The Malaysian ringgit rose against the US dollar today, following other Asian currencies in gains. There were speculations that the Federal Reserve will slow the pace of asset-purchases reduction, and such talks helped currencies of emerging markets to gain against the greenback.
Malaysian Ringgit MYR
Central Bank: Central Bank of Malaysia
Interest Rate: 3.00%
Public Debt to GDP Ratio, 2012: 53.3%
Trade Balance, 2012: $40.8 bln.
Inflation, 2012: 1.7%
High-yielding interest rates
Fast-growing strong economy
The Malaysian ringgit is the currency of Malaysia. It was previously called “Malaysian dollar” and was introduced in 1967. The currency was pegged to the US dollar, but Malaysia ended the dollar-peg after China had made the same move.
Malaysian Ringgit News Archive
March 07th, 2014 at 9:35
January 15th, 2014 at 10:33
The Malaysian ringgit fell today together with other Asian currencies after yesterday’s report showed that US retail sales exceeded analysts’ expectations, increasing chances for additional stimulus cuts by the Federal Reserve.
November 28th, 2013 at 10:25
The Malaysian ringgit fell today as positive data from the United States added to speculations that the Federal Reserve will tamper quantitative easing. Such talks deterred traders from buying riskier currencies.
October 17th, 2013 at 16:37
The Malaysian ringgit rose today together with other currencies as the end to the US budget stalemate spurred risk appetite among Forex traders and boosted higher-yielding currencies.
September 20th, 2013 at 13:05
The Malaysian ringgit fell today, but still headed to the best weekly rally since 1998 as absence of quantitative easing tampering from the Federal Reserve spurred riskier currencies of emerging markets.
September 06th, 2013 at 10:46
The Malaysian ringgit fell today as concerns about the decline of the nation’s trade and current-account surpluses made traders reluctant to buy the currency.
September 02nd, 2013 at 13:24
The Malaysian ringgit advanced today, paring earlier decline, on hopes that the government will announce measures that will help to improve the financial health of Malaysia.
August 02nd, 2013 at 9:48
The Malaysian ringgit fell today and headed to the biggest weekly decline in more than a month as Fitch Rating cut the nation’s credit rating, driving investors away from the country’s assets.
July 31st, 2013 at 17:47
The Malaysian ringgit fell today as on concerns about capital outflows and cut of the country’s credit rating. Investors were selling the nation’s bonds as US Treasury yield was rising.
July 19th, 2013 at 13:16
The Malaysian ringgit fell today, but erased losses amid risk appetite and as data showed that inflation in the Asian nation was stable and at a high level last month.