Ringgit Hits Fresh 10 Year High

PETALING JAYA: The ringgit yesterday hit 3.2560 against the US dollar in the morning trade, a fresh 10-year high since November 1997, on the back of the bullish equity market. According to economists, strong gains on the local stock market helped the local currency to rise further. The Kuala Lumpur Composite Index (KLCI), which breached the 1,500-point level, closed at 1,516.22, up 24.56 points, yesterday.

(12-01-2008 The Star)

Ringgit at 10 year high against US Dollar

The ringgit advanced to its highest level against the US dollar in more than a decade yesterday following increased demand for the local currency and in line with the bullish market sentiment.

(5-1-2008 The Star)

Ringgit hits 10-year high against dollar

THE ringgit touched a 10-year high today, hitting 3.2885/2915 against the US dollar since late 1997, taking advantage of the weaker dollar in the global markets, dealers said. The rising crude oil prices and gold price had also provided an impetus to the ringgit, a dealer said.

(4-1-2008 New Straits Times)