Ringgit Strengthens 0.2% as Steady Investor Inflows Lift Confidence
The ringgit strengthens by 0.2% against the US dollar, closing firmer in Kuala Lumpur as steady investor inflows continued into Malaysian bonds and shares.
It also performed better against a wide range of major global currencies. This reflects growing confidence in local demand, stable policies and attractive returns compared to other markets.
Currency Gains Reflect Malaysia’s Growing Market Resilience
Market analysts noted that even though the US Dollar Index remained strong, the ringgit showed its own strength. With no major global risk fears, investors were willing to move funds into higher-yielding currencies like Malaysia’s, rather than rushing into the US dollar for safety.
This shows the ringgit is not moving day by day with the US dollar anymore, but is being supported by strong local fundamentals and investor trust, which is good news for the economy overall.
At the close, the ringgit gained against the Japanese yen, euro and British pound. It also improved versus regional currencies including the Singapore dollar, Indonesian rupiah, Philippine peso and Thai baht, showing broad-based strength across markets.
If your business is affected by currency movements or you want expert advice on managing finances in a changing market, 3E Accounting can help. Speak with our professional team today for trusted accounting, tax and business solutions that support smarter financial decisions. 3E Accounting, we’re here for you.
