1. Home
  2. BER Research
  3. MYR

MYR - BestExchangeRates Research

Malaysian Ringgit – Market News

EM Asia Currencies Fall Following Moderately Hawkish Fed Speak

A rally in the US dollar prompted by moderately hawkish Fed speakers pushed emerging market Asian currencies such as the Thai baht, Philippine peso and Malaysian ringgit lower on Tuesday. Asian currencies from developed economies but which nonetheless remain second tier and under the “emerging” umbrella, such as the Korean won and the Taiwan dollar, also declined. Charles Evans, President of the Chicago Fed, said on Tuesday that US economic fundamentals are good and that he expects inflation to rise, although he did hint that the Fed could wait until December before raising interest rates again. View article >

Malaysian Ringgit Trapped in Range Versus Pound, Reverses from Five-Month High

Having been one of Asia’s worst performing currencies for some time, the Malaysian ringgit has turned a corner recently; a small corner, but a corner nonetheless. The ringgit is now clearly trending upwards against the US dollar, albeit on low volatility, and is up nearly 6% since lows in mid-November. One ringgit now buys more than $0.233 and MYR/USD remains close to its seven-month high, posted last week. View article >

Malaysian Ringgit’s Failure to Rally Despite Positive News Could be Important Signal for Currency’s Future Direction

In Conan Doyle’s Hound of the Baskervilles, the legendary detective Sherlock Holmes solves a crime using his knowledge of what didn’t happen. Specifically, when Holmes learns that the victim’s dog had not barked during the night of the theft of a prized racehorse, Holmes knows that the offender is likely known to the dog – an insight which leads Holmes in the right investigative direction. View article >

Korean Won Makes Its Move, Malaysia in Focus and Hong Kong Dollar Still Falling

The Korean won finally made its move yesterday away from the 1130-to-1140 range against the US dollar. The exchange rate for USD/KRW had been trapped between the two prices for much of the previous ten trading days. At the end of yesterday’s New York session – the traditional end of the FX trading day – USD/KRW stood at 1124.30. Renewed strength in the won has followed the election victory on Wednesday of Moon Jae-in, who succeeds former president Park Geun-hye as South Korea’s leader. View article >

Scotiabank: Four Conditions for Asian Currency Appreciation in 2017

On Friday, Scotiabank – otherwise known as the Bank of Nova Scotia – outlined four factors that would drive Asian currencies higher in 2017. Investors would “pour funds” into Asian markets on the following grounds:   1)   If the Bank of Japan and European Central Bank continue with their stimulus programs, providing “accommodative” levels of liquidity to the economy. With three consecutive months of positive core inflation in Japan, it is unlikely that the BoJ will be ending stimulus any time soon. View article >

Malaysian Ringgit Outlook: Has It Turned a Corner?

The Malaysian ringgit has been one of Asia’s worst performing currencies for some time. Between May-2013 and September-2015 the exchange rate for MYR/USD declined from highs at 0.338 to 0.223 – a 34% fall in the currency’s value. Markets gave the ringgit some respite between October-15 and April-16, a period in which the ringgit clawed back around half of the aforementioned losses, but then selling against the US dollar began again, which accelerated following the result of November’s US election. View article >

Australian Dollar – Fri Nov 18: AUD Up vs JPY and Down vs USD, GBP, EUR, CNY & SGD.

Categories: AUD, INR, JPY, Markets, MYR, PHP, SGD
AUD 1 Week Charts
Lacklustre Australian employment data allowed the Pound to advance against the Australian Dollar (AUD) on Thursday as the labour reports only showed a disappointing rise of 9,800 jobs after they were expected to rise to 16,000. The ‘Aussie’ was also pressured by the cooling of iron ore, as prices continued to slide from a two-high. The Australian Dollar is today down -1% against the United States Dollar, down -0.82% against the British Pound Sterling, down -0.2% against the Euro, even against the New Zealand Dollar, down -1.11% against the Chinese Yuan, up 0.44% against the Japanese Yen and down -0.47% against the Singapore Dollar Read on for the 1-week and 3-month AUD cross rates, charts and trends. View article >

Australian Dollar – Thu Nov 17: AUD Down vs USD, GBP, EUR, NZD, CNY, JPY & SGD.

