Module 5 case assignment Example | Topics and Well Written Essays - 1000 words

Module 5 case - Assignment Example The new strategies aim at eliminating promotion of products and focuses on selling the recognized brands. The promotion based pricing strategy was initially adopted by the company but latter the company undertook mark-up pricing strategy which made room for promotional discounts. However, the new everyday pricing strategy helped the company to set prices at a lower range and eliminated the need for higher sales price. There are several changes in the pricing structure of the company as the prices no longer ended in decimal number such as $9.99 etc rather whole figures are used for the products. The price tags of the products employed only one price and did not print the retailing price of the manufacturers. This trend of printing the retailing price in the product provided greater comparison pertaining to the amount of product that should be sold. The retailer has made important changes in assorting merchandise (Hess, 2011). The company focused on its mini-stores within larger ones and evaluated that the mini-stores are selling higher than the larger one. The new pricing strategy never gained any attention and thus it is unsuccessful in making any change to the situation. The consumers are not happy with the pricing strategies and the sales of the company declined steadily as time passed. The company encountered a loss of $3.3 billion in the first year of sales of Johnson plan. The amount increased as it approached the second year. The annual revenue of the company in 2011 declined 25% a sharp decline after 1987 (Henricks, 2010). As a result of the decline the CEO announced that the company will not use the everyday pricing strategy anymore and would return to the previous coupons and discounts and would focus on advertised sales (Henricks, 2010; Hill, 2010). 1) Everyday pricing is not correctly executed by the company as it sells many products and does not concentrate on a unique one. Everyday pricing is

Food and plitics Essay Example | Topics and Well Written Essays - 1250 words

Food and plitics - Essay Example However, despite its successes, the food system is seen to still leave a lot to be desired as it is estimated that about eight hundred million people most of whom are situated in poor countries actually lack the necessary access to the food that they happen to require. The deficiencies that are witnessed in the global food system have caused malnutrition and undernourishment to now be classified as being the leading causes of both death and illness on the planet (Nestle, 2003) In the United States, an estimated about 325,000 people are hospitalized, and as many as 5,000 die because of ingesting viral and bacterial pathogens. The inadequacies noted to be inherent in the food system and concerns over the food that are consumed in the country have resulted in the society and the political system calling for the reversal of the consumption of unhealthy food options that are very much become a part of the our culture. The following paper discusses how politics influences the kind of food grown or consumed in not only in Australia but also in the entire globe. Individuals have a legal right to grow and eat almost any food that they may want, and people are now discovering that food has a lot to do with politics. According to Burros (2006), in today’s world where people are increasingly feeling more distant from the global forces that they perceive to be controlling their lives, most people are now taking action and doing the little they can by essentially voting with their trolleys and selecting healthier food options. Governments around the world are now increasingly becoming more active in calling for the adoption of healthier food options into the modern day culture. One of the biggest food challenges facing Australia today is the problem of obesity, and the country ranks highly among countries that have been affected by the condition (Moreno et al., 2011). The

The Hoax in Wal-Mart Essay Example | Topics and Well Written Essays - 750 words

The Hoax in Wal-Mart - Essay Example It employs over 2 million people, qualifying as the largest job provider in the private sector in the U.S, Canada and Brazil. With staggering revenue of four hundred and five billion dollars, the nearest competitor seems like a dwarf. Though these statistic depicts a success story, there a lot of hideous play behind the scenes.Wal-Mart trades more commodities with china as compared to other retailers in America. The yearly volume is to the tune of $25 a year. This mega imports cannot come at no cost to the economy and down to the other small retailers. Through its claim of being the apostle of the customer and its slogan of low cost, it pushes the suppliers to supply goods at the lowest cost possible. This ever-increasing pressure forces many suppliers to manufacture their goods outside the country where the labor is cheap. The imported merchandise is thus able to meet Wal-Mart’s demand on price. On a reflective note, how many stores are able to put such demands on suppliers? As the former chief executive officer of the now closed down Pillowtex observed, Wal-Mart inverted the natural order of the supplier having the say. Because of this, there arises an enormous disparity in the pricing of goods in Wal-Mart and other retail stores. When such a phenomenon occurs, the entire populace will certainly be persuaded to shop at the cheaper option. What follows is low turnover in competing stores and their eventual closure.

