Ringgit weakens to record RM3.45 against Singapore dollar, but could rebound soon
[KUALA LUMPUR] The Malaysian ringgit – one of the worst-performing currencies in Asia this year – continued its slide as it hit an all-time low of RM3.45 against the Singapore dollar on Thursday (Jun 15).
This marked a nearly 8.5 per cent depreciation from a year ago, and a 4.2 per cent dip since the start of the year.
Against the greenback, the ringgit touched RM4.6362 on Thursday – a 4.7 per cent decline from 12 months ago, and 4.5 per cent weaker than the rate on Jan 1 this year.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Asean
Malaysia’s March industrial production up 2.4%, lower than forecast
No surprise as Malaysia’s central bank holds key interest rate at 3%
Vietnam’s banks face borrowing cost rise as deposits dip
Malaysia’s stock market capitalisation hits record high of RM2 trillion
Asean can enhance clean-energy trade, align climate reporting standards: Grace Fu
Made-in-Indonesia rule threatens Jokowi’s move up value chain