Nadlique's Blog of Financial Freedom
My Mission= To be Financially Free; My Time Horizon= 9 years; My Blog's Purpose= The Account of my Journey Towards my Goal
This is a continuation of my initial entry to address questions posed by Fariehaz in an earlier article on FOREX trading.
As usual, I’ll keep it simple. I won’t get into too much details.
First of all, currency peg means fixing the exchange rate of one currency against the other (contrast with floating exchange rates). For example, the Malaysian Ringgit (MYR) was pegged with the US Dollars (USD) at 3.800, after the Asian financial crisis.
So, how is a currency pegged?
This blog is about the journey of a 33-year-old Malaysian towards financial freedom. This blog was started back when the blogger was 21 years old. However, his journey towards financial freedom had begun way before that. Materials such as investing, business, entrepreneurship, equities, and real estate are presented. The author also posts his thoughts and observations on life in general. At the moment, the focus of this blog will be about his schools and his passion. Read More…
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