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MYR

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
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  • Previous Close
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  • 52 Week Change
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  • Day Range
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  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
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  • EPS
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  • Beta
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About

MYR.FOREX refers to foreign exchange transactions involving the Malaysian Ringgit (MYR). It represents the market where the MYR is bought and sold against other currencies, such as the US Dollar (USD), Euro (EUR), or Japanese Yen (JPY). Trading MYR.FOREX involves speculating on the future exchange rate between the MYR and another currency with the aim of profiting from fluctuations in the rate. These transactions are typically conducted by individuals, corporations, and financial institutions seeking to hedge currency risk, diversify investments, or profit from exchange rate movements.
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Factors

Economic Indicators: Malaysia's GDP, inflation, and unemployment rates influence MYR's value.

Interest Rates: Higher rates attract foreign investment, strengthening MYR.

Political Stability: Political uncertainty weakens investor confidence and MYR.

Commodity Prices: Malaysia's palm oil and petroleum exports impact MYR.

Global Market Sentiment: Risk aversion strengthens safe-haven currencies, weakening MYR.

Central Bank Intervention: Bank Negara Malaysia's actions affect MYR's exchange rate.

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