Ringgit records 2.7% overall appreciation against US$ in 2024 - Bank Negara

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KUALA LUMPUR: The ringgit recorded an overall appreciation of 2.7 per cent against the US dollar in 2024, standing out as one of the few Asian currencies to strengthen versus the greenback, said Bank Negara Malaysia (BNM).

"Across business sectors, stronger growth was recorded in the manufacturing and construction sectors,” it said.

"The higher growth in business loans was attributed to loans for investment-related purposes.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaJapanSingaporeUnited States

Topics: /Business/Business News BNM Forex Asia Ringgit Credit Growth Loans

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 13:27:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 433 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 26137761

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