Performance of Ringgit

Indicator

-  % depreciated, meaning need more RM to buy

+ % appreciated, meaning used less RM to buy

The ringgit depreciated against the U.S. dollar
From 1 January to 24 February 2009, the ringgit depreciated by 5.6% against the U.S. dollar. In January, the U.S. dollar broadly strengthened against regional currencies as protracted uncertainties in the international financial markets and the deepening global recession led to the further deleveraging activities by U.S. and global financial institutions. Against other major currencies, the ringgit appreciated against the euro (4.5%), but depreciated against the pound sterling (-6.4%) and the Japanese yen (-0.7%). Against regional currencies, the ringgit depreciated against the Chinese renminbi (-5.4%), the Philippine peso (-4.3%) and the Thai baht (-3.1%) but appreciated against other regional currencies in the range of 0.4% to 13.2%.

(Extracted from :

Monetary and Financial Developments January 2009
Highlights of the Press Release by BNM)