WEBINAR: What Does the On-Going Pandemic Have in Store for the Ringgit?

september, 2020

30sep9:00 am10:00 amWEBINAR: What Does the On-Going Pandemic Have in Store for the Ringgit?Zoom meeting (link to event will be forwarded on registration)

Event Details

MDBC and MBLBC together with CIMB, MFBC and MNBC are pleased to invite you for a webinar addressing the outlook for the Malaysian ringgit.

This year saw the Malaysian ringgit among the worst performing Asian currencies as it faced political and economic headwinds and a volatile exchange market fueled by the lingering covid-19 pandemic. Yet in Q3 the ringgit defied the odds to outperform most of its Asian peers as it benefitted from a weak dollar, a rebound in crude oil prices, and a robust demand for higher- yielding debt.

However, the road ahead still poses downside risks and uncertainty and the rally in the currency could come to a halt on 24th September, when FTSE Russell announces their decision on whether it will retain ringgit bonds in its World Government Bond Index.

Meanwhile, a question lingers whether the recent strength of the euro helped mask vulnerabilities? With an open economy, what are the consequences of a euro decline?

Join us on 30th September 2020 as Dr Ray Choy, Regional Head of Treasury and Market Research at CIMB sheds some light on the challenges facing the ringgit and the outlook for Q4 and 2021.




By email to [email protected]

Link to event will be forwarded upon registration



Please forward your questions to Allan Jensen before the event via [email protected]



  • Welcome Note by MDBC Chairman, Allan Jensen
  • Talk by Dr Ray Choy
  • Q&A
  • Closing by MBLBC President, Daniel Pans



Dr Ray Choy is Regional Head of Treasury and Markets Research at CIMB and heads a team of Fixed Income, Currencies and Commodities (FICC) research professionals across South East Asia. Ray’s experience in the financial markets spans two decades and includes G3 and Asian fixed-income and currency strategy, global bond funds management, regional equities investments, commodities research and credit ratings. Ray has set up both sell-side and buy-side research teams at investment banks and asset management companies. Apart from management duties, he remains actively involved with the formulation of FICC investment strategy.

Throughout his career, Ray’s research has been ranked in various regional polls, publications and Bloomberg. His team has also received an award for contributing to fixed income research and development of the Malaysian bond market. In addition, he is a regularly invited conference speaker and commentator through various media channels, and is a columnist in The Edge Weekly. Ray has published in peer-reviewed journals and authored a book titled ”Essays in Bond Market Economics”.

Ray graduated with Bachelors and Masters degrees with distinction, 1st class honours and Merit from Heriot-Watt University, University of London (LSE and SOAS) and completed his PhD degree focusing on sovereign credit ratings with the University of Nottingham.


(Wednesday) 9:00 am - 10:00 am