Exchange rate of Malaysian Ringgit (MYR) forecasting using decomposition method

• Main Authors: Mohamad, Nurhana, Ahmad Nordin, Norain, Haironodin, Khairiah, Mohd Zakaria, Noor Rina Najiha, Jauhal, Nur Milen
• Other Authors: Mohd Noor, Siti Fatimah
• Format: Book Section
• Language: English
• Published: Penerbit UTHM 2020
• Subjects: HC79 Special topics. Including air pollution, automation, consumer demand, famines, flow of funds, etc.
• Online Access: http://eprints.uthm.edu.my/2227/1/Ch04.pdf; http://eprints.uthm.edu.my/2227/
• Institution: Universiti Tun Hussein Onn Malaysia

The Malaysian Ringgit (MYR) foreign exchange rate has fallen to the lowest level since the 2008 global credit crisis [1]. Hence, the selection of countries for three selected continents in the world has been conducted to study their currency exchange rate and investigate this statement. USD, EUR and MYR currency were selected for data. The data of a daily exchange rate of USD-MYR, EUR-MYR and CNY-MYR were obtained from the official website Bank Negara Malaysia [2] and be used in forecasting process. The project objectives are to forecast Malaysia currency for future incoming October 2016 by using the Decomposition method and to predict the rate of Malaysia currency for incoming October 2016 until through assessing and analyzing by Microsoft Excel.