Ringgit

2024 - 2 - 20

Ringgit Rollercoaster: From All-Time Lows to Surprising Highs

currency -- ringgit malaysia Central Bank of Malaysia - Malaysian economy - Malaysian ringgit - currency - ringgit malaysia

Find out how Malaysia's ringgit plummeted to record lows and soared to unexpected highs in a wild ride of economic twists and turns! #Ringgit #MalaysiaEconomy

The Malaysian ringgit has been on a wild rollercoaster ride lately, experiencing drastic fluctuations in value against the Singapore dollar and other major currencies. Tradeview Capital Sdn Bhd vice president Tan Cheng Wen expressed concerns as the ringgit hit a new all-time low of 3.56 against the Singapore dollar, while the Bursa Malaysia closed with a solid rally to its highest point in about 21 months. Despite the ringgit's plummet to a 26-year low, the central bank insists that it doesn't reflect Malaysia's positive economic outlook.

The downward spiral continued as the ringgit tanked to its lowest level in 26 years, echoing the struggles faced during the Asian financial crisis. External factors, such as the People's Bank of China unexpectedly cutting its key borrowing rate, played a significant role in influencing the ringgit's decline. The situation escalated further as the ringgit extended its declines to the lowest level since the Asian financial crisis, sparking a verbal response from Malaysia's central bank.

In the midst of the chaos, the Malaysian central bank emphasized that the ringgit's current value doesn't align with the country's positive economic forecast. The currency's fluctuating fortunes have highlighted the challenges and resilience of the Malaysian economy in the face of global economic uncertainties.

As the ringgit continues its turbulent journey, it remains a key indicator of Malaysia's economic stability and resilience amidst volatile market conditions. The recent highs and lows serve as a reminder of the currency's sensitivity to external market forces and the importance of economic strategies in safeguarding Malaysia's financial well-being.

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Image courtesy of "New Straits Times Online"

Ringgit hits new all-time low of 3.56 to the Singapore dollar (New Straits Times Online)

KUALA LUMPUR: The ringgit hit a new all-time low of 3.56 against the Singapore dollar today. Tradeview Capital Sdn Bhd vice president Tan Cheng Wen said ...

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Image courtesy of "The Star Online"

FBM KLCI at 21-month high; ringgit hits 26-year low (The Star Online)

KUALA LUMPUR: Bursa Malaysia closed on Tuesday with a solid rally to its highest in about 21 months while the ringgit weakened to its lowest in 26 years.

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Image courtesy of "The Edge Markets MY"

Ringgit's current level doesn't reflect Malaysia's positive outlook ... (The Edge Markets MY)

The ringgit's current level does not reflect the positive outlook of the Malaysian economy, the central bank said on Tuesday, as the currency dropped to its ...

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Image courtesy of "The Business Times"

Ringgit tanks to 26-year low as central bank maintains economic ... (The Business Times)

[KUALA LUMPUR] Malaysia's central bank said the ringgit – which on Tuesday (Feb 20) fell to its lowest level since the Asian financial crisis 26 years ago ...

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Image courtesy of "CNA"

Malaysian ringgit falls to lowest level in 26 years (CNA)

KUALA LUMPUR: Malaysia's ringgit hit its lowest level since the Asian financial crisis on Tuesday (Feb 20), as emerging Asian currencies suffered against ...

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Image courtesy of "Free Malaysia Today"

Ringgit closes lower influenced by external factors (Free Malaysia Today)

KUALA LUMPUR: The People's Bank of China (PBoC) unexpectedly cutting its key borrowing rate more than what the market anticipated drove major regional ...

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Image courtesy of "Yahoo Finance"

Ringgit's Fall to 26-Year Low Sparks Central Bank Verbal Reply (Yahoo Finance)

(Bloomberg) -- The ringgit extended declines to its lowest level since the Asian financial crisis, prompting Malaysia's central bank to say it doesn't ...

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Image courtesy of "The Star Online"

Unexpected PBOC key borrowing cut drives ringgit lower (The Star Online)

KUALA LUMPUR: The People's Bank of China (PBOC) unexpectedly cutting its key borrowing rate more than what the market anticipated drove major regional ...

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Image courtesy of "New Straits Times Online"

3 reasons why the ringgit keeps reaching new lows against the ... (New Straits Times Online)

Since Jan 2 this year, the ringgit has weakened about 2 per cent against the Singapore dollar. Business Times spoke to Central for Market Education (CME) ...

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Image courtesy of "The Star Online"

A dark day for the ringgit (The Star Online)

The recent weakness in the ringgit was partly due to the soft economic expansion. KUALA LUMPUR: It was a double whammy day for the ringgit, with the currency ...

