Malaysia\'s FX Reserves Drop to $112.8B in May 2024

Malaysia's foreign exchange reserves have decreased slightly, with the current indicator showing a figure of $112.8 billion in May 2024. This marks a decline from the previous figure of $113.4 billion. The data was last updated on 8th May 2024, indicating a recent shift in the country's foreign currency holdings. The change in FX reserves can impact a country's ability to support its own currency in the foreign exchange market and meet external obligations. Analysts will be monitoring how Malaysia manages its reserves in the face of economic challenges and global market dynamics.