Malaysia pegs its currency, the Malaysian ringgit (MYR), to
the U.S. dollar. The
par value is MYR4 = US$1.
a. What is the par value priced in US$ terms for MYR 1?
b. Bank Negara decides to widen the t
Malaysia pegs its currency, the Malaysian ringgit (MYR), to the U.S. dollar. The par value is MYR4 \( = \) US\$1. a. What is the par value priced in US\$ terms for MYR 1? b. Bank Negara decides to wid