Customers rush to trade currency to cover positions


Falling rate: Moneychanger worker Ezliana Ezma Ishak, 33, counting ringgit and US dollar notes in Kuala Lumpur.

PETALING JAYA: The ringgit’s dramatic drop sent customers rushing to moneychangers to sell and buy foreign currency to cover their positions.

Some wanted to take advantage of the higher exchange rates of their foreign currencies by converting them to ringgit, while there were also those who were buying foreign currency for fear of a further depreciation.

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