Ringgit higher against US$ on higher oil prices


  • Forex
  • Wednesday, 12 Dec 2018

At 9.14 am (0114 gmt), the local note stood at 4.1790/1840 against the US dollar from 4.1830/1860 at Tuesday's close.

At 9.14 am (0114 gmt), the local note stood at 4.1790/1840 against the US dollar from 4.1830/1860 at Tuesday's close.

KUALA LUMPUR: The ringgit was higher against the US dollar early Wednesday as gains in global oil prices lifted buying sentiment towards the local note.

At 9.14 am (0114 gmt), the local note stood at 4.1790/1840 against the US dollar from 4.1830/1860 at Tuesday's close.

A dealer said global oil prices recovered some ground as market players expect the supply cut led by the Organisation of the Petroleum Exporting Countries for next year would help stabilise markets.

“Higher oil prices are viewed as positive for Malaysia's oil and gas revenue,” he added.

US West Texas Intermediate (WTI) crude futures increased one per cent to US$52.15 per barrel.

Meanwhile, the ringgit also traded higher against other major currencies.

It rose against the Singapore dollar to 3.0444/0485 from 3.0473/0506 yesterday and was higher against the yen at 3.6832/6886 from 3.7008/7038.

It improved against the pound to 5.2238/2317 from 5.2773/2827 and appreciated against the euro at 4.7344/7413 from 4.7603/7653.  Bernama

Korean won, Indonesian rupiah lead gains in Asian currencies

KUALA LUMPUR: The following table shows rates for Asian currencies against the dollar at 0136 GMT (0936 Malaysian time) on Wednesday Dec 12.

    CURRENCIES VS U.S. DOLLAR

  Currency                Latest bid  Previous day  Pct Move

  Japan yen               113.470           113.37     -0.09
  Sing dlr                1.373             1.3734     +0.04
  Taiwan dlr              30.850            30.894     +0.14
  Korean won              1127.200          1130.1     +0.26
  Baht                    32.730             32.79     +0.18
  Peso                    52.645             52.68     +0.07
  Rupiah                  14565.000          14595     +0.21
  Rupee                   71.850             71.85     +0.00
  Ringgit                 4.179              4.183     +0.10
  Yuan                    6.885             6.8989     +0.20
                                                            
  Change so far in 2018 

  Currency                Latest bid  End 2017      Pct Move

  Japan yen               113.470           112.67     -0.71
  Sing dlr                1.373             1.3373     -2.59
  Taiwan dlr              30.850            29.848     -3.25
  Korean won              1127.200         1070.50     -5.03
  Baht                    32.730             32.58     -0.46
  Peso                    52.645             49.93     -5.16
  Rupiah                  14565.000          13565     -6.87
  Rupee                   71.850             63.87    -11.11
  Ringgit                 4.179             4.0440     -3.23
  Yuan                    6.885             6.5069     -5.49
 - Reuters

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