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Name Symbol Market Type
United States Dollar vs Malaysian Ringgit FX:USDMYR Forex Exchange Rate
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.008 -0.19% 4.2625 4.26 4.265 4.2655 4.262 4.2655 0 14:33:56

Malaysian Ringgit Drops To 3-day Low Against U.S. Dollar

03/01/2020 2:34am

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US Dollar vs MYR (FX:USDMYR)
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The Malaysian ringgit declined against the U.S. dollar in Asian deals on Friday, as a data showed that the nation's exports fell unexpectedly in November and imports dropped at a slower-than-expected rate.

Data from the Department of Statistics showed that the trade surplus came in at MYR 6.5 billion in November, which was below economists' expectations of MYR 11.0 billion.

Exports declined 5.5 percent year-on-year, imports fell 3.6 percent.

The Malaysian ringgit fell to a 3-day low of 4.1010 against the greenback from yesterday's closing value of 4.0850. The ringgit may test support around the 4.2 level, if it drops further.

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1 Year US Dollar vs MYR Chart

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1 Month US Dollar vs MYR Chart
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