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Monday, 17 July 2017 | MYT 10:11 AM

Ringgit higher against US$ Monday

KUALA LUMPUR: The ringgit recovered to open higher against the US dollar Monday morning on the back of the greenback's weakness.

At 9 am(0100gmt), the local unit stood at 4.2860/2900 against the greenback from Friday's close of 4.2910/2940.

A dealer said the ringgit was currently 1.8 per cent below its 200-period moving average and was on an uptrend.

“Volatility is extremely low when compared with the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near-future,” he said.

The ringgit, however, was traded lower against other major currencies.

It declined against the Singapore dollar to 3.1289/1337 from 3.1210/1243 on Friday and eased against the yen to 3.8064/8110 from 3.7886/7926.

The ringgit weakened against the pound to 5.6138/6195 from 5.5624/5667 and depreciated against the euro to 4.9126/9189 from 4.8977/9016 on Friday. - Bernama

 

The following table shows rates for Asian currencies against the dollar at 0151 GMT(0951 Malaysian time) Monday July 17.

  CURRENCIES VS U.S. DOLLAR

  Change on the day at 0151 GMT

  Currency                  Latest bid   Previous day  Pct Move

  Japan yen                112.550              112.5     -0.04

  Sing dlr                 1.370               1.3711     +0.06

  Taiwan dlr               30.357              30.417     +0.20

  Korean won               1127.300            1133.3     +0.53

  Baht                     33.720               33.85     +0.39

  Peso                     50.620               50.65     +0.06

  Rupiah                   13312.000            13337     +0.19

  Rupee                    64.445               64.45     +0.00

  Ringgit                  4.286                4.291     +0.12

  Yuan                     6.766               6.7741     +0.13

  Change so far in 2017

  Currency                 Latest bid   End 2016       Pct Move

  Japan yen                112.550             117.07     +4.02

  Sing dlr                 1.370               1.4490     +5.74

  Taiwan dlr               30.357              32.279     +6.33

  Korean won               1127.300           1207.70     +7.13

  Baht                     33.720               35.80     +6.17

  Peso                     50.620               49.72     -1.78

  Rupiah                   13312.000            13470     +1.19

  Rupee                    64.445               67.92     +5.39

  Ringgit                  4.286               4.4845     +4.63

  Yuan                     6.766               6.9467     +2.68

 - Reuters