CNBC Indonesia reported that the Malaysian ringgit has emerged as Asia’s strongest currency in 2026, appreciating 2.64% against the US dollar by April 28. The yuan ranked second with a 2.23% gain.
Malaysia’s Trade Growth Fuels Ringgit Strength
Analysts attribute the ringgit’s strength to robust trade, steady economic growth, and foreign capital inflows. Malaysia’s March trade rose 9.3% year‑on‑year to RM273 billion, with exports up 8.3% and imports 10.4%.
Bank Muamalat’s Mohd Afzanizam Abdul Rashid projected GDP growth above 5% in Q1. Despite global uncertainty from the Iran conflict and rising oil prices, the ringgit strengthened against nearly all major Asian currencies.
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