Another weekday is coming to an end! Here’s an update on the stock and currency market movements.
As of October 28, 2022, when the market closed at 5pm, the Kuala Lumpur FTSE General Index (KLCI) dropped 6.78 points and closed at 1447.31 points, with 393 stocks gaining, 449 stocks losing and 410 stocks remaining unchanged.
The US dollar recovered slightly against the Malaysian dollar this week compared to last week, but the Singapore dollar continued to fall against the Malaysian dollar. The latest U.S. consumer confidence data for October was weaker than expected, which slightly impacted the momentum of the strong dollar. The Singapore Monetary Authority reiterated that the Singapore dollar will remain high until the first half of next year, and the ringgit was again under pressure against the Singapore dollar, falling to 3.37 at one point.
If you are planning to travel abroad, here are the latest exchange rates for the Malaysian and foreign currencies as of October 28.
According to the latest exchange rate from money changers in the Selangor area, the ringgit fell to 4.715 to the US dollar. Today, one US dollar can be exchanged for RM4.69, or RM4.715 to exchange for one US dollar. For the Singapore dollar, it is S$1 to S$3.325, or RM3.348 to S$1.
For the Thai baht, the exchange rate is RM12.48 for 100 baht or RM12.575 for 100 baht. For the Renminbi, the exchange rate is RM64.78 for 100 yuan or RM65.3 for 100 yuan.
For the Japanese yen and Korean won, RM32.59 can be exchanged for 1,000 yen and RM3.383 for 1,000 Korean won.
