RHB | Malaysia | Foreign Exchange Reserves Rose To USD106.4bn As At End-May

Economic Research	08 June 2015
Malaysia
Economic Highlights
Foreign Exchange Reserves Rose To USD106.4bn As At End-May The foreign exchange reserves posted an increase of USD0.6bn in May to USD106.4bn as at 29 May, compared with an increase of USD0.7bn in April (see Figure 1), marking a second consecutive month of rise. In ringgit terms, the foreign exchange reserves rose by MYR1.9bn in May to MYR394.3bn as at 29 May, albeit slower than the increase of MYR2.7bn in the previous month. 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 8.2 months of retained imports and cover 1.1 times the short-term external debt of the nation, compared with 9.1 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
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