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Topic: Ringgit

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	Calculator for Malaysian Ringgit (MYR) Currency Exchange Rate Conversion
		Enter the amount to be converted in the box to the left of the currency and press the "convert" button.
		To show Malaysian Ringgit and just one other currency click on any other currency.
		The Malaysian Ringgit is divided into 100 sen. The exchange rate for the Malaysian Ringgit was last updated on ?
	coinmill.com /MYR_calculator.html (384 words)

	NationMaster - Encyclopedia: Ringgit
		Ringgit (Malay for "jagged") mostly refers to the Malaysian ringgit, which is the local currency in Malaysia, but it can also refer to the Singapore dollar and Brunei dollar in the Malay language.
		The word ringgit was originally used to refer to the serrated edges of Spanish silver dollars widely circulated in the area before the introduction of their own currency.
		He said the ringgit was still significantly undervalued and markets would push the currency to 3.50-3.60 per dollar in the weeks ahead.
	www.nationmaster.com /encyclopedia/Ringgit (315 words)

	Alexander's Gas & Oil Connections - Experts see steady ringgit in coming months
		26, 1998 The Malaysian ringgit is expected to hold around current levels in the next 3 months amid improving investor confidence in the currency, according to a group of exchange dealers.
		Economists and dealers said the ringgit would be supported by Malaysia's package of measures to strengthen its economy and financial sector.
		Economists and dealers said the ringgit has a greater upside potential as it was still undervalued.
	www.gasandoil.com /goc/news/nts81900.htm (452 words)

	Ringgit's rise is to be celebrated, not mourned - Worldnews.com (Site not responding. Last check: 2007-10-01)
		Whatever the reason for the ringgit’s move upwards against the greenback, cheers and groans can be heard in many cross sections of business and society.
		Malaysia's ringgit Monday reached its highest level against the US dollar in nine years on speculation a rally in the nation's stocks will boost demand for the currency.
		The ringgit extended a four-week rally as the benchmark equity index rose for a...
	article.wn.com /view/2007/04/28/Ringgits_rise_is_to_be_celebrated_not_mourned (517 words)

	Asia Times Online :: Southeast Asia news and business from Indonesia, Philippines, Thailand, Malaysia and Vietnam
		Zeti said the ringgit was not likely to deviate too much from its peg of 3.80 to the greenback.
		The ringgit rose half a percent against the dollar when the market opened on Friday, the first day of trading under the new managed float system.
		He said the ringgit was still significantly undervalued and markets would push the currency to 3.50-3.60 per dollar in the weeks ahead.
	www.atimes.com /atimes/Southeast_Asia/GG23Ae03.html (883 words)

	Time to re-evaluate ringgit peg to greenback - Business - www.theage.com.au
		The ringgit has been tied to the US dollar since 1998 when, during the Asian financial crisis, then Malaysian prime minister Mahathir Mohamad ended the currency's free float and fixed its value at 3.8 to the dollar.
		But he is most identified with the fixing of the ringgit, and so his comments have made political room for a change in policy.
		That many feel the ringgit is undervalued and is likely to be revalued soon is one factor that has driven Malaysia's stockmarket to its highest level in four years.
	www.theage.com.au /news/Business/Time-to-reevaluate-ringgit-peg-to-greenback/2005/01/27/1106415732851.html (920 words)

	Asia Times - News and analysis from throughout Southeast Asia
		As the ringgit is pegged to the US dollar, the weakening of the US dollar against other major currencies has led to the ringgit trending downward against most major currencies in nominal terms, raising concerns that it is undervalued and therefore needs to be revalued.
		The report said the ringgit fell by 33.7%, 20.8% and 8.5% against the euro, yen and Singapore dollar over the last two years and predicted that local authorities would abandon the peg to contain inflationary pressures.
		The ringgit, meanwhile, appreciated by 17.1% against the Indonesian rupiah and 29.5% against the Philippine peso.
	www.atimes.com /atimes/Southeast_Asia/FL07Ae06.html (1062 words)

	Bloomberg.com: Worldwide
		The ringgit completed a second winning week in the five days through July 7 as reports showed exports and industrial production rose in May at the fastest pace in three months.
		The ringgit July 5 weakened in line with other Asian currencies as North Korea fired seven rockets, including a long-range Taepodong 2 missile that vanished after 40 seconds, increasing the security risk in the region.
		The recommendation for the Malaysian ringgit was the most bullish of those surveyed by Bloomberg for seven Asian regional currencies, the South Korean won, Thai baht, Singapore dollar, Indonesia rupiah, Taiwan dollar and Philippine peso.
	quote.bloomberg.com /apps/news?pid=20601087&sid=algXoahBvMxg&refer= (753 words)

