Ringgit at strongest showing so far this year as US$ declines


"Malaysia deserves better, certainly not RM4.50 to US$1.".

PETALING JAYA: The ringgit is poised to trend upwards on the domestic currency strengthening to RM4.4135 as at 5pm yesterday, its strongest showing year to date. This came about amidst the continuing decline of the US dollar.

Supported by measures taken by Bank Negara last December to increase the demand for the ringgit, the local currency rose to a record four-month high yesterday.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Ringgit , dollar , strengthening , strongest , this year , economy , US$ , dollar , yen , yuan ,

   

Next In Business News

MJets Air inks aircraft charter agreement with Teleport
Ringgit extends gains to end higher against US dollar
S P Setia to launch Nadi 2, Setia Commerce Square in Setia EcoHill 2, Semenyih this weekend
Farm Price IPO oversubscribed by 91.35 times
XOX to undertake RM303mil capital reduction
Uzma bags contract from Sarawak Shell
Loob Holding eyes Tealive chain expansion into Indonesia by year-end
WTK acquires 15% stake in Durafarm for RM28.3mil
TNB, YTL Power spur market rally
Gold set for second weekly fall; US payrolls on investors' radar

Others Also Read