RM4.40 to US$1 biggest drop since March 2020


Although the ringgit traded lower against the greenback today, it traded mostly higher against other major currencies. – The Malaysian Insight file pic, May 19, 2022.

THE ringgit slid further to open lower at RM4.40 against the US dollar, the lowest since March 2020, following a hawkish stance by the US Federal Reserve (Fed) to tighten its monetary policy.

The local note stood at 4.4050/4080 versus the greenback at 9.19am today, from 4.3960/3975 at the close yesterday.


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Comments


  • The ringgit has also strengthened considerably against the Swiss Franc. Its not all bad news

    Posted 1 year ago by Malaysia New hope