Ringgit versus pound loans


  • Business Premium
  • Saturday, 24 Jan 2015

MALAYSIANS who bought properties abroad – in countries whose currency is strengthening against the ringgit – may have to fork out more to finance their purchases, if they have not “locked in their loans” or created a pound-denominated fund at earlier and more favourable rates.

The ringgit has been weakening against a basket of currencies – notably US dollar and Singapore dollar – since the fall in oil price in June 2014. The Swiss float, on Jan 16, added to the volatility and the ringgit has fallen further since.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , property

   

Next In Business News

Weststar Group�weighs US$300mil helicopter unit IPO Premium
Tengku Zafrul: Talk of global recession premature, unwarranted Premium
Ringgit appreciates versus US dollar, tracking positive yuan sentiment Premium
SCIB secures EPCC contract worth RM36mil Premium
Duopharma net profit rises 15% in 1Q Premium
Borneo Oil acquires 22.5% in MTSB for RM73.56mil Premium
Chin Hin to dispose of Solarvest stake for RM103.28mil Premium
Dialog's Q3 net profit slips to RM133.07mil, declares 1.30 sen dividend Premium
DNeX, Foxconn unit to build and operate wafer fabrication plant in Malaysia Premium
PetChem buys Perstorp in RM10.5bil deal Premium

Others Also Read