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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 | -0.17% | 4.707 | 4.7045 | 4.7095 | 4.707 | 4.7015 | 4.7075 | 0 | 10:30:55 |
From May 2019 to May 2024
The Malaysian ringgit weakened against the U.S. dollar in the late Asian session on Tuesday, after the nation cut its annual growth forecasts amid a plunge in oil prices.
In the budget revision today, Prime Minister Najib Razak slashed the economic growth forecast for this year to between 4.5 and 5.5 percent, down from an earlier target of 5-6 percent. While the budget deficit is expected to be equal to 3.2 percent of gross domestic product, which is bigger than the 3 percent estimated initially but below the previous year's 3.5 percent.
Against the greenback, the ringgit fell to a 6-year low of 3.6164 from an early high of 3.5679. At yesterday's close, the ringgit was trading at 3.5715 against the greenback.
If the ringgit extends its downtrend, it is likely to find support around the 3.75 area.
1 Year US Dollar vs MYR Chart |
1 Month US Dollar vs MYR Chart |
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