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Ringgit Opens Higher Against US Dollar Early Monday

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KUALA LUMPUR: The ringgit rebounded from last Friday’s weaker close to open higher against the US dollar early Monday, lifted by stronger oil prices, dealers said.

At 9am, the ringgit was traded at 4.1545/1605 from 4.1650/1750 on last Friday.

A dealer said sentiment in the global foreign exchange and equity markets was positive after the United Arab Emirates raised hopes of a coordinated oil production cut, sending prices to a better level, with a 12 per cent jump seen last Friday.

The ringgit also traded higher against other major currencies.

It rose against the Singapore dollar to 2.9722/9780 from the 2.9831/9918 registered on Friday, and strengthened versus the yen to 3.6642/6711 from 3.6979/6081.

The local unit appreciated vis-a-vis the Euro to 4.6676/6747 from 4.6973/6102 and expanded against the British pound to 6.0282/0373 from 6.0422/0583.

EXCHANGE RATES ISSUED BY MALAYAN BANKING BHD: FEB 15:

SELLING BUYING BUYING

TT/OD TT OD

1 US Dollar 4.2160 4.0940 4.0840
1 Australian Dollar 3.0070 2.9080 2.8920
1 Brunei Dollar 3.0240 2.9230 2.9150
1 Canadian Dollar 3.0500 2.9560 2.9440
1 Euro 4.7410 4.5930 4.5730
1 New Zealand Dollar 2.8130 2.6990 2.6830
1 Papua N Guinea Kina 1.4540 1.2520 1.2360
1 Singapore Dollar 3.0235 2.9230 2.9150
1 Sterling Pound 6.1090 5.9480 5.9280
1 Swiss Franc 4.3100 4.1890 4.1740
100 UAE Dirham 116.3700 109.9000 109.7000
100 Bangladesh Taka 5.4520 5.1320 4.9320
100 Chinese Renminbi 65.0000 61.6000 0.0000
100 Danish Krone 65.2700 59.8000 59.6000
100 Hongkong Dollar 54.8900 51.8300 51.6300
100 Indian Rupee 6.3060 5.8900 5.6900
100 Indonesian Rupiah 0.0325 0.0291 0.0241
100 Japanese Yen 3.7270 3.597 3.5870
100 New Taiwan Dollar 13.6000 NA 0.0000
100 Norwegian Krone 50.5500 46.2400 46.0400
100 Pakistan Rupee 4.1200 3.8400 3.6400
100 Philippine Peso 9.0100 8.4500 8.2500
100 Qatar Riyal 116.9700 111.2600 111.0600
100 Saudi Riyal 113.6700 107.9000 107.7000
100 South Africa Rand 27.3500 25.1500 24.9500
100 Sri Lanka Rupee 3.0200 2.7400 2.5400
100 Swedish Krona 51.7700 46.9400 46.7400
100 Thai Baht 12.6600 10.7100 10.3100

— BERNAMA

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