Exchange Rates
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Perodua expects to pay an average of 100 yen per dollar for parts from Japan in its 2009 financial budgeting, he said, versus 106 yen in 2008. The ringgit has gained 4.6 per cent to 3.6548 per 100 yen this year, paring a 22.9 per cent slump in 2008, according to data compiled by Bloomberg. The local currency gained 3.8 per cent against the greenback in the second quarter to 3.521, paring a 5.3 per cent loss in the first quarter. The company is assuming an average ringgit rate of 3.6 per dollar this year, compared with 3.3 in 2008, he said.
“Import costs increased by 12 to 15 per cent, depending on the car model, in the first quarter,” Syed Abdull Hafiz said.
Perodua, started in 1994, produces compact cars based on Toyota’s models such as the Mira and Passo. The manufacturer is 25 per cent-owned by Daihatsu Motor Co, a unit of the Toyota-city,
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