Ringgit Extends Gains Amid Trade Strength

KUALA LUMPUR, July 21, 2026 – The ringgit closed higher for the second consecutive day against the US dollar and other major currencies, supported by Malaysia’s stronger‑than‑expected trade performance and regional market resilience.

At 6 pm, the local currency strengthened to 4.0870/0910 against the greenback compared with 4.0895/0950 previously. Analysts noted that a rebound in semiconductor stocks across Asia provided additional support, creating a more positive backdrop for regional currencies. Despite the US dollar trading stronger across the G10, the ringgit held firm, reflecting steady investor sentiment.

Trade Strength

Market watchers expect the ringgit to trade with a slightly positive bias for the rest of the week, barring any significant escalation in geopolitical risks. Concerns remain over tensions in West Asia, particularly the potential impact on crude oil prices and shipping routes through the Strait of Hormuz.

Against major currencies, the ringgit appreciated versus the euro (4.6682/6727), the yen (2.5123/5148), and the British pound (5.4868/4922). It traded mixed against regional peers, easing against the Singapore dollar (3.1682/1716) and Indonesian rupiah (228.4/228.8), but advancing against the Thai baht (12.1420/1579) and Philippine peso (6.62/6.63).

The ringgit’s performance highlights cautious optimism, with global uncertainties still shaping investor sentiment.