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Friday, June 21, 2013

EP appreciation


For Malaysia players, entry rate @ RM3.2 and exit @ RM2.95 against 1 USD in Finnciti trading. This rate is based on 3.07 +- 4% to derive its entry and exit rate. Lately US dollar stands strong against RM, i predict EP exchange rate will be revised soon. So, don't rush to sell the EP.

The ringgit opened sharply lower against the US dollar in early trade as the greenback strengthened following the announcement by Federal Reserve Chairman Ben Bernanke that the US may consider winding down its stimulus plans on signs of recovery in the US economy.

The last revision on "Ringgit Malaysia vs US dollar" exchange was on 21 oct 2012.

The forecast for the ringgit for third quarter is 3.20 per US dollar and 3.15 at year-end.
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