THE ringgit closed at a new 13-year high against the US dollar yesterday at 2.9920/9945 from last Friday's closing of 3.0050/0064, dealers said. A dealer said demand for the ringgit was robust in line with Asian currencies on speculation that central banks in the region would raise interest rates to cool inflation.
The ringgit also rose against the Singapore dollar to 2.4254/4280 from 2.4355/4384 on Friday and also against the Japanese yen to 3.6461/6514 from 3.6652/6691 previously. The ringgit was stronger against the British pound at 4.9446/9499 from last Friday's 4.9638/9687 as well as against the euro at 4.3665/3711 from 4.3762/3821 previously.
I guess it is a good time to go travel, isnt it?
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