ringgit-dollar

Malaysia: Ringgit continues downtrend against US$

KUALA LUMPUR: The ringgit continued Tuesday’s downtrend to be lower against the US dollar early Wednesday as the greenback strengthened on the possibility of another interest rate hike before the year-end, dealers said.

At 9 am(0100gmt), the local unit depreciated to 4.2150/2190 from 4.2050/2080 recorded at 6 pm Tuesday.

The US dollar appreciated overnight following Federal Reserve Chairwoman Janet Yellen’s hawkish tone on rates, prompting renewed suggestions that a December move (to increase rates) was on the cards.

“A gradual approach is particularly appropriate in light of subdued inflation and a low neutral real interest rate, which imply that the Federal Open Market Committee will have only limited scope to cut the federal funds rate should the economy be hit with an adverse shock.

“But, we should also be wary of moving too gradually,” she was quoted as saying after the meeting.

Against other major currencies, the ringgit was mostly lower except against the Japanese Yen as it rose to 3.7493/7539 Wednesday morning from 3.7649/7686 on Tuesday.

The local currency was weaker versus the Singapore dollar at 3.1096/1134 from 3.1074/1101 Tuesday and retreated vis-a-vis the British pound to 5.6679/6737 from 5.6633/6694 Tuesday.

The ringgit also decreased against the Euro to 4.9686/9746 from 4.9678/9722 on Tuesday, despite mounting worries over the political fallout in Germany and other euro zone countries. – Bernama

EXCHANGE RATES ISSUED BY MALAYAN BANKING BHD : SEPT 27

  SELLING TT/OD BUYING TT BUYING OD 

 1 US Dollar 4.2770 4.1500 4.1400 
 1 Australian Dollar 3.3630 3.2720 3.2560 
 1 Brunei Dollar 3.1490 3.0630 3.0550 
 1 Canadian Dollar 3.4510 3.3640 3.3520 
 1 Euro 5.0260 4.9010 4.8810 
 1 New Zealand Dollar 3.0850 2.9760 2.9600 
 1 Papua N Guinea Kina 1.4350 1.2030 1.1870 
 1 Singapore Dollar 3.1485 3.0630 3.0550 
 1 Sterling Pound 5.7210 5.6070 5.5870 
 1 Swiss Franc 4.3890 4.2950 4.2800 
 100 UAE Dirham 117.6800 111.7700 111.5700 
 100 Bangladesh Taka 5.3500 5.0680 4.8680 
 100 Chinese Renminbi 64.4000 62.0000 0.0000 
 100 Danish Krone 69.4300 63.9900 63.7900 
 100 Hongkong Dollar 55.3100 52.5500 52.3500 
 100 Indian Rupee 6.6340 6.2400 6.0400 
 100 Indonesian Rupiah 0.0331 0.0299 0.0249 
 100 Japanese Yen 3.8010 3.6910 3.6810 
 100 New Taiwan Dollar 15.2000 NA 0.0000 
 100 Norwegian Krone 55.5000 51.1400 50.9400 
 100 Pakistan Rupee 4.1300 3.8700 3.6700 
 100 Philippine Peso 8.5000 8.0300 7.8300 
 100 Qatar Riyal 116.3300 110.6600 110.4600 
 100 Saudi Riyal 115.2800 109.4300 109.2300 
 100 South Africa Rand 32.7900 30.2400 30.0400 
 100 Sri Lanka Rupee 2.8700 2.6400 2.4400 
 100 Swedish Krona 54.2000 49.4300 49.2300 
 100 Thai Baht 13.7100 11.6500 11.2500  – Bernama

The following table shows rates for Asian currencies against the dollar at 0132 GMT (0932 Malaysian time) on Wednesday Sept 27.

  CURRENCIES VS U.S. DOLLAR

  Change on the day at 0132 GMT 

  Currency          Latest bid    Previous day   Pct Move
                          
  Japan yen          112.40       112.22      -0.16
  Sing dlr           1.3550       1.3542      -0.06
  Taiwan dlr         30.228       30.216      -0.04
  Korean won         1139         1136.8      -0.22
  Baht               33.210        33.17      -0.12
  Peso               50.900       50.935      +0.07
  Rupiah             13385         13375      -0.07
  Rupee              65.45         65.45      +0.00
  Ringgit            4.215         4.205      -0.23
  Yuan               6.639        6.6400      +0.02
                                                   
  Change so far in 2017    

  Currency         Latest bid    End 2016    Pct Move
   
  Japan yen          112.40       117.07      +4.15
  Sing dlr           1.3550       1.4490      +6.94
  Taiwan dlr         30.228       32.279      +6.79
  Korean won         1139        1207.70      +6.00
  Baht               33.210        35.80      +7.80
  Peso               50.900        49.72      -2.32
  Rupiah             13385         13470      +0.64
  Rupee              65.445        67.92      +3.78
  Ringgit            4.215        4.4845      +6.41
  Yuan               6.639        6.9467      +4.64
 – Reuters

Source: http://www.thestar.com.my/business/business-news/2017/09/27/ringgit-continues-downtrend/#uk6FmTDhBaF0UrG2.99