The Malaysian ringgit is hovering around 17-year lows against the U.S. dollar, battered by a combination of weak commodity prices, a slowdown in China and expectations of a US interest rate hike.
In fact, the ringgit is the worst performing emerging Asian currency this year – having shed nearly 20 percent of its value since January.
Adding to the currency's headwinds is the growing political turmoil on the domestic front.
Hundreds of thousands of protesters are expected to take to the streets this weekend, ahead of Malaysia's Independence Day, calling for the resignation of Prime Minister Najib Razak. This comes as 1MDB, a state fund chaired by Razak, is embroiled in a scandal over allegations it amassed billions of dollars in debt due to mismanagement and graft.
CNBC looks at what the 1MDB scandal means for the outlook for the ringgit, the economy and the country's political landscape.