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Image courtesy of "Free Malaysia Today"

BNM says falling ringgit doesn't reflect economy's prospects (Free Malaysia Today)

PETALING JAYA: Bank Negara Malaysia (BNM) governor Abdul Rasheed Ghaffour said the ringgit's recent sharp drop does not reflect the “positive prospects” of ...

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Image courtesy of "Free Malaysia Today"

Ringgit sinks to new low but experts remain mostly positive (Free Malaysia Today)

Economist and analyst expect the currency to recover over the next few months.

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Image courtesy of "South China Morning Post"

Malaysia's central bank sees 'positive' economy in 2024 despite ... (South China Morning Post)

Malaysia's 2024 economic growth will be driven by higher external demand and strong domestic spending, on expectations of accelerated global trade, the bank ...

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Image courtesy of "New Straits Times Online"

Ringgit continues free fall against Singapore dollar, 3.5725 today (New Straits Times Online)

KUALA LUMPUR: The ringgit has reached a new record low against the Singapore dollar just a day after 3.56 to the Singapore dollar.

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Image courtesy of "FXStreet"

The Malaysian Ringgit and Thai Baht face persistent depreciatory ... (FXStreet)

The USD/MYR pair is trading above 4.80, marking a 4.5% decline year-to-date for the Malaysian ringgit against the US dollar.

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Image courtesy of "Nasdaq"

Malaysia ringgit fall driven by external factors, economic prospects ... (Nasdaq)

Malaysia's central bank said the recent performance of the ringgit, which hit a 26-year-low on Tuesday, was largely due to external factors and did not ...

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Image courtesy of "The Business Times"

Your dream Malaysia vacation just got cheaper with ringgit near 26 ... (The Business Times)

FROM the bustle of Kuala Lumpur to island hopping, to elephant spotting, Malaysia's varied attractions now have added appeal thanks to the weak ringgit ...

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Image courtesy of "The Malaysian Reserve"

Ringgit slide not main reason Malaysians work... (The Malaysian Reserve)

THE weakening ringgit is not the main driver for Malaysians migrating abroad for work. JobStreet by SEEK Malaysia MD Vic Sithasanan said while a weaker ...

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Image courtesy of "The Sun Daily"

'Weak ringgit not key factor in Malaysian workers migrating abroad' (The Sun Daily)

KUALA LUMPUR: The weakness of ringgit against other currencies is not the main factor driving Malaysian workers to migrate abroad, according to Jobstr...

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Image courtesy of "The Star Online"

Ringgit to recover in value due to ongoing structural reforms, says ... (The Star Online)

KUALA LUMPUR: Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the value of the ringgit should be better than what it is now due ...

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Image courtesy of "The Borneo Post"

Minister: Raising OPR to strengthen ringgit not a good move (The Borneo Post)

Fahmi said the explanation regarding the ringgit's performance was provided by BNM governor Datuk Abdul Rasheed Ghaffour yesterday and Finance Minister II Datuk ...

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Image courtesy of "The Sun Daily"

'Weak ringgit not key factor driving Malaysians to work abroad' (The Sun Daily)

KUALA LUMPUR: The weakness of ringgit against other currencies is not the main factor driving Malaysian workers to migrate abroad, according to Jobstr...

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Image courtesy of "The Edge Markets MY"

Fahmi says unwise to raise OPR to strengthen ringgit (The Edge Markets MY)

“I am aware that some have commented on it, but I don't know if certain parties want Bank Negara Malaysia (BNM) to raise the OPR. I believe it is not something ...

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Image courtesy of "BNN"

Ringgit Falls to 26-Year Low as Malaysia's Growth Disappoints ... (BNN)

“BNM is of the view that the current level of the ringgit does not reflect the positive prospects of the Malaysian economy going forward,” Bank Negara Malaysia ...

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Image courtesy of "New Straits Times Online"

Weak ringgit not the main reason why Malaysians choose to find ... (New Straits Times Online)

Jobstreet by Seek Malaysia managing director Vic Sithasanan said there are many factors that must be taken into account before a person decides to work overseas ...

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Image courtesy of "Free Malaysia Today"

Ringgit closes slightly higher despite a stronger greenback (Free Malaysia Today)

Foreign exchange markets remain cautious ahead of the US Federal Open Market Committee minutes' release tonight, says analyst.

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Image courtesy of "The Edge Markets MY"

Ringgit ends slightly higher against US dollar, major currencies (The Edge Markets MY)

The ringgit ended slightly higher against the US dollar on Wednesday, although the greenback had strengthened as investors focused on the upcoming release ...

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