Ringgit Weakness: It's All Relative

The ringgit has fallen by 9% to the greenback on a year-to-date basis, levels not seen since the Asian Financial Crisis in 1998. Some view the weakening currency as an indication that Malaysia’s economy is on the rocks, but is that necessarily the case? Business commentator Pankaj C. Kumar helps us make sense of the relative value of currencies, and also highlights the structural issues in the economy that underpin the value of the ringgit.