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