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Friday, August 23rd, 2019

Ringgit higher against US$

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by September 25, 2017 General

KUALA LUMPUR: The ringgit was higher against the US dollar early Monday and some other currencies due to mild support for the local currency, a dealer said.

At 9 am(0100gmt), the local unit was quoted at 4.1880/1910 against the greenback from 4.1960/1000 recorded last Thursday.

The market was closed on Friday for the Awal Muharam public holiday.

The local unit was also slightly higher versus the euro, which is facing political uncertainty in Germany.

“Among other things, the ringgit also received some boost following improved global oil prices,” the dealer said, adding that since July, the commodity’s price has started to recover, benefiting oil exporting countries including Malaysia.

Against other major currencies, the ringgit was traded mostly higher.

The local note rose against the yen to 3.7243/7273 from 3.7308/7353 on Thursday and strengthened versus the euro to 4.9963/0003 from 4.9987/9039.

However, the local note fell to 3.1101/1132 versus the Singapore dollar from 3.1052/1090 and vis-a-vis the British pound, it declined to 5.6664/6717 from 5.6617/6679, previously. – Bernama

The following table shows rates for Asian currencies against the dollar at 0147 GMT (0947 Malaysian time) on Monday Sept 25.

    CURRENCIES VS U.S. DOLLAR

   Change on the day  at   0147 GMT

  Currency                Latest bid    Previous day      Pct Move

  Japan yen            112.34         111.97         -0.33

  Sing dlr             1.3462         1.3455         -0.05

  Taiwan dlr           30.175         30.191         +0.05

  Korean won           1131           1136.5         +0.48

  Baht                 33.070           33.1         +0.09

  Peso                 50.620         50.725         +0.21

  Rupiah               13303           13310         +0.05

  Rupee                64.79           64.79         +0.00

  Ringgit              4.189           4.196         +0.18

  Yuan                 6.594          6.5890         -0.08

  Change so far in 2017

  Currency             Latest bid    End 2016        Pct Move

  Japan yen            112.34         117.07         +4.21

 Sing dlr             1.3462         1.4490         +7.64

  Taiwan dlr           30.175         32.279         +6.97

  Korean won           1131          1207.70         +6.77

  Baht                 33.070          35.80         +8.26

  Peso                 50.620          49.72         -1.78

  Rupiah               13303           13470         +1.26

  Rupee                64.790          67.92         +4.83

  Ringgit              4.189          4.4845         +7.07

  Yuan                 6.594          6.9467         +5.34
– Reuters 

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