Currency exchange rates as of 21 October
The business day is about to finish. Here, we give you the most recent stock market and foreign exchange market developments.
The Kuala Lumpur FTSE Composite Index (KLCI) increased 8.70 points as of the 5pm break on October 21, 2022, and finished at 1116.42 points, with 400 stocks rising, 388 stocks declining, and 382 stocks staying unchanged.
The likelihood that the Fed will keep raising interest rates sharply has increased. Everyone anticipates that in November and December, the Fed will continue to raise interest rates significantly. The ringgit has been trading at its lowest level in 24 years against the US dollar.The ringgit again hit new lows versus the Singapore dollar this week as a result of the Monetary Authority of Singapore’s tightening of monetary policy.
The most recent ringgit to foreign currency exchange rate as of October 21 is provided here in case you are planning a trip overseas.
