KUALA LUMPUR: The Malaysian ringgit improved against most other currencies as the currency markets opened this morning.

The ringgit stood at 4.074 to the US dollar, moving up slightly compared with the RM4.078 price as trading closed yesterday evening.

Likewise, the ringgit strengthened against the yen to 3.7057 from 3.7093 yesterday; the British pound 5.9778 from 5.9890.

However, the ringgit eased against the Singapore dollar to 2.9638 from yesterday’s close of 2.9600; and the euro to 4.5584 from 4.5576.

To get the best foreign exchange price for your ringgit, download Merchantrade’s eForex app.

eForex provides the simplicity of being able to buy any currency via your smartphone, getting the best possible rate for it, and then collect it at your own convenience.

“eForex is an online money exchange solution. It is a flexible solution for our customers where they can exchange money at any time and on any device,” said Merchantrade Asia Sdn Bhd’s executive vice-president Sarveswaran Raja Gopal.

“The currency purchased can be collected within 180 days and the rate will remain the same as when it was booked. Once the forex transaction is booked via the app, the rate is locked, so it won’t be subject to any fluctuation.

“To facilitate the required amount of the foreign currency to be collected, we need customers to tell us when they want to pick it up and at which branch.”

There are many other positives to this app, including an alert system that sends out email and app notifications when a foreign currency rate reaches a “high” or “low” level that is pre-set by the user.