Ringgit Strengthens on Weaker US Dollar and Steady Foreign Inflows

The Malaysian ringgit ended the week of November 22, 2025 stronger against the US dollar, lifted by a softer greenback and steady foreign capital inflows. As of November 21, the ringgit traded around RM4.1675 per US dollar, reflecting sustained momentum that has made it Asia’s best-performing currency this year. Economists attributed the currency’s resilience to favourable market forces, improved sovereign credit ratings, and expectations of further foreign earnings repatriation. Some analysts forecast the ringgit could approach RM4.10 by the end of the fourth quarter.

Weaker US Dollar

The currency extended its gains today, closing at 4.1460/1495 versus the greenback compared with 4.1565/1645 on the previous day. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit’s rise aligned with gains in several regional currencies, including the euro, British pound, Singapore dollar, Thai baht, and Indonesian rupiah. He noted that the stronger-than-expected US nonfarm payrolls report for September, which recorded 119,000 new jobs, appeared outdated for policy considerations, as Federal Open Market Committee members were likely to focus on current economic performance.

The ringgit also ended mostly higher against major regional units, strengthening against the Singapore dollar, Thai baht, and Indonesian rupiah as regional sentiment held firm. – Photo: Grok

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