Ringgit trades lower on external factors


  • Business
  • Wednesday, 20 Dec 2017

At 9 am(0100gmt), the local unit was at 4.1130/1170 against the greenback from 4.1155/1185 last Friday.

KUALA LUMPUR: The ringgit opened lower today after closing flat in the last two days on external factors, mainly from the US, which curbed demand for the local note.

At 9 am(0100 gmt), the local unit stood at 4.0800/0850 from 4.0790/0830 at Tuesday's closing.

However, at 9.09 am(0109 gmt), it rebounded to 4.0770/0800 against the dollar.

OANDA Head of Trading Asia-Pacific, Stephen Innes, said the ringgit was driven overnight by the broader dollar momentum on the back of fast short-term money.

“Given that the dollar is trading with some positive energy from both tax reform and higher US yields, investors will be reluctant to buy the local note until all the dust settles.

“But the ringgit remains very comfortable at current range and the stability alone is real positive in my view,” he said in a statement.

The ringgit traded mostly lower against a basket of other currencies.

The local note eased further against the Singapore dollar to 3.0290/0331 from Tuesday's 3.0282/0323, but rebounded against the yen at 3.6122/6176 from 3.6219/6258 Tuesday.

The ringgit depreciated against the euro to 4.8315/8391 from 4.8149/8212 and traded easier against the British pound at 5.4648/4719 from 5.4532/4602 on Tuesday. - Bernama

 

EXCHANGE RATES ISSUED BY MALAYAN BANKING BHD: DEC 20

  SELLING TT/OD BUYING TT BUYING OD 

 1 US Dollar 4.1460 4.0190 4.0090 
 1 Australian Dollar 3.1700 3.0840 3.0680 
 1 Brunei Dollar 3.0720 2.9890 2.9810 
 1 Canadian Dollar 3.2120 3.1320 3.1200 
 1 Euro 4.8950 4.7720 4.7520 
 1 New Zealand Dollar 2.9000 2.7970 2.7810 
 1 Papua N Guinea Kina NA NA 0.0000 
 1 Singapore Dollar 3.0715 2.9890 2.9810 
 1 Sterling Pound 5.5220 5.4110 5.3910 
 1 Swiss Franc 4.1880 4.0980 4.0830 
 100 UAE Dirham 114.0200 108.2000 109.0000 
 100 Bangladesh Taka 5.0700 4.8030 4.6030 
 100 Chinese Renminbi 62.7000 60.2000 0.0000 
 100 Danish Krone 67.5900 62.3000 62.1000 
 100 Hongkong Dollar 53.5500 50.8800 50.6800 
 100 Indian Rupee 6.5690 6.1800 5.9800 
 100 Indonesian Rupiah 0.0316 0.0285 0.0235 
 100 Japanese Yen 3.6670 3.5610 3.5510 
 100 New Taiwan Dollar 14.8000 NA 0.0000 
 100 Norwegian Krone 50.8700 46.8700 46.6700 
 100 Pakistan Rupee 3.8200 3.5700 3.3700 
 100 Philippine Peso 8.3500 7.8800 7.6800 
 100 Qatar Riyal 115.0300 109.2000 109.0000 
 100 Saudi Riyal 111.6900 106.0300 105.8300 
 100 South Africa Rand 33.4600 30.7700 30.5700 
 100 Sri Lanka Rupee 2.7800 2.5600 2.3600 
 100 Swedish Krona 50.7800 46.3300 46.1300 
 100 Thai Baht 13.1700 11.7800 11.3800

- Bernama

 

The following table shows rates for Asian currencies against the dollar at 0138 GMT (0938 Malaysian time) on Wednesday Dec 20.

    CURRENCIES VS U.S. DOLLAR

 Currency                     Latest bid  Previous day  Pct Move

 Japan yen                    112.93      112.88        -0.04
 Sing dlr                     1.3466      1.3464        -0.01
 Taiwan dlr                   29.995      29.990        -0.02
 Korean won                   1085        1084.9        -0.05
 Baht                         32.680      32.66         -0.06
 Peso                         50.310      50.39         +0.16
 Rupiah                       13575       13575         +0.00
 Rupee                        64.03       64.03         +0.00
 Ringgit                      4.076       4.079         +0.07
 Yuan                         6.603       6.6058        +0.04
                                                        
 Change so far in 2017 
                                 
 Currency                     Latest bid  End 2016      Pct Move

 Japan yen                    112.93      117.07        +3.67
 Sing dlr                     1.3466      1.4490        +7.60
 Taiwan dlr                   29.995      32.279        +7.61
 Korean won                   1085        1207.70       +11.27
 Baht                         32.680      35.80         +9.55
 Peso                         50.310      49.72         -1.17
 Rupiah                       13575       13470         -0.77
 Rupee                        64.025      67.92         +6.08
 Ringgit                      4.076       4.4845        +10.02
 Yuan                         6.603       6.9467        +5.20
 - Reuters


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ringgit , dollar , euro , pound , yen , Singapore , pound , British , US , forex ,

   

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