This was reportedly due to the renewed buying interest for the local currency.

As at 9.05am, the ringgit traded at 4.1080 against the US dollar, up from the 4.1150 at closing yesterday.

Comparatively, there was a very slight increase against the Singapore dollar, with the ringgit going at 2.9775 from 2.9784 in yesterday’s close.

It was similar for the euro – with the ringgit moving up to 4.5804 from 4.5812.

The yen remained unchanged overnight with 100 yen getting you RM3.7022.

Only the British pound made a slight dent on the Malaysian currency, going up to 6.0264 from 6.0050.

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.