3.00 to 3.30.
I always have an impression that BNM is trying to ensure a soft RM maintain our manafucaturing competitiveness. They will deny but I think they are not doing a good job when during with crisis.
They have plenty of chances when RM at 15% depreciation level. Now it is at RM 3.60 vs USD and looking to further towards RM 3.70.