I would usually react rather insipidly because firstly I'd be at home and spending in Ringgit and no reason to be needing to convert currencies and secondly, this came as no surprise.
This time, though, it is different because I am now in the US with my daughter who is studying here. I am concerned. Worried over what is to follow.
Early this year when my daughter came here to continue her American degree program at California State University, the exchange rate was hovering around RM3.81-82 to the USD.
Before I left on Aug 10, it was 3.86.
Sure, this will hit me as a parent with a daughter in the US.
But I have to say that I am a little fortunate because I actually was prepared for this.
Last year when preparing my daughter's departure to the US, I opened a foreign currency (USD) account back home so that any fluctuation in rates will not affect me. Yes, thank God, I did that.
Nevertheless, the concern is real.
But, we've been through this before. Thankfully, our prime minister then , Datuk Seri (now Tun) Dr Mahathir Mohamad handled it brilliantly, confounding all and sundry by imposing capital control and we not only survived but overcame it all.
We could have gone the Indonesian way if we had submitted to the IMF.
Most Malaysians who experienced that will never forget those trying times.
I do feel for those who are supporting their children's studies in the US. It will hit them, if it has not already.
I remember years ago when the exchange rate between the Ringgit and Pound Sterling began to make a sharp increase, some parents were forced to end their children's studies in Britain. Their kids had to return home.
I can only pray that we will overcome - yet again another trial and tribulation. How, I don't know -- I am no economist. But I was not born yesterday. Isn't this a cycle? Malaysia is not alone. So whether global forces will come together to bring stability back or for our prime minister Datuk Seri Najib Razak to come up with a brilliant plan -- time will tell. Let's hope it will be soon.
We will see ...