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Ringgit stays strong, up 5.03pc against US dollar as at Nov 4 amid market shifts, says finance minister II

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Ringgit Vs Usd News

Ringgit,Amir Hamzah Azizan,Finance Ministry

KUALA LUMPUR, Nov 5 — The ringgit’s value is still strong amid recent market developments and adjustments, with the local note rising by 5.03 per cent against the US dollar as...

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Finance Minister II Datuk Seri Amir Hamzah Azizan said that at the same time, the ringgit has strengthened against regional currencies — by 13.3 per cent against the yen, 12.2 per cent against the won, 7.5 per cent against the rupiah, and 3.7 per cent against the baht. “Global factors such as geopolitical unrest in the Middle East and elections in the US have also contributed to the volatility of the global financial market, including the ringgit and emerging market currencies,” he said during the question-and-answer session at the Dewan Rakyat today.

In addition to external developments, Amir Hamzah said the Malaysian economy is also developing well, having grown by an average of 5.1 per cent as at the third quarter of 2024 .

 

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