The Malaysian ringgit rose today as investment environment looked good for currencies of emerging markets amid growth of the US economy and hopes for Europe.
Malaysian Ringgit MYR
Detailed information and fundamental factors
Central Bank: Central Bank of Malaysia
Interest Rate: 3.00%
Public Debt to GDP Ratio, 2010: 53.1%
Trade Balance, 2010: $44.4 bln.
Inflation, 2010: 1.7%
Supporting Factors
High-yielding interest rates
weak
Fast-growing strong economy
Malaysian Ringgit News Archive
Malaysian Ringgit Goes Higher Ahead of European Debt Auctions
January 19th, 2012 at 10:43
Malaysian Ringgit
Europe Lifts Ringgit
January 10th, 2012 at 14:45
Malaysian Ringgit
The Malaysian ringgit gained today as risk appetite, spurred by positive sentiment about Europe, outweighed the negative economic report from Malaysia itself.
Ringgit Advances as US Housing Improves
December 21st, 2011 at 12:31
Malaysian Ringgit
The Malaysian ringgit rose today together with other Asian currencies after the report yesterday showed that the US housing sector improved. The positive data improved prospects for the Asian exports.
Ringgit Remains Lower Even as Risk Aversion Eases
November 17th, 2011 at 19:25
Malaysian Ringgit
The Malaysian ringgit remains down on today’s trading session even as good news from Europe eased risk aversion sentiment among Forex traders.
Malaysia’s Ringgit Goes Down as Tension Grows
November 02nd, 2011 at 17:51
Malaysian Ringgit
The Malaysian ringgit went lower today as traders fear the Greek referendum may destabilize already “unpleasant” situation in Europe and that fears eat away their willingness to buy riskier currencies of emerging markets.
Ringgit Gains as Fed Stimulus Can Boost Exports
October 05th, 2011 at 11:37
Malaysian Ringgit
The Asian currencies, led by the Malaysian ringgit, gained today on the speculation that the Federal Reserve will boost stimulus to the US economy, improving prospect for Asia’s exports.
Ringgit Falls as Europe Damages Growth Prospects for Asia
September 20th, 2011 at 16:27
Malaysian Ringgit
The Malaysian ringgit fell today as concerns about the troubles in Europe hurt the outlook for the economic growth in Asia and reduced appeal of the emerging market currencies.
Europe Weakens Asian Currencies, Malaysian Ringgit Down
September 06th, 2011 at 13:07
Malaysian Ringgit
The Malaysian ringgit fell today, together with other Asian currencies, as concerns about Europe’s problems intensified after Germany’s ruling party lost vote, reducing prospects for Asian exports.
Malaysian Ringgit Gains on US Housing & Global Stocks
July 20th, 2011 at 11:29
Malaysian Ringgit
The Malaysian ringgit strengthened today as the improving US hosing market and the advance of global equities increased attractiveness of higher-yielding currencies.
Malaysian Ringgit Slides as World Economy Slows
July 11th, 2011 at 14:38
Malaysian Ringgit
The Asian currencies, including the Malaysian ringgit, weakened today as concerns for the global economic growth caused investors to shun risk and decreased appeal of the region’s assets.
