As at 9.05am, the ringgit was selling at 4.0960 against the US dollar compared with the 4.0780 closing rate at 5pm on Friday.

Against other currencies, there was some mixed trading, with the Singapore dollar and the British pound pushing the ringgit down, while the Japanese Yen and Euro weakened.

The ringgit was trading at 2.9651 against the SGD, down from Friday’s close of 2.9647, and slipped against the GBP to 5.9822 from 5.9743 on Friday.

The ringgit gained ground on the yen, trading at 3.6978 to 100 yen, up from the 3.7171 price on Friday, and improving against the euro to 4.5482 from 4.5588.

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.