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Ringgit rebounds against US$ on better demand, oil price


  • Forex
  • Tuesday, 19 Jun 2018

At 9.11 am (0111 gmt), the ringgit was quoted at 3.9950/4.000 against the greenback from 3.9960/9990 at Monday's close.

At 9.11 am (0111 gmt), the ringgit was quoted at 3.9950/4.000 against the greenback from 3.9960/9990 at Monday's close.

KUALA LUMPUR: The ringgit rebounded to be higher against the US dollar early Tuesday on improved demand for the local unit amid rising oil prices, a dealer said.

At 9.11 am (0111 gmt), the ringgit was quoted at 3.9950/4.000 against the greenback from 3.9960/9990 at Monday's close.

Oil prices recouped recent losses ahead of the Organisation of the Petroleum Exporting Countries meeting, which is likely to see an increase in output after restricting supply since 2017, and as investors assess the impact of the United States-China trade dispute, the dealer said.

Despite volatile trade, the benchmark Brent crude rose US$1.90 to US$75.34 a barrel.

Against other major currencies, the ringgit traded mostly lower, except for the Singapore dollar in appreciating to 2.9560/9614 from Monday's 2.9580/9611.

The ringgit fell against the Japanese yen at 3.6279/6331 from 3.6147/6177, weakened against the British pound to 5.2982/3052 from 5.2935/2979 and depreciated vis-a-vis the euro to 4.6466/6536 from 4.6342/6384. - Bernama

EXCHANGE RATES ISSUED BY MALAYAN BANKING BHD : Tuesday JUNE 19

 SELLING TT/OD BUYING TT BUYING OD 

 1 US Dollar 4.0550 3.9400 3.9300 
 1 Australian Dollar 2.9970 2.9220 2.9060 
 1 Brunei Dollar 2.9950 2.9190 2.9110 
 1 Canadian Dollar 3.0650 2.9870 2.9750 
 1 Euro 4.7080 4.5900 4.5700 
 1 New Zealand Dollar 2.8150 2.7210 2.7050 
 1 Papua N Guinea Kina NA NA 0.0000 
 1 Singapore Dollar 2.9950 2.9190 2.9110 
 1 Sterling Pound 5.3540 5.2450 5.2250 
 1 Swiss Franc 4.0670 3.9800 3.9650 
 100 UAE Dirham 111.6300 106.0300 105.8300 
 100 Bangladesh Taka 4.8760 4.5870 4.3870 
 100 Chinese Renminbi 63.0000 60.5000 0.0000 
 100 Danish Krone 64.9300 59.8400 59.6400 
 100 Hongkong Dollar 52.1800 49.6700 49.4700 
 100 Indian Rupee 6.0560 5.6900 5.4900 
 100 Indonesian Rupiah 0.0301 0.0273 0.0223 
 100 Japanese Yen 3.6800 3.5800 3.5700 
 100 New Taiwan Dollar 14.5000 NA 0.0000 
 100 Norwegian Krone 51.2200 47.2000 47.0000 
 100 Pakistan Rupee 3.4800 3.2200 3.0200 
 100 Philippine Peso 7.7000 7.2600 7.0600 
 100 Qatar Riyal 112.6100 106.9100 106.7100 
 100 Saudi Riyal 109.3600 103.8200 103.6200 
 100 South Africa Rand 30.4600 28.0200 27.8200 
 100 Sri Lanka Rupee 2.6000 2.4000 2.2000 
 100 Swedish Krona 47.3900 43.2400 43.0400 
 100 Thai Baht 12.9100 11.5400 11.1400  -Bernama

Yen firms; Taiwan dollar, Chinese yuan weaken

The following table shows rates for Asian currencies against the US$ at 0144 GMT(09.44 Malaysian time on Tuesday June 19.

  CURRENCIES VS U.S. DOLLAR

  Currency                    Latest bid  Previous day  Pct Move

  Japan yen                110.050           110.54     +0.45
  Sing dlr                    1.350             1.3510     +0.07
  Taiwan dlr                 30.092            30.002     -0.30
  Korean won              1105.100          1104.8     -0.03
  Baht                        32.640             32.67     +0.09
  Peso                        53.325            53.331     +0.01
  Rupee                     67.985             67.99      0.00
  Ringgit                     3.995              3.996     +0.03
  Yuan                        6.447             6.4370     -0.15
 * Indonesia closed for market holiday 

  Change so far in 2018

  Currency                    Latest bid  End 2017      Pct Move

  Japan yen                110.050           112.67     +2.38
  Sing dlr                    1.350             1.3373     -0.95
  Taiwan dlr                 30.092            29.848     -0.81
  Korean won              1105.100         1070.50     -3.13
  Baht                         32.640             32.58     -0.18
  Peso                        53.325             49.93     -6.37
  Rupiah                     13925.000          13565     -2.59
  Rupee                      67.985             63.87     -6.05
  Ringgit                     3.995             4.0440     +1.23
  Yuan                        6.447             6.5069     +0.93
 - Reuters

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