Good News for Consumers as Ringgit hits 13-year High @ 2.9960

PETALING JAYA: Malaysians can look forward to paying less for imported goods with the ringgit strengthening to its highest level in 13 years.

Economists expect the ringgit to steadily appreciate against the US dollar with several predicting the local currency would strengthen to between 2.95 and 2.90 against the greenback in the coming months.

RAM Holdings Bhd chief economist Dr Yeah Kim Leng said the ringgit was projected to hit 2.93 against US$1.

As of the last trading day, the exchange rate stood at RM3.01 to US$1. It reached a 13-year high of 3.0290 on Feb 4.

This is the strongest level the ringgit has been at since the 1997/98 Asian financial crisis, when it was pegged to the US dollar. Dr Yeah said the strengthening of the ringgit went hand-in-hand with the weakening US dollar.

A stronger ringgit, he said, meant imported goods would be cheaper while boosting overseas purchasing power and savings on overseas education and travelling.

pagi ni dah break 3.000 level pun..cepat sungguh ~ 2.9960

KLCI Breaches 1,000-points on Rising Optimism in Global Economy

KLCI dah breach 1000 points lah hari ni...ringgit pun strengthen byk gak against usd dari 3.56 sampai la 3.52/3

cuma tak sure nya samada movement ni permanent atau correction je before dia jatuh balik to another low

sapa2 yg berani blehla start masuk market

Malaysia Ringgit Expected to Reach 3.80 Against US Dollar?

ringgit to reach 3.80 again? last time myr was pegged at this level la kan..

tak sangka kita akan sampai 3.80 balik..kalau korang baca news ke analysis ke 5,6 bulan lepas
diorang expect ringgit to strengthen against US Dollar.. sampai bawah 3 ringgit pun..

tapi hari jumaat baru ni..ringgit dah touch 3.70 pun..so anything can happen kan

harap2nya gomen really look into this..jgn asik nak berpolitik je..mcm article zubedy nih cakap kan...aku totally agree

sume politician tak kisahla dari gomen atau pembangkang should work together for the better and not for the worse