Tag Archives: Malaysian Ringgit

Ringgit Hits New High Against US Dollar

Ringgit Malaysia rose to a new 14-year high of RM2.9432/USD 1 on last Wednesday, July 27. In the other words, Malaysian just needs to pay RM2.94 to buy US$ 1. The appreciation of ringgit is due to the stronger economic fundamentals and better economic growth prospect.

Ringgit Appreciate

I believe that the value of ringgit would further increase. This is because the US debt compared to GDP was still rising despite the end of the QE II. Besides that, there is speculation that Bank Negara Malaysia will raise the overnight policy rate (OPR) to curb inflation also. This will strengthen our ringgit value in the next couple months.

Continue reading

Singapore Dollar Continues to Rise

While both the Singapore Dollar (SGD) and the Malaysian Ringgit (MYR) had appreciated against the US Dollar recently, the Singapore Dollar had also outperformed the Malaysian Ringgit at the same time.

SGD vs MYR

As of 21st June 2011, 1 SGD is trading at 2.46 MYR. This is close to the highest level seen in the past year. As we can see that the Singapore dollar has been on a steady moving upwards from its low in the 2008-2009 financial crisis.

Continue reading

Ringgit Malaysia Hits High of 3.15 against US Dollar

The US dollar was one of the strongest currencies in the market with millions of people using them but however, they are now losing against Asian countries such as Malaysia, Singapore and etc.

usd against myr

Based on my personal analysis, the Malaysian Ringgit (MYR) against the US Dollar is at its strongest in the beginning of April if compared with the previous months with it reaching MYR 3.21.

Continue reading