Ringgit hits lowest this year against US dollar, major Asian currencies

The local currency ended trading by hitting the 4.70 mark against the greenback.

Staff Writers

September 27, 2023 8:58 PM1 minute read

The ringgit opened at 4.7050/7095 against the US dollar this morning and closed at 4.7055/7105.

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The ringgit today hit the 4.70 mark against the US dollar, its lowest performance this year.

As trading drew to a close at 6pm, the ringgit stood 4.7055/7105 against the US dollar, after opening at 4.7050/7095 this morning, lower than yesterday's close of 4.6875/6915.

The ringgit also traded lower against major currencies, easing against the euro at 4.9690/9743 from yesterday's close of 4.9673/9716, against the British pound at 5.7167/7228 from yesterday's 5.7117/7166, and against the Japanese yen at 3.1534/1570 from 3.1489/1518.

It also went down against the Indonesian rupiah to 303.1/303.6 from 302.5/303.0, against the Philippine peso to 8.26/8.28 from 8.23/8.24 on Tuesday, and against the Singapore dollar to 3.4334/4373 from 3.4275/4310.

It appreciated slightly against the Thai baht to 12.8759/8949 from 12.8884/9043.