The Malaysian Ringgit has emerged as Asia’s strongest-performing currency in 2025, appreciating nearly 8% against the US dollar since January. On November 13, it traded at RM4.13 per USD, its highest level in four years.
Ringgit Tops in Asia
Analysts at DBS Bank caution that the rally may be unsustainable, with further gains dependent on the US Dollar Index (DXY) falling below 99.5. They warn of a possible correction due to the pace of appreciation.
Bank Negara Malaysia, meanwhile, kept interest rates unchanged, citing robust economic growth of 5.2% in Q3 and inflation below 2%, underscoring confidence in Malaysia’s economic stability.
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