RHB | Malaysia | Foreign Exchange Reserves Rose To USD105.8bn As At End-April

Economic Research	12 May 2015
Malaysia
Economic Highlights
Foreign Exchange Reserves Rose To USD105.8bn As At End-April The foreign exchange reserves posted an increase of USD0.7bn in April to USD105.8bn as at 30 April, compared with a decline of USD5.4bn in March (see Figure 1), the first rise in six months. In ringgit terms, the foreign exchange reserves rose by MYR2.7bn in March to MYR392.4bn as at 30 April, albeit slower than the increase of MYR3.7bn in the previous month due mainly to revaluation gain as the ringgit weakened against major currencies. The increase may have reflected partly the repatriation of export proceeds and probably helped by inflow of foreign short-term capital. At the current level, the foreign exchange reserves are sufficient to finance 8.0 months of retained imports and cover 1.1 times the short-term external debt of the nation, compared with 9.4 months of retained imports in the same period a year ago. Economist:  Peck Boon Soon  | +603 9280 2163 Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
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