Little respite for the ringgit


a money changer outlet in Jalan Bukit Bintang. the ringgit was at a five-year low against the greenback on Wednesday before market was closed for the Chinese new year holidays.

PETALING JAYA: Cheap airfare is a boon for holidaymakers going overseas, but Malaysians can’t help but feel a little short-changed after a trip to money changers.

Take the Thai baht, which had advanced 13.2% over the past six months. At 8.93 last week, the baht is at its most expensive against the ringgit since 2007.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Business , currency , ringgit , economy

   

Next In Business News

Manufacturing sales value declined to RM145bil in April
Mild gains on Bursa as odds turn in favour of Fed rate pause
EPF registers higher investment income of RM15.16bil in 1Q23
RAM Ratings maintains stable outlook on insurance, takaful sector
PublicInvest Research remains cautious on promising Sapura Energy contract wins
China factory gate deflation deepens in May, consumer inflation picks up
Ringgit rebounds on higher-than-expected US jobless claims
CIMB ASEAN Scholarship aims to empower the brightest youth in the region by providing pathway to tertiary education
Bursa struggles to stay above key support
Trading ideas: Sapura Energy, Dayang, Bina Puri, Borneo Oil, Tropicana, Revenue and PBA Holdings

Others Also Read