INTRODUCTION
Emerging economy describes progressive economic condition of the nation. If the country has potential to get developed in near future then it is called as an emerging economy nation (Bussière, Delle Chiaie and Peltonen, 2014). Present study is based on Malaysia which is a transitional economic nation. Report will cover the exchange rate and currency of country. Furthermore, it will explain the effects of globalization on trade activities. In addition, balance of payment of Malaysia will be described in this assignment.