Cost Scenario Essay Example | Topics and Well Written Essays - 1000 words

Cost Scenario - Essay Example A feasibility study has to be conducted so that the management can take a decision as to accept or reject an order. Consultants Judy Capko and Rebecca Anwar suggested in an article for American Medical News. It will provide the objective information to evaluate existing services and strengths. An understanding of the competition and marketplace indicators that affect the business is possible. This is the best way to grasp the impact of future decisions which can be considered. The feasibility study will help to accurately anticipate what will and will not work in varied situations. The company will be able to determine what resources are essential to complete varied There are different alternatives which a company can choose from in order to solve its problem of whether or not to accept an order for a product which requires displacing another product from production. One alternative choice would be to hire someone who could take care of all the issues the company has. The company can hire someone who will discern whether the company will accept an order for a product which requires displacing another product from production. Another alternative action is to form a team that will find simple but efficient ways that can help in solving the company's problem. The team will develop an analysis that will choose between the ordered product and the products that might be displaced. The third alternative action for the company is to lessen its product offerings to give way to the new order. By lessening the product offering of the company, it will have lesser financial problems and lesser concerns but it can give the company lesser clients (Dallas Busi ness Journal, June 23, 2000). Risk analysis Quantitative risk analysis is a very useful instrument for considering risk, but it can only conduct risks that have been identified. There is always some confusion between the notion of identification and assessment. In many cases, managers and decision makers 3 presume that if quantitative risk analysis has been carried out then most possible risks have been addressed. They thus avoid engaging in a critical evaluation of the procedure. A good example of the lack of alertness of human factors within the risk assessment procedure caught up an organization that dealt with nuclear processing and subsequent storage of nuclear waste. The project concerned the design and development of an appropriate repository for the waste, which had a potential for high risk to society over a substantial timescale. Within the initial phase of the project development at the design and conceptual phase, quantitative risk analysis focused on the failure rate of technological issues. No provision was made for conducting risk assessment on the project team or any other people involved in the process, except in terms of technology. The risk for hiring someone to solve the problem is too much use of time. One person will have difficulty in providing solutions to a uni que problem. The risk for forming a team will be the differing views of each member of the team that might lead to inconsistent analysis of the problem.

