In May, the dream started, and the ringgit hit a new high of more than a month against the US dollar

Entering May, the ringgit exchange rate trend was strong and recorded a record of three consecutive gains against the US dollar.

The cumulative increase of RM4.78% against the US dollar from RM4.77 on April 30 is currently high at RM4.733 in early trading. This is the highest level since April 1 (RM4.722) of this year.

As the Federal Reserve maintained interest rates and temporarily eliminated market instability, the exchange rate of the ringgit against the US dollar became more stable.

As of 12:00 noon, the increase of RM4.7395 against the US dollar had narrowed slightly. It was tentatively reported at RM4.7395, up 0.29%.

In contrast, there was almost no significant change between RM3.500 against SGD at 12 noon.