RHB | Malaysia | Foreign Exchange Reserves Fell To USD105.5bn As At End-June

Economic Research	08 July 2015
Malaysia
Economic Highlights
Foreign Exchange Reserves Fell To USD105.5bn As At End-June The foreign exchange reserves posted a drop of USD0.9bn in June to USD105.5bn as at 30 June, compared with an increase of USD0.6bn in May and an increase of USD0.7bn in April (see Figure 1). In ringgit terms, the foreign exchange reserves rose by MYR3.9bn in June to MYR398.1bn as at 30 June, adding to the increase of MYR1.9bn in the previous month. The increase partly reflected the weakening of the ringgit after taking into account the quarterly adjustment for foreign exchange revaluation changes. At the current level, the foreign exchange reserves are sufficient to finance 8.2 months of retained imports and cover 1.1 times the short term external debt of the nation, compared with 9.0 months of retained imports and 1.3 times the short-term external debt in the same period a year ago. Economist:  Peck Boon Soon  | +603 9280 2163 Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
To access our recent reports please click on the links below: 03 July: Exports Remained Sluggish In May, On Weak Demand And Lower 01 July: Fitch Affirmed Malaysia’s Credit Rating And Outlook Upgraded To Stable 01 July: Broad Monetary Aggregate Weakened But Loan Growth Held Up In May 19 June: Inflation Picks Up In May, But Overall Demand Pressure Still Subdued 11 June: Industrial Production Eased And Manufacturing Sales Fell In April Post-GST 08 June: Foreign Exchange Reserves Rose To USD106.4bn As At End-May