Search results
Results from the WOW.Com Content Network
In modern usage, ringgit is used almost solely for the currency. Due to the common heritage of the three modern currencies, the Singapore dollar and the Brunei dollar are also called ringgit in Malay (currencies such as the US and Australian dollars are translated as dolar), although nowadays the Singapore dollar is more commonly called dolar ...
KUALA LUMPUR (Reuters) -Google Malaysia on Monday apologised for misquoting the ringgit's exchange rate, after the country's central bank called out its error, saying the tech giant had ...
The only legal tender in Malaysia is the Malaysian ringgit. As of September 2024, the ringgit traded at MYR 4.12 to the US dollar. [77] This was a significant change from the rate of MYR 4.80 to the dollar recorded in February 2024, an appreciation of 16.5%. The ringgit is not internationalised. [78]
The COVID-19 pandemic in Malaysia has had a significant impact on the Malaysian economy, leading to the devaluation of the Malaysian ringgit (MYR) and the decline in the country's gross domestic product. The pandemic also adversely affected several key sectors including entertainment, markets, retail, hospitality, and tourism.
A sparse set of mild annual gains included a 2% rise for Malaysia's ringgit. Among the top performers South Africa's rand, the Hong Kong dollar, and Israel's shekel hovered near unchanged for the ...
The Dow Jones Industrial Average (INDEX: ^DJI) is having another interesting day today, as negative U.S. economic reports are seemingly having the opposite effect than most would expect -- they're ...
The interest rate of the OPR is influenced by the central bank, where it is a good predictor for the movement of short-term interest rates. In 2014, Malaysia's central bank raised its key interest rate for the first time in more than three years, to help temper inflation and rising consumer debt. [2]
Andrea Riquier, USA TODAY. Updated January 2, 2025 at 2:16 PM. Markets seesawed on the first trading day of 2025 as investors grappled with big questions ahead of a change of power in Washington.