Ringgit
2024 - 9 - 30The Ringgit Rollercoaster: How Malaysia is Winning the Currency Game!
Bank Muamalat - Currency Exchange Rates - Foreign Investment - Macro-Economic Trends - Malaysian RinggitGet ready to cheer for the Ringgit! It’s breaking records and boosting Malaysian pride faster than a Roti Canai flying off the hotplate!
In recent months, the Malaysian ringgit has been on an impressive upward trajectory, opening at 4.1150 against the US dollar. This surge is largely attributed to a robust economic backdrop, combined with favorable foreign investment dynamics. According to Dr. Mohd Afzanizam Abdul Rashid, chief economist at Bank Muamalat Malaysia Bhd, the ringgit's strength could continue, especially if the current momentum persists and US interest rates take a downward turn. This positive sentiment has turned heads and made many traders raise their eyebrows in anticipation of greater gains.
Moreover, Malaysian pride is soaring as the ringgit's resurgence marks a significant moment for the nation. With foreign holdings of Malaysia Government Securities (MGS) hitting an all-time high of RM288 billion in August 2024, it's evident that the financial world is taking notice of Malaysia's growing economic clout. Local analysts are even speculating that, if the momentum keeps up, we might be seeing the ringgit strengthen to RM3.80 against the dollar by the end of the year. Who would have thought that our currency could have a comeback story worthy of a blockbuster movie?
But wait, there’s a twist! While the ringgit is dancing its way to the top, the Malaysian stock market has had a bit of a rocky start, with stocks like CIMB and Tenaga Nasional showing notable declines. It seems our beloved ringgit might just be the strong, silent type, cheerfully lazing in the spotlight while the stock market grapples with some turbulence. However, optimism still prevails, especially with announcements of economic stimulus from China shaking up trade prospects across the board.
In its quest for not just domestic stability but also an influx of foreign excitement, Malaysia has seen a whopping RM17.7 billion in foreign fund inflows all thanks to Bank Negara Malaysia's (BNM) steadfast policies. As the ringgit continues to flex its muscles abroad, a sense of confidence spreads like Nutella on toast throughout the region. So grab your kopitiam coffee and hold onto your Roti John, because it looks like the ringgit's journey is just getting started!
Ringgit extends gains, opens at 4.1150 vs US... (The Malaysian Reserve)
Bank Muamalat Malaysia Bhd chief economist, Dr Mohd Afzanizam Abdul Rashid, said the ringgit is expected to remain positive, though some traders may take the ...
MGS foreign holding all-time high, Ringgit among best-performing ... (The Malaysian Reserve)
THE foreign holding of the Malaysia Government Securities (MGS) rose to an all-time high of RM288 billion in August 2024 while the Ringgit was among ...
Malaysian pride soars with the ringgit (The Star Online)
IT has been a while since Malaysians began to feel some pride. Certainly, the strengthening of the ringgit against the dollar has made a big impact on ...
Ringgit could strengthen to RM3.80 against the US dollar by end ... (New Straits Times Online)
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said if the current momentum can be maintained and US interest rates slashed further, ...
Ringgit Strengthens To 4.1080 Against US Dollar (BusinessToday)
The performance of the Malaysian stock market remained weak, with notable declines from CIMB (CIMB, 1023, main board financial stocks) and Tenaga Nasional ...
Malaysia's ringgit rises as China boosts its economy, and more ... (Asia Property Awards)
For PropertyGuru's real estate news roundup, the ringgit rose to its highest since late December 2021 after China announced broad stimulus measures to boost ...
MYR USD: Malaysia Ringgit on Track for Best Quarter Ever (Bloomberg)
The Malaysian ringgit is set to cap its best quarter on record as China's recent stimulus measures boost the Southeast Asian country's trade outlook.
Ringgit Extends Gains Hits New High At 4.10 (BusinessToday)
At 8.04am, the ringgit was trading at 4.1150/1280 and at one point touched 4.105. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid, said ...
Strong fundamentals attract RM17.7bil in foreign fund inflows up to ... (New Straits Times Online)
KUALA LUMPUR: Investors' confidence in Bank Negara Malaysia's (BNM) stable monetary policy has contributed to a strong inflow of foreign funds, ...
Ringgit extends gains, opens at 4.1150 vs US dollar (The Star Online)
KUALA LUMPUR: The ringgit extended last week's gains, opening stronger against the US dollar on Monday, supported by ongoing positive sentiment towards the ...
