USD/MYR in 2015
USD/MYR opened 2015 at 3.52 and closed at 4.29, a +22.05% move for the year. The high of 4.46 was reached on September 29, and the low of 3.52 on January 2.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 3.52 | 3.63 | 3.63 | 3.52 | +3.24% |
| Feb | 3.63 | 3.61 | 3.64 | 3.54 | -0.52% |
| Mar | 3.63 | 3.7 | 3.73 | 3.62 | +1.98% |
| Apr | 3.7 | 3.56 | 3.71 | 3.55 | -3.72% |
| May | 3.56 | 3.66 | 3.66 | 3.56 | +2.92% |
| Jun | 3.68 | 3.77 | 3.78 | 3.68 | +2.52% |
| Jul | 3.74 | 3.82 | 3.82 | 3.74 | +1.91% |
| Aug | 3.85 | 4.19 | 4.26 | 3.85 | +8.88% |
| Sep | 4.16 | 4.39 | 4.46 | 4.16 | +5.52% |
| Oct | 4.4 | 4.29 | 4.41 | 4.12 | -2.54% |
| Nov | 4.29 | 4.24 | 4.4 | 4.21 | -1.16% |
| Dec | 4.24 | 4.29 | 4.32 | 4.21 | +1.13% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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