	BizNews DataBank : In new business climate, ringgit to shine
		The ringgit currency is gaining an edge over its Asian peers early this year as the Malaysian government steps up efforts to woo foreign investors.
		On Jan 16, the ringgit hit a nine-year peak near 3.5 per dollar, benefiting from a perception that Malaysia was taking action to lure in foreign cash.
		Last year, the pace of ringgit appreciation picked up as the central bank loosened its grip on the currency and the authorities are expected to continue with a flexible approach.
	www.biznewsdb.com /english/newspage/newspage.asp?ID=70116103&file1=7&bulan=01&kw=wwqq (870 words)

	Associated Press Business News: Ringgit Hits 8-Year High Against Dollar - MSN Money
		It was the strongest exchange rate since the ringgit traded at 3.5407 to the dollar in April 1998 before Malaysia imposed capital controls and pegged the ringgit at 3.80 to the dollar.
		The dollar has fallen 2.2 percent against the ringgit in the past week and is 5.8 percent weaker this year.
		The ringgit has been considered overvalued for some time, and its current rise has so far not prompted Malaysia's central bank to intervene to reduce its rise.
	news.moneycentral.msn.com /provider/providerarticle.aspx?feed=AP&Date=20061205&ID=6247897 (250 words)

	Channelnewsasia.com
		International Trade and Industry Minister Rafidah Aziz said the ringgit's appreciation was expected to have a minimal impact on importers and exporters.
		Malaysian exports in 2005 continued to be robust, growing 11 percent to 533.8 billion ringgit.
		MITI said the highest monthly total trade for 2005 was recorded in December, valued at 89.6 billion ringgit when exports rose 13.9 percent to 49.5 billion and imports rose by 15.1 percent to 40.1 billion ringgit.
	www.channelnewsasia.com /stories/afp_asiapacific_business/print/193120/1/.html (428 words)

	RATE-EXCHANGE.org - Malaysia Currency / Malaysian Ringgit
		The ringgit is the national currency of the Federation of Malaysia, an alliance of former British colonies in Southeast Asia.
		Malaysians sometimes refer to the ringgit as the “dollar,” which is the old name for the country’s currency.
		The ringgit is divided into 100 sen. Denominations for coins are 1 sen, 5 sen, 10 sen, 20 sen, 50 sen and RM1.
	rate-exchange.org /currency/malaysian-ringgit.cfm (314 words)

	ECONOMIC REVIEW- Re-peg the Ringgit?
		The ringgit was pegged against the US dollar in September 1998 in response to the ringgit’s volatility and gross misalignment due to market failures.
		The main objective of the ringgit peg is to ensure exchange rate stability and insulate the economy from continued instability in the foreign exchange markets.
		The suggestions for ringgit re-pegging also rose from the perceived misalignment of the ringgit from some of the regional currencies such as the Thai baht, the South Korean won, and the Singapore dollar.
	ww2.publicbank.com.my /cnt_review21.htm (1126 words)

	THE RINGGIT CRISIS: The Real Culprit At Last?
		Namely, by restricting the ringgit's movements to a predetermined target zone, the necessary adjustments needed to maintain the economy in an equilibrium state vis-à-vis the rest of the world were hampered.
		The ringgit could have been defended if the Government was adamant about doing so no matter what the costs were.
		Since this article has portrayed the causes of the ringgit crisis to be largely the result of fixed exchange rates, or at least the improper execution thereof, a natural lesson would be for the ringgit to freely float.
	members.tripod.com /~econforum/crisis/2.html (2114 words)

	Fair Value of the Ringgit - Asia Finest Discussion Forum (Site not responding. Last check: 2007-10-01)
		Bank Negara Malaysia announces today that the exchange rate of the ringgit with immediate effect will be allowed to operate in a managed float, with its value being determined by economic fundamentals.
		This announcement represents a change in the system by which the value of the ringgit is determined.
		Given that the current valuation of the ringgit is consistent with our fundamentals and after taking into consideration developments in our trading partner countries, the exchange rate after shifting to this new system is not expected to deviate significantly from the current prevailing level.
	www.asiafinest.com /forum/index.php?showtopic=16787 (829 words)