Whats Love got to with it(1993) film analysis Essay

Whats Love got to with it(1993) film analysis - Essay Example But her prospects skyrocketed upon being discovered by Ike Turner, when living with her mother who had abandoned the family to live in St. Louis. Ike was already established as a performer himself, as well as producer/songwriter. (Maslin, 1993) So begins a compelling biographical biopic drama about the singing duo that has touched millions of lives worldwide. Ike appears to be the answer to Tina's prayers; an industry insider willing and able to foster her own rise to music stardom. Yet he hides (not for very long) personal demons that will drive him to heights, or depths of jealousy which will provoke in him abuses physical, emotional, and sexual. The film, and the unflinching glare that it shines upon the threats and consequences of domestic violence highlights an unexpected truth concerning Tina's rise. Ike aided her in more ways than the obvious; Anna Mae Bullock being the right person at the right time to take advantage of the opportunity he provided; and not simply in terms of physical access to industry resources. An analysis of the film reveals the perils and pitfalls to be overcome for those that seek to safeguard the vulnerable, (and not always women) from domestic violence. Apart from these systemic weaknesses in the law and prosecution thereof, this study shall also demonstrate that, despite the exhaustion, fear, and violence, there is a case to be made for the ways in which Tina needed Ike. Underscoring the complexities of managing the widespread threat of domestic abuse are Anna/Tina's long years of brutal, seemingly unprovoked beatings, the on-screen depictions of infidelity and various betrayals, and even a scene of apparent marital rape. Reminiscent of an indefatigable river-boat worker, (Keep on burning) the renamed Tina Turner suffers through the long slog of the showbiz hamster-wheel, driven to perform regardless of illness, bruises, or weariness. In order to escape the painful cycle, Tina could ultimately rely on no one but herself for the fortitude needed to break free. Ike's d epicted abuses should certainly constitute illegal domestic violence, but many battered women are forced to rely primarily upon themselves; due to the difficulties in prosecuting such cases. In Ike's case, in time a sizeable body of evidence, and witnesses would accumulate that would easily corroborate his worst offenses; but in those heady, early years, for Tina and likely many wives; it would be easy to believe that this was a 'phase', and that he would change; that there would be no pattern of abuse to astound house-guests and scar the minds of their children. Adding to her reluctance to abandon him, loomed the specter of her own mother, who had abandoned the family when Anna Mae was young; adding a dogged determination not to duplicate that betrayal. The criminal justice system can be argued to exacerbate a disconnect between the severity of the crimes, and their response to it; largely due to difficulties of evidence, and certain beliefs held by the legal authorities. There is a tendency to 'water-down' violence based on the relationship between the parties involved. In some police districts, it was standard practice for domestic abusers to be diverted into the care of counselors, not just for the attacker himself (or rarely, herself) but counseling for victim and abuser alike. Which would hardly be the case should a woman be attacked at knifepoint by a masked stranger. (Busch, et al. 1993) Which begs the question of whether a unique set of circumstances are involved, or whether the violence is simply an unhealthy manifestation of the nuts and bolts of a volatile marriage? Many authorities assume so, and unless one was able to watch a

Penn State Scandal Essay Example for Free

Penn State Scandal Essay In this paper I will discuss what the ethical issue is, (and) definitions surrounding the allegations of sexual abuse, by the former Defensive Coordinator, Jerry Sandusky, who had the moral and ethical responsibility to report the incident to the proper authorities, and whether the incident was reported in a timely manner. The origin, values, ethics, honesty, and where a person grew up play an important part of an individual’s character. The definition of right and wrong varies from person to person. While I was growing up I believed that criminal justice meant an eye for an eye. As some people grow older his or her definition changed to, if an individual commits a crime, he or she should be held accountable for his or her actions. However; the punishment should fit the crime and be severe enough so the individual will learn from his or her mistake. A Pennsylvania (Penn) state assistant, Mike McQueary, claims to have witnessed Jerry Sandusky raping a ten-year-old boy in the shower (The New York Times, 2012). Sandusky (former Defensive Coordinator) was a wellrespected member of the Penn State community and good friend to Joe Paterno (former Head Coach). McQueary reported the crime immediately to Paterno. In response to the allegation, both McQueary, and Paterno reported the rape to Administrators Tim Curley (former Athletic Director) and Gary Schultz (former Vice President of Business and Finance) (The New York Times, 2012). The issue is at no time was the crime reported to police authorities. The allegation was simply brushed underneath the rug by several individuals. A crime of this magnitude should be have been reported to the proper authorities followed with legal actions. If this happens at such a prestegeous college, then what’s happening in others? I am very concerned that this may be happening somewhere else right now. I shouldn’t have to worry this, this shouldn’t be happening period. Works Cited Joe Paterno. News. The New York Times, 09 Oct. 2012. Web.

