The ringgit\u2019s surge to a five-year high against the US dollar is prompting Malaysians, especially travellers, to exchange the currency early, keeping money changers busy despite the usual post-festive lull.<\/p>\n
\u201cWe had expected the crowd to decline this week, but it is still at around 70 per cent,\u201d Malaysian Association of Money Services Business president Jajakhan Kader Gani said.<\/p>\n
He said the ringgit\u2019s current level of around 4.04 against the US dollar is among the strongest in recent years, reflecting a gain of about 20 per cent from previous levels near 4.80.<\/p>\n
\u201cThis is what we are seeing in the foreign exchange market now,\u201d he said.<\/p>\n
The Japanese yen, which remains at multiyear lows, continues to see the strongest demand, followed by China\u2019s yuan and Indonesian rupiah.<\/p>\n
Demand for the rupiah remains strong but interest in the Thai baht has slowed due to flooding in southern Thailand and geopolitical concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"The ringgit\u2019s surge to a five-year high against the US dollar is prompting Malaysians, especially travellers, to exchange…\n","protected":false},"author":2,"featured_media":257670,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[79,133325,179,18,133321,19,7088,133320,17,133328,133327,126708,133330,32503,133305,133329,107196,133324,133322,133323,574,2708,133326],"class_list":{"0":"post-257669","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-chinas-yuan","10":"tag-economy","11":"tag-eire","12":"tag-hari-raya-eid","13":"tag-ie","14":"tag-indonesia","15":"tag-indonesian-rupiah","16":"tag-ireland","17":"tag-jack-yap","18":"tag-jajakhan-kader-gani","19":"tag-japanese-yen","20":"tag-july-to-august-2016","21":"tag-kuala-lumpur","22":"tag-lunar-new-year","23":"tag-malaysian-association-of-money-services-business","24":"tag-malaysians","25":"tag-racheal-kaur","26":"tag-razak-osman","27":"tag-thai-baht","28":"tag-the-star","29":"tag-us-dollar","30":"tag-vietnamese-dong"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115807471760291762","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/257669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=257669"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/257669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/257670"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=257669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=257669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=257669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}