Taking just the Indian Rupees, in September 2014, RM1 was equivalent to about INR19, but today it is about INR15.9 -Until about September 2014, our RM was equivalent to about 24 Bangladesh Taka - now it is 18.8.Until about September 2014, our RM was equivalent to about 0.39 Singapore Dollar, not it is about 0.34 Singapore DollarUntil September 2014, our RM was equivalent to about 10 Thai Baht, and today it is only about 8.6 Thai Baht..
Pegging - means fixing the of ringgit value to some other currency, like the US Dollar, Euro Dollar, Chinese Renminbi, etc. If there was pegging, the we will not be impacted by the falling ringgit, as its exchange value with the pegged currency remains the same. After the last economic crisis, we pegged our Malaysian currency to the US Dollar - but alas, I believe, some time in July 2005, this peg was removed by the then PM Badawi. ** In my opinion, pegging now is not an option or a solution when the value of the Ringgit is low. For the benefit of Malaysia, pegging should be done when the Ringgit is strong..