Ringgit on track for best quarter ever as trade outlook... (The Malaysian Reserve)
The Malaysian ringgit is set to cap its best quarter on record as China's recent stimulus measures boost the Southeast Asian country's trade outlook.
Ringgit touches 39-month high amid US rate cut hopes (Malay Mail)
KUALA LUMPUR, Sept 30 — The Malaysian ringgit closed marginally higher on Monday but still hit a new 39-month high against the greenback on continued ...
Malaysia ringgit gains most among Asian FX, Chinese stocks soar (The Star Online)
MALAYSIA'S ringgit climbed on Monday against the dollar to hit its highest in more than three years as additional Chinese stimulus measures over the weekend ...
Ringgit gains most among Asian FX, Chinese stocks soar [BTTV] (New Straits Times Online)
LONDON: Malaysia's ringgit climbed on Monday against the dollar to hit its highest in more than three years as additional Chinese stimulus measures over the ...
Ringgit hits fresh 39-month high on expectations of another US rate cut (Free Malaysia Today)
Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid attributed the ringgit's upward resilience to the continued expectation that the US Federal Reserve ...
Malaysia's Ringgit Hits Three-Year High Amid Economic Strength (Finimize)
Foreign investments, economic growth, and political stability pushed the ringgit to outperform its Asian peers, while China's new stimulus fueled mixed ...
Ringgit hits fresh 39-month high against greenback on continued ... (The Star Online)
Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid attributed the ringgit's upward resilience to continued expectation that the US ...
Ringgit continues last week's gains, opens at RM4.115 to the dollar ... (Malay Mail)
Bank Muamalat Malaysia Bhd chief economist, Dr Mohd Afzanizam Abdul Rashid, said the ringgit is expected to remain positive, though some traders may take the ...
Ringgit now world's best-performing currency (Free Malaysia Today)
Data from Bloomberg shows the ringgit has strengthened 14.35% against the greenback over the last three months.
Ringgit marginally higher vs US dollar at opening (The Star Online)
Bank Muamalat Malaysia Bhd chief economist, Dr Mohd Afzanizam Abdul Rashid said Federal Reserve chair Jerome Powell's latest remarks indicated that the central ...
Ringgit extends gains, opens at 4.1150 vs US Dollar (The Sun Daily)
KUALA LUMPUR: The ringgit extended last week's gains, opening stronger against the US dollar on Monday, supported by ongoing positive sentiment toward...
Ringgit Steadies At 4.12 Against US Dollar (BusinessToday)
The ringgit began the day on a positive note, trading slightly higher against the US dollar in early markets, fueled by expectations of impending interest ...
Ringgit boosted by central bank policy and 'promising' structural ... (Aliran)
Economist Yun Liu of HSBC says Malaysia's economic growth is “on fire at all fronts”, and discusses the strength of the ringgit and increasing amount of ...
Ringgit's surge pressures Singapore shoppers and Malaysians ... (The Business Times)
[KUALA LUMPUR] The Malaysian ringgit's surge against the Singapore dollar – driven by the actions of the country's central bank, economic prospects and a ...
Ringgit Weakens Slightly Against US Dollar With 4.16 (BusinessToday)
Bursa Malaysia experienced fluctuations within a narrow range today. After initially falling to 1643.44 shortly after the opening, the market rebounded, ...
Ringgit, Thai baht lead falls in Asian FX on buoyant dollar (The Edge Markets MY)
The Malaysian ringgit and the Thailand baht led declines among emerging Asian currencies after the dollar rose overnight on Federal Reserve chair Jerome ...
Ringgit now world's best-performing currency (Daily Express)
PETALING JAYA: The ringgit is now the world's best-performing currency against the US dollar, says Lloyd Chan, a senior analyst with MUFG Bank.
Explore the last week
- 2024 - 11 - 15, 9 topics across 89 articles.
- 2024 - 11 - 14, 17 topics across 232 articles.
- 2024 - 11 - 13, 21 topics across 284 articles.
- 2024 - 11 - 12, 25 topics across 344 articles.
- 2024 - 11 - 11, 23 topics across 348 articles.
- 2024 - 11 - 10, 21 topics across 252 articles.
- 2024 - 11 - 09, 21 topics across 197 articles.