Ringgit Hits 3.96 Against Dollar

For the first time since 2018, Malaysia’s ringgit closed at 3.96 per US dollar, extending the rally that began last week. The modest gain reflects steadier global risk sentiment and a firmer domestic outlook, with the central bank signalling patience on rate cuts while external pressures ease. Investors have welcomed the easing of US interest‑rate worries and a softer oil price backdrop, which together have lifted sentiment toward emerging‑market currencies.

If you travel abroad, shop online or hold savings in foreign currency, a stronger ringgit means your Malaysian ringgit stretches further, reducing the cost of imports and overseas expenses for you.

A firmer ringgit can lower inflation pressure by cheapening imported goods, support consumer purchasing power and boost confidence among businesses planning overseas trade, making the local economy more resilient to global shocks.