Determinants of Exchange Rate in Malaysia

Determinants of Exchange Rate in Malaysia Chapter 1: Introduction 1.0 Introduction As the world develops and getting more integrated, business trading or even international trading has became a very common activity. Currency or most commonly known as money is use or circulation to pay in exchange for goods and services, money are use as a medium of exchange. There are two kinds of money form, the banknotes and the coins. Banknotes are more commonly used because of its convenience. Money is indeed a very important invention in human kind history. As times goes by, more and more different kind are introduced by countries and these different currency are controlled and printed by their national banks. As the world getting more integrated, the relationship of these currencies is getting more complicated. The dominating currencies include the US dollar, British Pound Sterling and the Euro Dollar. Malaysia is a developing country located at the South East Asian; Kuala Lumpur is the capital city for Malaysia. Malaysia has gain independent from the British colonist in the year 1957. In 1967, the National Bank of Malaysia had introduced the Malaysia dollar and it had been using it as the official currency to trade in Malaysia. During the decades, the currency had developed and minor changes were made. Now, the currency is already known as the Ringgit Malaysia (RM). Ringgit Malaysia (RM) had always been stable and developing during the course of decades. However, during the Asian currency crisis, Ringgit Malaysia (RM) was badly affected and the volatility of the currency is severe. Due to the effect of the Asian currency crisis, the Ringgit Malaysia (RM) is fluctuating between 3.80 and 4.40 a US dollar. The Malaysia currency was implying the floating rate regime until end of 1998, the government of Malaysia decided to peg Malaysian Ringgit to US dollar at a rate of RM3.80 to a US dollar. In this research, a study will be conduct with a topic of â€Å"The determinants of exchange rate in Ringgit Malaysia.† In this chapter, brief explanation will be done for background of study, problem statement, research question, research objective, significant of study and outline research. The other chapters of literature review, data and methodology, data analysis and also conclusion. For Malaysia, exchange rate is one of the most important factors affecting the development of the countries’ economy. It will influence the interest of investors because exchange rate risk plays will affect the profitability of their investments. Many studies had on exchange rate but very little is about the Ringgit Malaysia. However the factors influence the movements of Ringgit Malaysia that will be discussed in this research are Inflation rate, Interest rate, Gross domestic product, and Balance of Payment. 1.1 Background of Study On the day of June 1967, it is an historical moment for the Malaysian history because the new central bank of Malaysia, Bank Negara Malaysia had introduced the Malaysian dollar. The Malaysian dollar was use to replace the Malaya and British Borneo dollar. The word ringgit means pointy inBahasa Malaysia. It came from the idea of the serrated edges of silver  Spanish dollars. Silver Spanish dollars was commonly spread in area the 16th and 17th century throughout the area during Portuguese colonial era. The word â€Å"Ringgit† means dollar in Malay, Singapore dollar and Brunei dollar are sometimes also referred as the ringgit. In August 1975, ringgit and sen were formally used as the official names. The sign used â€Å"$† (or â€Å"M$†) is finally replaced by â€Å"RM† (Ringgit Malaysia) in around 1997, â€Å"MYR† is being used internationally as the code for Ringgit Malaysia. The ringgit is separated into 100 sen. As for Malaysian coins, the denominations will be 1 sen, 5 sen, 10 sen, 20 sen, 50 sen, and RM 1. For the denominations for banknotes, it will be RM 1, RM 2, RM 5, RM 10, RM 20, RM 50, RM 100, RM 500 and RM 1000. Ringgit Malaysian had replaced the Malaya and British Borneo dollar, the new currency was initially priced to British pound with the ratio of 1 sterling to RM 8.57 as same as the old currency. Five months from the launching of the new Ringgit Malaysia in November 1967, the pound sterling had depreciated approximately 14%. The Ringgit Malaysia was not influenced much as it is not pegged to pound sterling but the value of Malaya and Brunei dollar fall in value too. Despite of the appearance of the new currencies in Malaysia, the three neighbors countries which includes Malaysia, Singapore and Brunei still keep the Interchangeable Agreement which stated the currency union that Malaysian Dollar was able to change at the equality with the Brunei Dollar and Singapore dollar. Yet in May 1973, the Malaysia government decided to withdraw from the agreement, Malaysia Ringgit will no longer