Business

Ringgit appreciates against US$

KUALA LUMPUR: The ringgit appreciated against the US dollar in early trade Friday as the greenback retreated from its recent gains on profit-taking, dealers said.

At 9 am(0100gmt), the local unit rose to 4.2240/2270 against the greenback from 4.2300/2330 recorded at 6pm Thursday.

The greenback rallied recently on hopes for another round of interest rates hike and prospects for a tax reform plan proposed by President Donald Trump.

Meanwhile, the ringgit was traded lower against other major currencies.

It weakened against the Singapore dollar to 3.1118/1150 from 3.1076/1109 on Thursday and depreciated against the yen to 3.7523/7560 from 3.7513/7550 Thursday.

The local unit also declined versus the Euro to 4.9793/9841 from 4.9770/9818 and retreated against the British pound to 5.6711/6764 from 5.6564/6621 on Thursday .

The overnight pound received a boost following upbeat Brexit remarks made by the lead negotiator for the European Union and the United Kingdom. – Bernama

 

EXCHANGE RATES ISSUED BY MALAYAN BANKING BHD : SEPT 29

  SELLING TT/OD BUYING TT BUYING OD 

 1 US Dollar 4.2900 4.1630 4.1530 
 1 Australian Dollar 3.3610 3.2700 3.2540 
 1 Brunei Dollar 3.1540 3.0680 3.0600 
 1 Canadian Dollar 3.4420 3.3550 3.3430 
 1 Euro 5.0410 4.9140 4.8940 
 1 New Zealand Dollar 3.1050 2.9960 2.9800 
 1 Papua N Guinea Kina 1.4410 1.2110 1.1950 
 1 Singapore Dollar 3.1535 3.0680 3.0600 
 1 Sterling Pound 5.7310 5.6150 5.5950 
 1 Swiss Franc 4.4000 4.3060 4.2910 
 100 UAE Dirham 118.0300 112.1100 111.9100 
 100 Bangladesh Taka 5.2970 5.0180 4.8180 
 100 Chinese Renminbi 64.4000 61.9000 0.0000 
 100 Danish Krone 69.6000 64.1600 63.9600 
 100 Hongkong Dollar 55.5000 52.7300 52.5300 
 100 Indian Rupee 6.6540 6.2600 6.0600 
 100 Indonesian Rupiah 0.0329 0.0297 0.0247 
 100 Japanese Yen 3.8100 3.6990 3.6890 
 100 New Taiwan Dollar 15.2000 NA 0.0000 
 100 Norwegian Krone 55.3700 51.0200 50.8200 
 100 Pakistan Rupee 4.1400 3.8800 3.6800 
 100 Philippine Peso 8.5500 8.0700 7.8700 
 100 Qatar Riyal 116.6100 110.9200 110.7200 
 100 Saudi Riyal 115.6300 109.7700 109.5700 
 100 South Africa Rand 32.5500 30.0200 29.8200 
 100 Sri Lanka Rupee 2.8700 2.6500 2.4500 
 100 Swedish Krona 54.4400 49.6800 49.4800 
 100 Thai Baht 13.7000 11.6500 11.2500  – Bernama

 

  The following table shows rates for Asian currencies against the dollar at 0146 GMT(0946 Malaysian time) on Friday Sept 29.

  CURRENCIES VS U.S. DOLLAR

  Change on the day at0146 GMT
   
  Currency         Latest bid   Previous day      Pct Move
                                        
  Japan yen          112.56        112.33          -0.20
  Sing dlr           1.3590        1.3576             -0.10
  Taiwan dlr         30.391        30.405           +0.05
  Korean won         1146          1149.1         +0.27
  Baht               33.360          33.4              +0.12
  Peso               50.870         50.98            +0.22
  Rupiah             13495          13510           +0.11
  Rupee              65.50          65.50              0.00
  Ringgit            4.227           4.23              +0.07
  Yuan               6.680         6.6570             -0.34
                                                  
  Change so far in 2017 
               
  Currency           Latest bid    End 2016  Pct Move
  
  Japan yen          112.56        117.07      +4.01
  Sing dlr           1.3590        1.4490         +6.62
  Taiwan dlr         30.391        32.279       +6.21
  Korean won         1146         1207.70     +5.38
  Baht               33.360         35.80          +7.31
  Peso               50.870         49.72         -2.26
  Rupiah             13495          13470        -0.19
  Rupee              65.500         67.92        +3.69
  Ringgit            4.227         4.4845        +6.09
  Yuan               6.680         6.9467        +3.99
 – Reuters