4.30 the ‘new normal’ for ringgit, economists say
KUALA LUMPUR: After being named Asia’s worst-performing currency two years in a row, volatility in the ringgit against the US dollar has stabilised somewhat this year, recovering 3.2% of lost ground year to date.
The local currency underwent a bout of volatility over the past one year against the greenback, trading at a 52-week range of 3.9327 to 4.5002.
Of late, however, the ringgit has been showing signs of stabilising at 4.30, largely influenced by a return of foreign interest to Malaysian government bonds.
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