pegged to Singapore dollar or Brunei dollar. However, the Monetary Authority of Singapore and Brunei Currency and Monetary Board still preserved the interchangeable of their two currencies. In the 1990s, Malaysia experienced a economy boost. A lot of investors were making tons and tons of money from the Malaysia Capital Market. However, when the Asian Currency Crisis happened in 1997, the unanticipated wave kept many investors stocked, they wasnt prepare to face such ciao. The currency market was badly affected, ringgit was much affected too. Many economists came out and analysted the reason behind this crisis, many even put the blame on the famous speculator, Mr George Soros. At that period, Ringgit Malaysia was valued between 3.80 and 4.40 to the US Dollar,the former Malaysia Prime Minister, Tun Dr Mahathir decides to  peg the national currency to the US dollar in September 1998, fixed its 3.80 to the US Dollar. This peg lasted as long as seven years. After the crisis, Ringgit Malaysia had yet to regain its value against most major currencies. During 2004, ringgit seems to be undervalued by 15 to 20 percent. In the same year, because of the depreciation of US dollar, ringgit was weakens by 17.9 percent against euro and 10.2 percent against Japanese Yen. In July 2005, China had announced that the Chinese’s currency, Renminbi will no longer peg to US dollar. After the announcement, Malaysia also announced the end of the peg of Ringgit Malaysia with US dollar. According to Bank Negara, Malaysia will now allow the currency to float in a managed  range  against numerous major currencies. This has made the price of the ringgit increasing closer to its supposed market value, the national bank has intervened to maintain the stability of Ringgit and not to allow too much fluctuation. After following the free float regime, the ringgit  value went upto as high as RM3.16 to a U.S. dollar in April 2008. On 24 April 2010, TheStar online reported, the ringgit value has increased about 6.7 percent yearly against US dollar. According to Business Times, January 15, 2011, ringgit had hit almost a 14 years high of RM3.052 for a US dollar. Ringgit Malaysia shows a movement of appreciation year by year. It is also a good sign of stability of economy in Malaysia. 1.1.1 Development of Ringgit Malaysia 1.1.1. a. Development of Bank Notes First series of Malaysian Dollar Malaysian dollar banknotes were initially issued by Bank Negara Malaysia on 6 June 1967. The dollar banknotes are denominated in $1, $5, $10, $50 and $100. On September 1968, the Malaysian national bank, Bank NegaraMalaysia had also issued $1000. Additionally, the image of Tunku Abdul Rahman, the first Yang di-Pertuan Agong of Malaysia was printed on the first banknote of Malaysian dollar. Also, Tun Ismail bin Mohamed Ali’s signature was printed on the first dollar note of Malaysia who was the Malaysian Governor of Bank Negara at that moment. On 16 August 1972, Bank Negara Malaysia adopted an new administrator to include the national language, Bahasa Malaysia into the printing of the new banknotes while remaining the old designs. (Jack, H. 2008) Second series of Malaysian Dollar In 1982, Bank Negara Malaysia had designed and issued the second series of Malaysian Dollar, the Malaysian traditional decorative was used as design on the new Malaysian dollar. The second series of Malaysian dollars come in $1, $5, $10, $20, $50, $100, $500, and $1000. However, the numbers of $20 bank notes were less compare to the other amount of the currency. In 1997 when the Asian Financial Crisis happened, large amount of number of $500 and $1000 were transferred out of the country. In about 1993, $1 coin was introduced to substitute the $1 notes. Since then, $1 notes were discontinued. Third series of Malaysian Dollar In 1996, in the spirit of Wawasan 2020 Bank Negara Malaysia had issued the third series of Ringgit Malaysia. They are denominated in RM2, RM5, RM10, RM50 and RM100. To deter and avoid counterfeiters, additional hologram strip was added on the RM50 and RM100 notes. A new series of RM10 note was issued by Bank Negara Malaysia in 2004. Security features previously implied in RM50 and RM100 notes like the holographic strip is added to the new series of RM10 note. Also, RM 5 note with distinctive transparent window designed was introduced; they are made in polymer material which was never had in Malaysia. Bank Negara Malaysia also suggested all paper notes will be replaced by polymer notes in the future. Fourth series of Malaysian Dollar Bank Negara Malaysia had released a new design of RM50 banknote which will enter the circulation at the beginning of January, 2008. The banknote RM50 remained the unique colour of green-blue but changed a new design. The new design is to support the national mission which expresses the moving up of value chain for economy of the country. Malaysia