Ringgit Falls to 25-Year Low, the Worst Performer in Asia After Yen This Year
10/19/2023 08:00
The Malaysian ringgit fell to its lowest level since the Asian Financial Crisis as the currency was weighed by the dollar’s rise and a widening rate differential with the US.
The Malaysian ringgit fell to its lowest level since the Asian Financial Crisis as the currency was weighed by the dollar’s rise and a widening rate differential with the US.
The currency dropped by 0.3% to 4.7635 per dollar, the weakest since 1998. It’s the worst performer in Asia this year after the yen.