The Malaysian ringgit fell today as speculations about an end to US Federal Reserve’s quantitative easing continued to eat away risk appetite, spooking investors from riskier currencies.
Malaysian Ringgit MYR
Central Bank: Central Bank of Malaysia
Interest Rate: 3.00%
Public Debt to GDP Ratio, 2011: 53.2%
Trade Balance, 2011: $48.5 bln.
Inflation, 2011: 3.2%
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
May 29th, 2013 at 10:33
May 17th, 2013 at 8:36
The Malaysian ringgit weakened today, heading to a weekly decline that will end the eight-week streak of gains, as country’s economic growth slowed last quarter.
May 06th, 2013 at 11:16
The Malaysian ringgit advanced today, posting the biggest gain since 2010, after the elections resulted in the government party securing a clear majority in the parliament. It should allow Prime Minister Najib Razak to continue with his reforms unhindered.
April 05th, 2013 at 12:23
The Malaysian ringgit gained today as Prime Minister Najib Razak dissolved the parliament and announced the national elections. Investors think that outflows from the country will reverse after the vote.
February 22nd, 2013 at 15:59
The Malaysian ringgit rose somewhat today, but was still heading to weekly loss as the risk aversion sentiment on the market deterred Forex traders from buying risky currencies.
January 25th, 2013 at 8:59
The Malaysian ringgit fell along with other Asian currencies today amid worries that the intervention of Japan to weaken the yen will intensify the ”currency war” as other nations may also attempt to push their currencies down.
January 18th, 2013 at 10:23
The Malaysian ringgit strengthened today as investors felt optimistic about the global economy amid signs that growth is picking up and the worse has already passed. Other Asian currency also gained.
December 31st, 2012 at 12:52
The Malaysian ringgit climbed today as negotiations continued in the United States about ways to avoid the fiscal cliff and that gives hopes for investors that a crisis can be avoided. Such hopes lifted the traders’ mood.
December 24th, 2012 at 10:35
The Malaysian ringgit fell today as fears of the fiscal cliff in the United States and its impact on the US and global economies deterred investors from buying riskier assets.
December 07th, 2012 at 9:57
The Malaysian ringgit fell today, following other Asian currencies in losses, as fears of recession in the United States and the European Union deterred investors from buying riskier assets of emerging economies.