economy is under the transformation of higher value-added activities such as agriculture,  manufacturing  and services. One the right of the currency, the first Yang di-Pertuan Agong,  Tuanku Abdul Rahman is remained. The national flower, hibiscus is also designed to present at the centre of the banknotes. To celebrate the 50th Anniversary of Independence day, the logo of 50th Anniversary and features  Malaysias first Prime Minister,  Tunku Abdul Rahman declaring independence is also printed on the reverse of the banknotes. New security features include a watermarked portrait of the Yang di-Pertuan Agong, a security thread, fluores cent elements, and multi coloured latent were also added to prevent counterfeiting. On 2011, Bank Negara Malaysia announced the re-introduction of RM20 banknote. 1.1.1. b. Development of Coinage First series of Malaysian Coinage In 1967, the first series of Malaysian sen coins were introduced. They are denominated in 1 sen, 5 sen, 10 sen, 20 sen, and 50 sen. After that, in 1971 the 1 Ringgit Malaysian coin was introduced to the public. First, the Ringgit Malaysian coins are varied by diameters. Practically all the coins were minted in almost consistent obverse and reverse designs. The frontage is depicting the Malaysian Houses of Parliament, the official star and crescent moon from the Malaysian flag, Jalur Gemilang. Malaysian coins are all minted from cupronickel with the only exception of 1 sen. The 1 sen coin was minted in bronze  in the year 1967 to 1972. From 1973 onwards, the national bank of Malaysia minted the 1 sen coin with steel clad combined  copper. Redesigning was made on the50 sen coin. For the 50 sen coin, minor modification was made to add the Bank Negara Malaysia letterings at the edge of it. The first Malaysian coins series was halted in 1989 because the second series of Malaysian coin s was introduced. The first series of Malaysian coins are still in the circulation till now, but the number had reduced significantly. Second series of Malaysian Coinage In 1989, the second series of Malaysian sen coins was introduced and entered into the circulation. Second series of Malaysian coins was redesigned, but principally retaining the design of edges, diameters and composition of the previous series. However, changes were made for the 1 Ringgit Malaysian coin. Modification include drawing of Malay cultural items on the front of the coin. On the upper half of the bank of the coin, the the  national flower, Hibiscus was printed. The designer of this series of coins was Mr Low Yee Kheng. The size of the 1 ringgit coin was also changed, from the original diameter of 33mm to 24mm. It was then minted from an alloy of copper,zincandtin. On December 2005, Bank Negara Malaysia decided to withdrawn the 1 ringgit coin from circulation because it was demonetised. The standardisation of the 1 ringgit coin from the two different versions was the problem behind it. Bank Negara Malaysia announced that a rounding mechanism of prices to the nearest 5 sen will apply to all the billing all around the country. This policy will start effective from April 1, 2008 onwards. With the latest policy from Bank Negara Malaysia made the 1sen 1 sen coin irrelevant. Items selling are still allowed to be priced in multiples of 1 sen, but the total bill will be rounded to the nearest 5 sen. Third series of Malaysian Coinage On 25 July 2011, the third series of Malaysian coins is being announced by the Bank Negara Malaysia. The new series of coins are released on 2012. The third series of Malaysian coins are being issued as commemorative coins. A theme â€Å"Distinctively Malaysia† is carried by the third series of Malaysian coins. Motifs of flora and fauna drawn are used in the design in this series of coins also the various cultures in Malaysia. It also reflects the diversity and richness of Malaysias national identity. These coins are denominated in 5 sen, 10 sen, 20 sen and 50 sen. According to Deputy Finance Minister Datuk Donald Lim, the productions of the coins are reduced by approximately 50% because of the change in metal composition. The diameter of the coins have also changed, colour on the 20 cent and 50 cent had changed from silver to yellowish gold. New designs like the fourteen dots symbolizing the thirteen states and the Federal of Malaysia are included in the new series. The five horizontal lines on the coins indicate the five principles ofRukunegara. As for the 50 cent, the round shape of the coins with nine indentations represents the original BANK NEGARA MALAYSIA lettering. Besides, the 50 cents from the third series will have a latent image security feature. When the 50 cent coins are tilted slightly, denomination 50 and SEN can be seen. 1.2 Problem Statement Exchange rate risk is a one of the key risk that international investors will take account when evaluating an investment. Therefore, determinates