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  1. Jun 6, 2024 · Peter Chia, senior foreign exchange strategist at United Overseas Bank, said the ringgit regained its footing to be the best-performing Asia currency in the second quarter to date, gaining 0.5 per cent against the US dollar while other Asia peers slipped.

  2. 4 days ago · TODAY spoke to some experts to understand why the ringgit continues to be weak and what their forecast would be on the strength of the Malaysian currency. Two Malaysians working in Singapore also weighed in on the appeal of working here.

  3. Jun 21, 2024 · The ringgit is now trading at around 4.7065 per dollar, marking a recovery from its lowest point in 26 years at 4.8053 set in February. KUALA LUMPUR: Bank Negara Malaysia's (BNM) utilisation of currency forwards is an effective strategy to stabilise the ringgit and maintain economic stability.

  4. Jun 20, 2024 · A stronger currency will result in smaller yuan-denominated revenues for exporters and can exacerbate the financial fragility of China where public and private debt exceeds 300% of GDP. And there are worries that too rapid an appreciation could spark a destabilizing of capital inflows or outflows.

  5. Jun 20, 2024 · MALAYSIA’S central bank has been increasingly using currency forwards to support the ringgit, easing pressure on its foreign-exchange reserves.

  6. Jun 21, 2024 · The ringgit has been depreciating since last week. On average, the ringgit was trading around 4.20 in March 2022. As of today, the currency was down to 4.28 (+7.0% vs. March 2022)

  7. May 31, 2024 · Currency in Circulation. There are over RM150 billion in coins and notes circulating in the Malaysian economy. This dashboard, which builds on Bank Negara Malaysia's Monthly Highlight and Statistics, provides an overview allowing users to track the composition and growth of currency in circulation. It should be noted that currency in ...