MYR/USD - Live Converters & Chart

Malaysian Ringgit (MYR) outlook

The period between April and November 2018 was a tough one for the ringgit, as it lost value against the dollar on a near-weekly basis. Fortunately, losses in that period only amounted to 8 percent and only took the currency to a 1-year low of RM4.2 — it could have been much worse.

Since then, the ringgit has turned a corner; in late February it was trading at RM4.06, near 6-month highs.

Read the full article Malaysian Ringgit Forecasts.

United States Dollar (USD) outlook

The US dollar has benefitted this year despite some quite serious escalations in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. By mid-May, the Dollar Index was nearly 2 percent higher year-to-date; it was only 0.5 percent away from making a 2-year high.

The greenback’s 2019 strength has come in spite of a dovish turn by the Federal Reserve, which said in March it expects no interest rate increase this year. Fortunately for dollar holders, the rest of the world has problems and many other central banks have also turned dovish, removing some of the policy-based incentives for selling USD.

In May, HSBC warned against thinking that the dollar has got too high. The bank highlighted the “desolation and destruction” (an exaggeration) facing other economies and currencies. “You can never get too high,” the bank’s chief analyst said. “What would you want to buy out there if not dollars?”

Read the full article United States Dollar Forecasts.

The MYR/USD mid-rate is the rate you will see quoted online or the news, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the MYR / USD was traded (bought or sold) in the international markets.