of exchange rate is a very important topic. Factors affecting the exchange rate are critical in determining the price of Ringgit Malaysia. A stable and predictable exchange rate will help the economy of a country to grow. If we know the significant factors affecting the exchange rate, we will be able to predict and determent what is the price of Ringgit Malaysia. Many studies have been conducted to determine the determinants of exchange rate and most studies are done used different methods and approaches on how to evaluate the exchange rate. However, the results obtain by some of these studies such as Louis Kujis (1998), Eiteman et al (2001), Otuori, O. H. (2013) and Fracis Fong (2006) differs. This is due to the fact that the results are influenced by the changes of countries’ internal conditions and the macroeconomic environment. U nfortunately, most of the studies concentrate only on major currencies like US dollar and pound sterling but not Ringgit Malaysia. Furthermore, Ringgit Malaysia had also shown potential and its immunization against financial crisis like the sub-prime mortgage in mid 2008. However, there has been little reference when analyzing the Ringgit Malaysia’s price determinates. Besides that, by using the same determinants and quantitative methods, the result for Ringgit Malaysia might differ from the result obtain towards the major currencies, as there could possibly be other factors not important in the developed countries that affects the Ringgit Malaysia or vice versa. Therefore, this paper is to attempt to fill in the gap by investigating determinates of Ringgit Malaysia hence make it possible to predict the price of Ringgit Malaysia. 1.3 Research Question The key research question asked is thus: â€Å"What are the factors affecting the exchange rate of Ringgit Malaysia against US dollar?† 1.4 Research Objective To explore the determinates of Ringgit Malaysia To evaluate the relationship between price of Ringgit Malaysia and major macroeconomic variables 1.5 Significant of Study Many studies had done to investigate the factors affecting the exchange rate. It had no doubt that exchange rate will an important topic to study. Exchange rate is influence by both countries’ internal conditions and also the macroeconomic variables. Most studies done are concentrating the major currencies like the US dollar, Euro dollar and British Pound Sterling. The result obtained from this research will be compare and check with these prior researches. Furthermore, most of these prior studies are done on developed countries’ currencies; this paper will also attempt to check for any similarity or differences between the currencies from developed countries and developing countries. In conjunction, the lack of studies done concerning the exchange rate of Ringgit Malaysia, this paper is done with the hope of assisting and helping more research that will be done on exchange rate of Ringgit Malaysia in the future. 1.6 Scope of Study This paper studies the impact of interest rate, inflation rate, Gross Domestic Product (GDP) and Balance of Payment (BOP) toward the exchange rate of Ringgit Malaysia. Quarterly data are used in this paper. 40 observations were used to carry on this study. However, due to the lack of data point from some variables, the sample size of this study had readjusted to 32 with a sample period of 2006 to 2013. 1.7 Outline Research Chapter 1 consists of the general background and aim of this paper. Besides, this chapter has briefly explained the problem to be investigated, the objectives and the significance of this study. Chapter 2 provides the literature review and more detailed facts about how the investigation will be carried. Hence, prior research theories that are related to this topic are presented. Using the theories previous discovered by other researchers, a framework will be constructed to analyze the volatility of exchange rate of Ringgit Malaysia from the data collected. The journals collected are from different sources; there include the online databases, journal articles and books. Chapter 3 presents the methodology and the data used in this research for analyzing the volatility of exchange rate of Ringgit Malaysia. Here, this chapter also explains how the investigating had been done. Furthermore, this chapter is divided into parts such as theoretical framework, sample of analysis and the hypothesis-testing framework. Chapter 4 describes and explains the empirical results and data analysis of the result obtained. It consists of statistical reports, and how do these reports related to the topic studied. Above all, this chapter mainly analyzes the relationship between the dependent variables and its determinants. Chapter 5 will summarizes and highlights all the key finding of the study. The conclusion will be a summary of the overall analysis and investigation done in the study.