What rate did the ringgit close at versus the US dollar?

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The ringgit closed at 3.9625/9670 against the US dollar.

The Malaysian ringgit concluded the week with an upward trend against the US dollar, reaching 3.9625/9670. This represented an improvement from its previous closing position of 3.9770/9805. The currency's strengthening was attributed to a renewed sense of risk appetite among investors.
Renewed Risk Appetite Boosted Investor Confidence

A key factor influencing the ringgit's performance was the emergence of reports suggesting a potential reopening of the Strait of Hormuz. This waterway is a critical artery for global oil transportation. The prospect of its reopening alleviated concerns regarding possible disruptions to the international supply of oil.
Impact on Crude Oil Prices and Market Sentiment

The improved sentiment regarding oil supply led to a decline in crude oil prices. Specifically, West Texas Intermediate (WTI) crude traded around US$88 per barrel, while Brent crude was priced near US$93 per barrel. This development bolstered investor confidence in the broader market.
Ringgit's Performance Against Other Major Currencies

Beyond its movement against the US dollar, the ringgit also showed gains against a range of other major international currencies. It strengthened against the British pound, moving to 5.3165/3225 from 5.3272/3319. The euro also saw the ringgit appreciate, with the exchange rate moving to 4.6127/6180 from 4.6181/6222. Furthermore, the ringgit gained ground against the Japanese yen, closing at 2.4874/4904 compared to the previous day's 2.4947/4970.

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What rate did the ringgit close at versus the US dollar?

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