Categories: AUD, INR, JPY, Markets, MYR, PHP, SGD
AUD 1 Week Charts
The Australian Dollar exchange rate was under pressure today as a continued decline in iron ore prices weighed on the ‘Aussie’. The drop in prices prevented the commodity-correlated Australian Dollar from gaining following better than anticipated unemployment data as it beat predictions that it would rise to 5.7% and held at 5.6% in October. The AUD is today down -0.65% against the United States Dollar, down -0.56% against the British Pound Sterling, down -0.33% against the Euro, down -0.46% against the New Zealand Dollar, down -0.29% against the Chinese Yuan, down -0.88% against the Japanese Yen and down -0.68% against the Singapore Dollar Read on for the 1-week and 3-month AUD cross rates, charts and trends. View article >

Australian Dollar – Wed Nov 16: AUD Up vs GBP, EUR, NZD & JPY and Down vs USD, CNY & SGD.

Categories: AUD, INR, JPY, Markets, MYR, PHP, SGD
AUD 1 Week Charts
The commodity-correlated ‘Aussie’ was weakened by a sudden drop in iron ore prices as they nose-dived almost 9% after reaching a two-year high. The AUD is today down -0.21% against the United States Dollar, up 0.25% against the British Pound Sterling, up 0.2% against the Euro, up 0.14% against the New Zealand Dollar, even against the Chinese Yuan, up 0.81% against the Japanese Yen and down -0.24% against the Singapore Dollar Read on for the 1-week and 3-month AUD cross rates, charts and trends. View article >

Australian Dollar – Tue Nov 15: AUD Up vs USD, GBP, EUR, NZD, CNY, JPY & SGD.

Categories: AUD, INR, JPY, Markets, MYR, PHP, SGD
AUD 1 Week Charts
The November meeting minutes of the Reserve Bank of Australia (RBA) proved to be rather hawkish in tone, underscoring the impression that policymakers will not opt to cut interest rates again in the near future. However, the central bank did highlight some concerns over the strength of the domestic labour market. With market sentiment still decidedly volatile this was not enough to shore up the ‘Aussie’, despite the weekly consumer confidence index also showing an uptick. View article >
Next Page

BER logo BestExchangeRates - We make it Easy to Compare Exchange Rates & Fees of Banks and Currency Exchange & Payment Providers


Postal Address: Level 2/50 Bridge St, Sydney NSW 2000.

Disclaimer | Copyright | Privacy Statement


DISCLAIMER

BestExchangeRates.com is an information only service. By browsing on the website, using our comparison tools or FX provider referral service, you are asking BestExchangeRates to provide you with information about currency exchange products & services from multiple financial institutions.

We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product.

If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with BestExchangeRates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details.

BestExchangeRates may receive fees or other benefits in relation to activity on the BestExchangeRates website. BestExchangeRates may receive remuneration for vendor referral links. Please note that the opinions of our authors are their own and do not reflect the opinion of BestExchangeRates and should not be taken as a reference to buy or sell any financial product.

Read our Full Terms of Service



COPYRIGHT

This website and its contents are the copyright of BEST EXCHANGE RATES PTY LTD © 2009-17. All rights reserved.

Any redistribution or reproduction of part or all of the contents in any form is prohibited other than the following. You may print or download contents to a local hard disk for your personal and non-commercial use only. You may copy some extracts only to individual third parties for their personal use, but only if you acknowledge the website as the source of the material.

You may not, except with our express written permission, distribute or commercially exploit the content. You may not transmit it or store it on any other website or other form of electronic retrieval system.

For more details or request distribution right please contacxt us here.