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Exchange Rates for RM
- Thread starter crystal_tiong
- Start date
Arcade cash ~ 2.94.
FX is trading..~2.57.
u too excited ! should be 2.594
Last edited:
2.6? Where are you? Looks like very difficult......
Steady ringgit seen next week
17 May 2014| last updated at 04:03PM
KUALA LUMPUR: The ringgit is likely to hold steady at between 3.10 and 3.23 against the US dollar next week, said dealers.
Despite the cautious stance adopted by players amid uncertainties over the ringgit's immediate direction, dealers said the market would gradually react to the announcement of the first quarter gross domestic product announcement.
"The market will absorb the announcement by the central bank," Hong Leong Bank fixed income and economic research senior manager Choong Yin Pheng told Bernama.
She added that the market is also cautious on expectations of an interest rate hike n the future.
Malaysia's gross domestic product growth improved significantly to 6.2 per cent in the first quarter of 2014 from 4.2 per cent in the same period last year, anchored by domestic demand and a turnaround in net exports.
For the week just ended, the ringgit closed lower at 3.2325/2355 from 3.2275/2305 last Friday.
Against other major currencies, the ringgit was firmer against the Singapore dollar at 2.5810/5853 from 2.5849/5894, but fell against the yen to 3.1822/1858 from 3.1714/1749.
It was up against the British pound to 5.4309/4376 from last Friday's 5.4554/4612 and closed higher against the euro at 4.4340/4391 from 4.4585/4639 last Friday.-- Bernama
Read more: Steady ringgit seen next week - Latest - New Straits Times http://www.nst.com.my/business/late...=com_google/index.php?com_goole#ixzz326wniXvK
17 May 2014| last updated at 04:03PM
KUALA LUMPUR: The ringgit is likely to hold steady at between 3.10 and 3.23 against the US dollar next week, said dealers.
Despite the cautious stance adopted by players amid uncertainties over the ringgit's immediate direction, dealers said the market would gradually react to the announcement of the first quarter gross domestic product announcement.
"The market will absorb the announcement by the central bank," Hong Leong Bank fixed income and economic research senior manager Choong Yin Pheng told Bernama.
She added that the market is also cautious on expectations of an interest rate hike n the future.
Malaysia's gross domestic product growth improved significantly to 6.2 per cent in the first quarter of 2014 from 4.2 per cent in the same period last year, anchored by domestic demand and a turnaround in net exports.
For the week just ended, the ringgit closed lower at 3.2325/2355 from 3.2275/2305 last Friday.
Against other major currencies, the ringgit was firmer against the Singapore dollar at 2.5810/5853 from 2.5849/5894, but fell against the yen to 3.1822/1858 from 3.1714/1749.
It was up against the British pound to 5.4309/4376 from last Friday's 5.4554/4612 and closed higher against the euro at 4.4340/4391 from 4.4585/4639 last Friday.-- Bernama
Read more: Steady ringgit seen next week - Latest - New Straits Times http://www.nst.com.my/business/late...=com_google/index.php?com_goole#ixzz326wniXvK
Exceptionally good first quarter GDP.
Malaysia economy shd do very well this year. If Singapore can also do very well, there is a good chance for SGD to be stronger. But 2.5-2.6 is a very comfortable range for me.
Oh no.....alamak!!!! 2.6 is gone!
Bedok where? Near sheng siong.
2.581 cash.
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