Economic Recovery of post COVID-19 towards Kuala Lumpur Composite Index (KLCL) and Malaysian Ringgit Exchange Rate

Abstract

The aim of this paper is to analyze economic recovery status for post outbreak of Coronavirus disease (COVID-19) towards equity market namely Kuala Lumpur Composite Index (KLCI) and currency exchange rate for Malaysian Ringgit. The COVID-19 is a pandemic that considered as an Infectious disease caused by a newly discovered coronavirus in year of 2019. This pandemic affected worldwide population including Asian region. Therefore, it is important to analyze the significant effect of post COVID-19 towards economy including stock market and currency exchange rate. This study implemented correlation analysis between changes of KLSI and MYR currency exchange rate. There is positive correlation between KLCI and Ringgit exchange rate. Both of these variables indicate Malaysia is recovering with positive environment for economic situation. The findings of this study will provide knowledge to body of literature including give positive feedback to investors to have confidence in Malaysia economic situation after COVID19 lockdown.