ringgit-usd-may17

Malaysia: Ringgit depreciates against US$

  • Oct 02, 2017

KUALA LUMPUR: The ringgit fell against the US dollar early Monday on lack of interest for the local currency as sentiment turned positive for the greenback a dealer said.

At 9 am(0100gmt), the local traded at 4.2280/2310 against the greenback from 4.2190/2220 recorded at 6 pm on Friday.

FXTM Reserach Analyst Lukman Otunuga said comments by US Federal Reserves officials and renewed optimism over Donald Trump’s tax reforms have stimulated buying sentiment for the dollar.

“Dollar bulls were revitalised this week after Janet Yellen emphasised the need for gradual rate hikes. Trump’s tax reform blueprint, which he described will be the largest tax cut in the history of US, also boosted sentiment towards the US economy,” the dealer added.

Lukman also said that with the US economic growth for the second quarter revised higher to 3.1 per cent, the ingredients to raise US interest rates in December were falling into place.

Meanwhile, the ringgit was traded mixed against other major currencies.

It dropped against the Singapore dollar to 3.1086/1115 from 3.1063/1097 on Friday,edged up against the British pound to 5.5641/6598 from Friday’s 5.6425/6482 and appreciated against the yen to 3.7466/7502 from 3.7499/7532.

The local currency eased against the euro to 4.9840/9892 from 4.9788/9828 on Friday. – Bernama

EXCHANGE RATES ISSUED BY MALAYAN BANKING BHD : OCT 2

 SELLING TT/OF BUYING TT BUYING OD 
 1 US Dollar 4.2910 4.1640 4.1540 
 1 Australian Dollar 3.3600 3.2690 3.2530 
 1 Brunei Dollar 3.1540 3.0680 3.0600 
 1 Canadian Dollar 3.4300 3.3450 3.3330 
 1 Euro 5.0510 4.9250 4.9050 
 1 New Zealand Dollar 3.1030 2.9950 2.9790 
 1 Papua N Guinea Kina 1.4420 1.2110 1.1950 
 1 Singapore Dollar 3.1535 3.0680 3.0600 
 1 Sterling Pound 5.7170 5.6020 5.5820 
 1 Swiss Franc 4.4110 4.3170 4.3020 
 100 UAE Dirham 118.0600 112.1400 111.9400 
 100 Bangladesh Taka 5.2800 5.0020 4.8020 
 100 Chinese Renminbi NA NA 0.0000 
 100 Danish Krone 69.7500 64.3000 64.1000 
 100 Hongkong Dollar 55.5100 52.7400 52.5400 
 100 Indian Rupee 6.6720 6.2700 6.0700 
 100 Indonesian Rupiah 0.0330 0.0298 0.0248 
 100 Japanese Yen 3.8070 3.6970 3.6870 
 100 New Taiwan Dollar 15.2000 NA 0.0000 
 100 Norwegian Krone 55.1700 50.8500 50.6500 
 100 Pakistan Rupee 4.1400 3.8800 3.6800 
 100 Philippine Peso 8.5500 8.0700 7.8700 
 100 Qatar Riyal 118.9800 113.1700 112.9700 
 100 Saudi Riyal 115.6600 109.8000 109.6000 
 100 South Africa Rand 32.4500 29.9200 29.7200 
 100 Sri Lanka Rupee 2.8800 2.6500 2.4500 
 100 Swedish Krona 54.1900 49.4300 49.2300 
 100 Thai Baht 13.7200 11.6700 11.2700

 Bernama

Asian currencies fall: 

Philippine peso leads losses

The following table shows rates for Asian currencies against the dollar at 0153 GMT(0953 Malaysian time) on Monday Oct 2.
    
    CURRENCIES VS U.S. DOLLAR
  
  Currency                Latest bid  Previous day  Pct Move

  Japan yen               112.870           112.47     -0.35
  Sing dlr                   1.361             1.3572     -0.24
  Taiwan dlr               30.370            30.305     -0.21
  Baht                      33.350             33.32     -0.09
  Peso                     50.970            50.815     -0.30
  Rupiah                  13490.000          13470     -0.15
  Ringgit                  4.229              4.219     -0.24
  
  Change so far in 2017

  Currency                Latest bid  End 2016      Pct Move

  Japan yen            112.870           117.07     +3.72
  Sing dlr                1.361             1.4490     +6.50
  Taiwan dlr            30.370            32.279     +6.29
  Baht                    33.350             35.80     +7.35
  Peso                   50.970             49.72     -2.45
  Rupiah                13490.000          13470     -0.15
  Ringgit                4.229             4.4845     +6.04
– Reuters 

Source: http://www.thestar.com.my/business/business-news/2017/10/02/ringgit-depreciates-against-us$/#kRJ2lF2VdzoAYTFw.99