Malaysian Ringgit (MYR)

The ringgit fell 5.8% against the dollar in October, its biggest monthly drop in about eight years.

The ringgit is down more than 6% against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015. The ringgit traded at 4.39 per US dollar on Wednesday.

BMI Research forecasts the ringgit to strengthen and reach RM3.55 against the greenback by the end of 2025.

The ringgit has risen more than 12% against the US dollar so far this quarter.

Foreign investors poured 5.5 billion ringgit ($1.63 billion) into Malaysian bonds in July.

The Singaporean dollar rose as high as 3.4826 versus the ringgit on Friday, Oct 20, 2023.

Thailand is perhaps under greater risk of scrutiny by the US than Singapore or Malaysia, says the CGS-CIMB team.

(May 2): Malaysia’s stock market and currency are set for a rebound from their slump following the elections almost a year ago, said Nazir Razak, former chairman of Malaysia’s second-largest bank.

SINGAPORE (Oct 29): It does appear as though uncertainties, nerves and heightened volatility could become the new norm for financial markets globally. While specific geopolitical risks will ebb and flow, a widening trade spat between the US and China as

SINGAPORE (Oct 3): The Malaysian ringgit fell the most in a week this year, with USD rising 0.5% against it to 4.2308, the most since December 2016.