ringgit

[ring-git]

noun

1. a paper money, cupronickel coin, and monetary unit of Malaysia, equal to 100 sen.

ringgit

/ ˈrɪŋɡɪt /

noun

1. the standard monetary unit of Malaysia, divided into 100 sen

Word History and Origins

Origin of ringgit¹

First recorded in 1965–70, ringgit is from the Malay word riŋgit literally, serrated, milled

Word History and Origins

Origin of ringgit¹

from Malay

Example Sentences

The Bursa Malaysia Derivatives contract for February delivery is 13 ringgit higher at 4,003 ringgit a ton.

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It sees support and resistance for the February futures contract at 4,000 ringgit a ton and 4,100 ringgit a ton, respectively.

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Domestically, steady bond inflows, export-earnings repatriation and a stable macro backdrop should keep the ringgit relatively firm into the year-end, they say.

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Ng sees support for CPO futures at 4,150 ringgit a ton and resistance at 4,300 ringgit a ton.

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Given the Fed’s rate cut and a stronger ringgit, Press Metal’s earnings could come under pressure, as 90% of its products are exported, he reckons.

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