Ringgit improves to pre-GE 14 level

At 9 am(0100gmt), the local unit was traded at 4.1490/1520 against the greenback from Monday's close of 4.1480/1510.

KUALA LUMPUR: The ringgit recovered from the earlier jitters on Monday to trade near the same level as last Tuesday on the eve of the 14th General Election (GE14).

At 1pm, it was at 3.9460 to the US dollar. 

In the morning session, it was fell to low of 3.9875 and rose to a high of 3.9435.

In recent times, the ringgit was at its strongest at 3.86 against the US dollar on April 2.

After the GE14, the ringgit on Thursday and Friday weakened beyond the 4.00 mark against the US dollar based on the non-deliverable forwards.

It was weakest at 4.08 against the greenback on Thursday.

The ringgit was strongest in the offshore market at 3.86 against the US dollar on March 30.


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