KUALA LUMPUR: The ringgit was higher against the US dollar early Tuesday on continuous support for the local note, dealers said.

At 9 am(0100gmt), the local unit opened aazt 4.0480/0510 against the US dollar from Monday’s 4.0600/0650.

A dealer said the ringgit continued Monday’s rally which saw the local currency surging 0.68 per cent against the US dollar to 4.0630, the best since September 2016.

“Investors were positive of the ringgit which was supported by strong economic forecast on the back of strong exports, firm crude oil prices as well as expectation of an overnight policy rate rise in January next year,” he said

The ringgit rose against the Singapore dollar to 3.0056/0092 from 3.0094/0142 Monday and improved against the euro to 4.8046/8098 from 4.8123/8191 on Monday.

It decreased against the British pound to 5.4539/4587 from 5.4522/4609 on Monday and slipped against the yen to 3.5992/6028 from Monday’s 3.5958/5009 . – Bernama

EXCHANGE RATES ISSUED BY MALAYAN BANKING BHD

: DEC 5

SELLING TT/ODBUYING TTBUYING OD

1 US Dollar4.11403.98903.9790
1 Australian Dollar3.12803.04503.0290
1 Brunei Dollar3.04802.96702.9590
1 Canadian Dollar3.23703.15703.1450
1 Euro4.86704.74804.7280
1 New Zealand Dollar2.83602.73802.7220
1 Papua N Guinea Kina1.37501.15401.1380
1 Singapore Dollar3.04752.96702.9590
1 Sterling Pound5.51105.40305.3830
1 Swiss Franc4.15804.07104.0560
100 UAE Dirham113.1200107.4900107.2900
100 Bangladesh Taka5.05304.78804.5880
100 Chinese Renminbi62.100059.70000.0000
100 Danish Krone67.220061.990061.7900
100 Hongkong Dollar53.150050.520050.3200
100 Indian Rupee6.48506.10005.9000
100 Indonesian Rupiah0.03150.02840.0234
100 Japanese Yen3.65203.54903.5390
100 New Taiwan Dollar14.7000NA0.0000
100 Norwegian Krone50.700046.750046.5500
100 Pakistan Rupee3.97003.72003.5200
100 Philippine Peso8.23007.76007.5600
100 Qatar Riyal114.1800108.3900108.1900
100 Saudi Riyal110.8400105.2200105.0200
100 South Africa Rand31.220028.730028.5300
100 Sri Lanka Rupee2.75002.53002.3300
100 Swedish Krona50.310045.930045.7300
100 Thai Baht13.120011.730011.3300

- Bernama

The following table shows rates for Asian currencies against the dollar on Tuesday Dec 5.

CURRENCIES VS U.S. DOLLAR: CHANGE AT 0150 GMT

Change on the day at 0150 GMT

Currency                    Latest bid  Previous day       Pct

Japan yen                       112.46      112.4    -0.05
Sing dlr                        1.3458     1.3472    +0.10
Taiwan dlr                      30.023     30.036    +0.04
Korean won                      1086       1088.7    +0.29
Peso                            50.570     50.665    +0.19
Rupiah                          13513       13525    +0.09
Rupee                           64.37       64.37     0.00
Ringgit                         4.049        4.06    +0.27
Yuan                            6.616      6.6166    +0.02

Change so far in 2017

Currency                        Latest bid   End 2016      Pct move

Japan yen                       112.46     117.07    +4.10
Sing dlr                        1.3458     1.4490    +7.67
Taiwan dlr                      30.023     32.279    +7.51
Korean won                      1086      1207.70   +11.26
Peso                            50.570      49.72    -1.68
Rupiah                          13513       13470    -0.32
Rupee                           64.370      67.92    +5.51
Ringgit                         4.049      4.4845   +10.76
Yuan                            6.616      6.9467    +5.01
– Reuters

Category:

Business, TextNews

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