Future Trend Of Malaysian Ringgit
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The future of the malaysian ringgit.
Future trend of malaysian ringgit. Historically the malaysian ringgit reached an all time high of 4 88 in january of 1998. Last may a 128 gigabyte apple iphone 6s plus in malaysia cost rm3 699. The ringgit is currently trading at us 4 14 against the greenback. The malaysian ringgit is up around 2 5 against the us dollar for 2020 in august and is gaining favour from bank commentators such as hsbc due to the attraction of the carry trade the ability to earn higher interest when holding myr versus other major currencies.
With the phone selling in singapore for s 1 218 they could save. Last may a 128 gigabyte apple iphone 6s plus in malaysia cost rm3 699. Malaysian ringgit wednesday october 28 2020 17 30 est dst 2020 10 28 21 30 utc volatility 95 prediction interval currency. At today s exchange rate of rm3 16 though singaporeans can get the same phone for s 1 170 in malaysia.
It has revised its year end 2019 ringgit target to rm4 10 against the us dollar a 2 decrease from its earlier projection of rm4 00. At the exchange rate of sgd1 rm2 85 then that would have been around s 1 298 about the same as the retail price in singapore.
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