Ringgit rises against US$ on higher oil prices


  • Oil & Gas
  • Wednesday, 09 Jan 2019

KUALA LUMPUR:  The ringgit was slightly higher against the US dollar in the early trading session on Wednesday as better global oil prices lifted market sentiment for the local note.

At 9.21 am (0121 gmt), the ringgit stood at 4.1150/1200 versus the US dollar from 4.1160/1200 Tuesday.

A dealer said US oil prices rose above US$50 a barrel on market expectations that Washington and Beijing could resolve their trade dispute.

“US West Texas Intermediate (WTI) crude oil futures was up 36 cents to US$50.14 per barrel, while the international benchmark Brent crude futures had yet to trade,” he added.

Meanwhile, the ringgit traded lower against other major currencies, except against the British pound, where it rose to 5.2425/2509 from 5.2537/2608 at close Tuesday.

It declined against the Singapore dollar to 3.0318/0359 from 3.0287/0328, fell against the yen to 3.7825/7882 from 3.7803/7843, and weakened against the euro to 4.7141/7215 from 4.7128/7190. - Bernama

Most Asian currencies inch up, Indonesian rupiah leads

The following table shows rates for Asian currencies against the dollar at 0150 GMT (0954 Malaysian time)on Wednesday Jan 9.

    CURRENCIES VS U.S. DOLLAR

 Currency                     Latest bid  Previous day  Pct Move

 Japan yen                    108.690     108.73        -0.02
 Sing dlr                     1.356       1.3576        +0.12
 Taiwan dlr                   30.780      30.836        +0.15
 Korean won                   1121.400    1124.1        +0.24
 Baht                         31.980      32.07         +0.28
 Peso                         52.400      52.47         -0.13
 Rupiah                       14095.000   14140         +0.35
 Rupee                        70.200      70.20          0.00
 Ringgit                      4.110       4.116         +0.07
 Yuan                         6.836       6.8548        +0.24

 Change so far in 2019

 Currency                     Latest bid  End 2018      Pct Move

 Japan yen                    108.690     109.56        +0.80
 Sing dlr                     1.356       1.3627        +0.49
 Taiwan dlr                   30.780      30.733        -0.15
 Korean won                   1121.400    1115.70       -0.51
 Baht                         31.980      32.55         +1.78
 Peso                         52.400      52.58         +0.34
 Rupiah                       14095.000   14375         +1.99
 Rupee                        70.200      69.77         -0.61
 Ringgit                      4.110       4.1300        +0.49
 Yuan                         6.836       6.8730        +0.54
- Reuters

EXCHANGE RATES ISSUED BY MALAYAN BANKING BHD  ON WEDNESDAY JAN 9

SELLING TT/OFBUYING TTBUYING OD

1 US Dollar 4.16804.05404.0440

1 Australian Dollar 2.99102.90102.8850

1 Brunei Dollar 3.07002.98602.9780

1 Canadian Dollar 3.14303.06403.0520

1 Euro 4.77504.64304.6230

1 New Zealand Dollar 2.81902.72702.7110

1 Papua N Guinea Kina N/AN/AN/A

1 Singapore Dollar 3.07002.98602.9780

1 Sterling Pound 5.29705.17505.1550

1 Swiss Franc 4.23804.14604.1310

100 UAE Dirham 114.7900109.0600108.8600

100 Bangladesh Taka 5.04904.76904.5690

100 Chinese Renminbi N/AN/AN/A

100 Danish Krone 65.640060.530060.3300

100 Hongkong Dollar 53.730051.160050.9600

100 Indian Rupee 6.04105.68005.4800

100 Indonesian Rupiah 0.03050.02760.0226

100 Japanese Yen 3.83603.72303.7130

100 New Taiwan Dollar N/AN/AN/A

100 Norwegian Krone 50.150046.230046.0300

100 Pakistan Rupee 3.05002.83002.6300

100 Philippine Peso 8.07007.61007.4100

100 Qatar Riyal 115.8500109.9800109.7800

100 Saudi Riyal 112.4400106.7400106.5400

100 South Africa Rand 30.780028.310028.1100

100 Sri Lanka Rupee 2.34002.16001.9600

100 Swedish Krona 48.240044.030043.8300

100 Thai Baht 13.560012.130011.7300 --BERNAMA


   

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