Ringgit higher against US$ on better demand for ringgit


  • Forex
  • Thursday, 10 Jan 2019

At 9.16 am (016 Malaysian time), the ringgit stood at 4.1030/1080, versus the US dollar, up 100 basis points, from 4.1130/1160 on Wednesday.

At 9.16 am (016 Malaysian time), the ringgit stood at 4.1030/1080, versus the US dollar, up 100 basis points, from 4.1130/1160 on Wednesday.

KUALA LUMPUR: The ringgit was higher against the US dollar, in early trading Thursday, on better demand for the local note because the US dollar was under pressure as the United States Federal Reserve was anticipated to put a hold its rate tightening cycle in 2019.

At 9.16 am (016 Malaysian time), the ringgit stood at 4.1030/1080, versus the US dollar, up 100 basis points, from 4.1130/1160 on Wednesday.

Besides, the mood in the local market was also lifted by signs of progress made in US-China trade talks, as the trade tensions between the two large economies had rattled markets for most of 2018.

Meanwhile, the ringgit traded mostly lower against other major currencies, except against the Singapore dollar.

It rose to 3.0296/0351 from 3.0310/0336 recorded on Wednesday,

The local unit declined against the yen to 3.8015/8069 from 3.7755/7796, weakened against the British pound to 5.2469/2550 from 5.2445/2504 and was lower against the euro at 4.7369/7435 from 4.7135/7178 on Wednesday. - Bernama

EXCHANGE RATES ISSUED BY MALAYAN BANKING BHD : THURSDAY JAN 10

SELLING TT/OF BUYING TT BUYING OD

1 US Dollar
4.1600 4.0450 4.0350

1 Australian Dollar
2.9880 2.8970 2.8810

1 Brunei Dollar
3.0730 2.9880 2.9800

1 Canadian Dollar
3.1430 3.0650 3.0530

1 Euro
4.8040 4.6700 4.6500

1 New Zealand Dollar
2.8310 2.7390 2.7230

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

1 Singapore Dollar
3.0730 2.9880 2.9800

1 Sterling Pound
5.3090 5.1870 5.1670

1 Swiss Franc
4.2590 4.1670 4.1520

100 UAE Dirham
114.5600 108.8200 108.6200

100 Bangladesh Taka
5.0540 4.7550 4.5550

100 Chinese Renminbi
N/A N/A N/A

100 Danish Krone
66.0500 60.8900 60.6900

100 Hongkong Dollar
53.6300 51.0500 50.8500

100 Indian Rupee
5.9930 5.6400 5.4400

100 Indonesian Rupiah
0.0305 0.0276 0.0226

100 Japanese Yen
3.8510 3.7360 3.7260

100 New Taiwan Dollar
N/A N/A N/A

100 Norwegian Krone
50.4200 46.4600 46.2600

100 Pakistan Rupee
3.0500 2.8200 2.6200

100 Philippine Peso
8.0700 7.6100 7.4100

100 Qatar Riyal
115.6000 109.7400 109.5400

100 Saudi Riyal
112.2100 106.5200 106.3200

100 South Africa Rand
30.8600 28.3900 28.1900

100 Sri Lanka Rupee
2.3400 2.1600 1.9600

100 Swedish Krona
48.4000 44.1600 43.9600

100 Thai Baht
13.5700 12.1300 11.7300 --BERNAMA

Most Asian currencies inch up; rupiah, won lead gains

The following table shows rates for Asian currencies against the dollar at 0150 GMT (0950 Malaysian time) on Thursday Jan 10.

    CURRENCIES VS U.S. DOLLAR

 Currency               Latest bid  Previous day  Pct Move

 Japan yen              107.870     108.16        +0.27
 Sing dlr               1.354       1.3533        -0.02
 Taiwan dlr             30.806      30.801        -0.02
 Korean won             1120.100    1122.1        +0.18
 Baht                   31.965      32.01         +0.14
 Peso                   52.170      52.2          +0.06
 Rupiah                 14095.000   14120         +0.18
 Rupee                  70.460      70.46          0.00
 Ringgit                4.103       4.113         +0.24
 Yuan                   6.818       6.8175        -0.01

 Change so far in 2019

 Currency               Latest bid  End 2018      Pct Move

 Japan yen              107.870     109.56        +1.57
 Sing dlr               1.354       1.3627        +0.67
 Taiwan dlr             30.806      30.733        -0.24
 Korean won             1120.100    1115.70       -0.39
 Baht                   31.965      32.55         +1.83
 Peso                   52.170      52.47         +0.58
 Rupiah                 14095.000   14375         +1.99
 Rupee                  70.460      69.77         -0.98
 Ringgit                4.103       4.1300        +0.66
 Yuan                   6.818       6.8730        +0.81
 - Reuters

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