Ringgit supported by Malaysia’s strong economic outlook and reform momentum, says BNM

Malaysia’s firm economic prospects and sustained reform momentum are expected to provide enduring support to the ringgit, while external factors will continue to drive exchange rate movements, said Bank Negara Malaysia (BNM).

Ringgit supported by Malaysia’s strong economic outlook and reform momentum, says BNM. Malaysia’s firm economic prospects and sustained reform momentum are expected to provide enduring support to the ringgit, while external factors will continue to drive exchange rate movements, said Bank Negara Malaysia (BNM). In a statement, the central bank said the ringgit strengthened against Malaysia’s major trading partners’ currencies in the first quarter of 2026 (1Q 2026), as reflected in the 1.4 per cent nominal effective exchange rate (NEER) appreciation. The local note also appreciated by 0.5 per cent against the US dollar during the quarter, despite the dollar strengthening following the onset of the West Asia conflict amid risk-off sentiment. “The ringgit’s appreciation was supported by Malaysia’s strong domestic fundamentals and growth mome...