Amidst a rout in crude oil prices, the Malaysian ringgit reached a three-week low against the greenback and softened versus other regional currencies, said a dealer in a report by Agence France-Presse (AFP).
On late Monday afternoon (18 April), one US dollar was equivalent to RM3.9230/9290 compared to RM3.9000/0100 on Friday.
At the same time, the exchange rate per one Singapore dollar declined to RM2.8931/8992 from RM2.8683/8773 on 15 April. One Japanese yen was equal to RM3.6173/6242 versus RM3.5656/5757 previously.
Similarly, the ringgit depreciated against the EU’s currency with one euro being tradable for RM4.4338/4417 from RM4.3930/4046, while its conversion rate versus the British pound dipped to RM5.5648/5741 from last Friday’s RM5.5232/5381.
Meanwhile, Brent crude, which serves as a major benchmark for oil prices across the globe, fell 4.01 percent to US$41.37 (RM162.31) per barrel as talks failed among OPEC and non-OPEC oil producing countries on whether to freeze their output to address the current oversupply situation.
Mangalesri Chandrasekaran, Editor at PropertyGuru, edited this story. To contact her about this or other stories email mangales@propertyguru.com.my