	Letter from... Malaysia (Site not responding. Last check: 2007-10-01)
		Their incentive is the Malaysian ringgit, which has been fixed at RM3.80 to the US dollar since 1998 in the aftermath of the Asian currency crisis, and is widely perceived as undervalued today.
		Pundits believe that US dollar weakness is the key that may unlock the peg sometime in 2005, probably in the second half of the year, and that the peg may be replaced with a more flexible 'managed float system' that allows for government intervention to keep the currency at desired levels.
		A stronger ringgit would reduce import bills, improve the Government's fiscal position by slashing the debt burden, which is about 70% US dollar denominated, and keep a lid on inflation.
	www.accaglobal.com /members/publications/accounting_business/archive_by_topic/countries/2005/2341797 (605 words)

	RATE-EXCHANGE.org - Malaysia Currency / Malaysian Ringgit
		The ringgit is the national currency of the Federation of Malaysia, an alliance of former British colonies in Southeast Asia.
		Malaysians sometimes refer to the ringgit as the “dollar,” which is the old name for the country’s currency.
		The ringgit is divided into 100 sen. Denominations for coins are 1 sen, 5 sen, 10 sen, 20 sen, 50 sen and RM1.
	www.converter-currency.com /currency/malaysian-ringgit.cfm (314 words)

	Malaysian ringgit - Definition, explanation
		The Malaysian ringgit, unofficially also known as the Malaysian dollar, divided into 100 sen, is the monetary unit of Malaysia (currency code MYR).
		The Malay names ringgit and sen were officially adopted as the sole official names in August 1975.
		Since the Asian financial crisis of 1997, the ringgit has been pegged to the United States dollar at the fixed rate of RM3.80 to the dollar, although due to the recent fall in the value of the dollar there has been speculation of a repegging or perhaps a complete removal of the peg in 2005.
	www.calsky.com /lexikon/en/txt/m/ma/malaysian_ringgit.php (637 words)

	FOREX: Ringgit Eases Against US Dollar At Opening :: Bernama.com (Site not responding. Last check: 2007-10-01)
		KUALA LUMPUR, Sept 25 (Bernama) -- The ringgit eased in the opening session Monday against the U.S dollar but was higher against most major currencies as buying of the local currency is likely to come in later in the day from local and foreign banks, dealers said.
		At 9.10 am, the ringgit was lower against the greenback at 3.6760/6790 as compared to 3.6740/6770 last Friday.
		The ringgit had appreciated by almost three percent against the US dollar since early this year.
	www.bernama.com /bernama/v3/news_lite.php?id=221688 (276 words)

	BizNews DataBank : Malaysian Ringgit Rises on Peg Removal, First Gain in 7 Years
		The ringgit rose 0.6 percent to trade at 3.7775 as of 7:13 p.m.
		Malaysia fixed the ringgit at 3.8 to the dollar in 1998 after a devaluation of the Thai baht in July 1997 sparked a slump in the currencies of Southeast Asian nations.
		The ringgit peg stayed even as most of the other capital control measures, including a 30 percent levy on investment gains, were lifted between 1999 and 2003.
	www.biznewsdb.com /english/newspage/newspage.asp?ID=50722155&file1=5&bulan=07&kw=wwqq (1091 words)

	THE RINGGIT CRISIS: The Real Culprit At Last?
		The ringgit has since depreciated by some 34%, the stock market by about ten percentage points more, whereas growth threatens to slump to levels unheard of in nearly a decade.
		In retrospect, the 34% depreciation of the ringgit was not inevitable.
		Consequently, a self-fulfilling crisis materialised and the ringgit was finally forced to depreciate substantially in order to avoid a much larger decline in economic growth.
	members.tripod.com /~econforum/crisis/1.html (2514 words)

	The Standard - Ringgit rush sparks tax fears - Markets Section
		Tan reckons the ringgit is 15 percent undervalued compared with rival Asian currencies.
		To avoid exposure to potential ringgit measures, JPMorgan suggests investors buy the Singapore dollar as a proxy for the Malaysia currency since 17 percent of the Singapore currency's trade-weighted exchange rate is determined by Malaysian trade.
		JPMorgan said that as ringgit non-deliverable forward markets lack liquidity, Malaysian stocks could turn volatile after a yuan revaluation, while Malaysian short-term bonds offer negative returns for US investors after this month's rise in key Federal Reserve rates, and are vulnerable to rising inflation risks, Le Mesurier said.
	www.thestandard.com.hk /stdn/std/Markets/GE13Ag04.html (825 words)

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