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Ringgit rebounds against US$

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by September 28, 2017 General

KUALA LUMPUR: The ringgit snapped its three-day losing streaks to be higher against the US dollar early Thursday on renewed buying interest in the local unit amid the stronger greenback globally, dealers said.

At 9am(0100gmt), the local unit rose to 4.2170/2200 against the greenback from 4.2200/2230 recorded at 6pm Wednesday.

In its Global Research 4Q 2017 report, Standard Chartered Bank said sentiment towards the currency onshore has improved with better US dollar supply dynamics. It said the ringgit was among the most undervalued emerging market currencies and the overall positioning for the currency among foreign investors remained extremely light.

Against other major currencies, the ringgit was mostly higher except the British pound where it fell to 5.6520/6578 from 5.6518/6576 on Wednesday.

Against the yen, the local unit appreciated to 3.7365/7398 from 3.7395/7431 Wednesday

 It rose against the Singapore dollar to 3.1030/1055 from 3.1059/1093 on Wednesday.

The ringgit strengthened vis-a-vis the euro to 4.9541/9585 from 4.9577/9616 previously. – Bernama

EXCHANGE RATES ISSUED BY MALAYAN BANKING BHD: SEPT 28

  SELLING TT/OD BUYING TT BUYING OD 

 1 US Dollar 4.2810 4.1560 4.1460 
 1 Australian Dollar 3.3580 3.2690 3.2530 
 1 Brunei Dollar 3.1470 3.0630 3.0550 
 1 Canadian Dollar 3.4240 3.3400 3.3280 
 1 Euro 5.0210 4.8970 4.8770 
 1 New Zealand Dollar 3.1000 2.9930 2.9770 
 1 Papua N Guinea Kina 1.4360 1.2050 1.1890 
 1 Singapore Dollar 3.1465 3.0630 3.0550 
 1 Sterling Pound 5.7120 5.5990 5.5790 
 1 Swiss Franc 4.3870 4.2950 4.2800 
 100 UAE Dirham 117.7800 111.9200 111.7200 
 100 Bangladesh Taka 5.2700 4.9940 4.7940 
 100 Chinese Renminbi 64.3000 62.0000 0.0000 
 100 Danish Krone 69.3200 63.9300 63.7300 
 100 Hongkong Dollar 55.4000 52.6600 52.4600 
 100 Indian Rupee 6.6150 6.2200 6.0200 
 100 Indonesian Rupiah 0.0330 0.0298 0.0248 
 100 Japanese Yen 3.7940 3.6860 3.6760 
 100 New Taiwan Dollar 15.2000 NA 0.0000 
 100 Norwegian Krone 55.2300 50.9200 50.7200 
 100 Pakistan Rupee 4.1300 3.8800 3.6800 
 100 Philippine Peso 8.5100 8.0300 7.8300 
 100 Qatar Riyal 116.3900 110.7100 110.5100 
 100 Saudi Riyal 115.4100 109.5600 109.3600 
 100 South Africa Rand 32.3300 29.8200 29.6200 
 100 Sri Lanka Rupee 2.8700 2.6400 2.4400 
 100 Swedish Krona 54.1600 49.4400 49.2400 
 100 Thai Baht 13.6800 11.6400 11.2400  

– Bernama

The following table shows rates for Asian currencies against the dollar at 0144 GMT(0944 Malaysian time) on Thursday Sept 28.

  CURRENCIES VS U.S. DOLLAR

 Change on the day at 0144 GMT

  Currency                        Latest bid   Previous day   Pct Move
  Japan yen                      112.75              112.81      +0.05
  Sing dlr                       1.3589              1.3593      +0.03
  Taiwan dlr                     30.352              30.303      -0.16
  Korean won                     1144                1140.7      -0.29
  Baht                           33.300                33.3       0.00
  Peso                           51.075               51.02      -0.11
  Rupiah                         13433                13435      +0.01
  Rupee                          65.71                65.71       0.00
  Ringgit                        4.220                 4.22       0.00
  Yuan                           6.651               6.6425      -0.13
  Change so far in 2017                                               
  Currency                       Latest bid   End 2016        Pct Move
  Japan yen                      112.75              117.07      +3.83
  Sing dlr                       1.3589              1.4490      +6.63
  Taiwan dlr                     30.352              32.279      +6.35
  Korean won                     1144               1207.70      +5.57
  Baht                           33.300               35.80      +7.51
  Peso                           51.075               49.72      -2.65
  Rupiah                         13433                13470      +0.28
  Rupee                          65.710               67.92      +3.36
  Ringgit                        4.220               4.4845      +6.27
  Yuan                           6.651               6.9467      +4.45
– Reuters 

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