Business

Ringgit higher against US$

KUALA LUMPUR: The ringgit reversed its losses of the past two days to be higher against the US dollar early Wednesday as the US jobs report, due on Friday, sparked some volatility in the greenback, a dealer said.

At 9 am(0100gmt), the local traded at 4.2270/2300 against the greenback from 4.2350/2390 recorded at 6 pm(1000gmt) Tuesday.

FXTM Research Analyst Lukman Otunuga said the impact of Hurricanes Irma and Harvey added some unplanned component, as such the jobs data could be distorted.

The ringgit was traded mixed against other major currencies.

It fell against the Singapore dollar to 3.1079/1110 from yesterday’s 3.1046/1085 , improved against the British pound to 5.6033/6086 from 5.6076/6146 on Tuesday.

Against the yen, the local note depreciated to 3.7530/7567 from 3.7471/7510 and eased versus the euro to 4.9739/9791 from 4.9693/9757 on Tuesday. – Bernama

EXCHANGE RATES ISSUED BY MALAYAN BANKING BHD : OCT 4

SELLING TT/OF BUYING TT BUYING OD

1 US Dollar 4.2870 4.1620 4.1520
1 Australian Dollar 3.3600 3.2710 3.2550
1 Brunei Dollar 3.1480 3.0630 3.0550
1 Canadian Dollar 3.4290 3.3450 3.3330
1 Euro 5.0320 4.9090 4.8890
1 New Zealand Dollar 3.0850 2.9780 2.9620
1 Papua N Guinea Kina 1.4380 1.2070 1.1910
1 Singapore Dollar 3.1475 3.0630 3.0550
1 Sterling Pound 5.6560 5.5440 5.5240
1 Swiss Franc 4.3920 4.3020 4.2870
100 UAE Dirham 117.9500 112.0800 111.8800
100 Bangladesh Taka 5.3260 5.0470 4.8470
100 Chinese Renminbi NA NA 0.0000
100 Danish Krone 69.4900 64.0800 63.8800
100 Hongkong Dollar 55.4600 52.7100 52.5100
100 Indian Rupee 6.6470 6.2500 6.0500
100 Indonesian Rupiah 0.0328 0.0296 0.0246
100 Japanese Yen 3.8040 3.6960 3.6860
100 New Taiwan Dollar NA NA 0.0000
100 Norwegian Krone 55.1900 50.8800 50.6800
100 Pakistan Rupee 4.1400 3.8800 3.6800
100 Philippine Peso 8.5000 8.0200 7.8200
100 Qatar Riyal 117.5000 110.0000 111.0200
100 Saudi Riyal 115.5800 109.7200 109.5200
100 South Africa Rand 32.2500 29.7500 29.5500
100 Sri Lanka Rupee 2.8700 2.6400 2.4400
100 Swedish Krona 54.4100 49.6700 49.4700
100 Thai Baht 13.7100 11.6600 11.2600  – Bernama

Asian currencies edge up, Indonesian rupiah leads gains

The following table shows rates for Asian currencies against the dollar at 0151 GMT(0951 Malaysian time).

    CURRENCIES VS U.S. DOLLAR

Currency                        Latest bid     Previous    Pct
day           Move

Japan yen                      112.620           112.84  +0.20
Sing dlr                       1.359             1.3619  +0.20
Baht                           33.340            33.435  +0.28
Peso                           50.970             51.05  +0.16
Rupiah                         13490.000          13540  +0.37
Rupee                          65.495             65.50   0.00
Ringgit                        4.226             4.2375  +0.27

Change so far in 2017

Currency                       Latest bid   End 2016       Pct Move

Japan yen                      112.620           117.07  +3.95
Sing dlr                       1.359             1.4490  +6.61
Baht                           33.340             35.80  +7.38
Peso                           50.970             49.72  -2.45
Rupiah                         13490.000          13470  -0.15
Rupee                          65.495             67.92  +3.70
Ringgit                        4.226             4.4845  +6.12
– Reuters