PETALING JAYA: The steadily strengthening ringgit has been warmly welcomed by parents of children studying overseas and for travellers looking to get more out of their money.
For those with children studying or looking to study abroad, a stronger ringgit would mean a less painful budget.
“This is very good news for Malaysians, who always complain that our currency rate is too low in comparison to other countries,” said lecturer Jenny Lee, 49.
She said it would definitely help in overall household budget management.
“Without a tight constraint, my son will have more opportunities to explore and do more abroad besides just studying,” she said.
Accountant Susan Chong, 35, said this meant more savings or investments in other areas.
“I'm helping to pay for my younger brother's education. Hopefully the ringgit continues to strengthen until he finishes his studies in the United States,” she said.
Avid traveller Jess Chong, 23, said with the weakening of the US dollar, she had more reason to be excited about her upcoming trip to Miami in the United States.
“Expenses will be lower. My favourite destinations such as Thailand and Cambodia will also be more affordable,” she said.
“Now I can save money from my part-time jobs and travel more,” the mass communication student added.
However, parents with children studying in Australia were not too happy as the Australian dollar was rising.
Auditor Andrew Chin said he had to fork out a considerable amount for his son's living expenses in Sydney.
“The real killer is the textbooks. As an engineering student who relies on textbooks, my son can spend up to a few thousand ringgit,” he said, adding that his son had picked up cooking as eating out was too costly.
Warm Regard, Sara Pandian
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