MYR Market Update
30 Mar 2026 • 00:32 GMT
The Malaysian ringgit is currently trading near 60-day lows against the US dollar, around 0.2488, which is about 1.3% below its recent 3-month average of 0.252. This decline comes as the US dollar firmed following increased risk aversion in global markets, driven by geopolitical tensions and rising oil prices tied to Middle East conflicts. Despite this, the ringgit remains resilient overall, supported by Malaysia’s strong economic fundamentals, including a current account surplus and political stability.
Meanwhile, the ringgit is holding steady against the euro and the pound, with little change from recent levels, reflecting steady investor confidence in Malaysia’s outlook. It is also trading near two-week lows versus the Japanese yen, at approximately 39.86, influenced by the broader safe-haven environment and currency movements linked to risk sentiment.
Despite fluctuations, Malaysia's economy remains on a steady path, with expectations of moderate growth and inflation remaining low at around 1.4%. The central bank is expected to hold rates steady at 2.75% as it manages global uncertainties while supporting financial stability.
📊 Quick forecast view
🔴 Mild downside
0.2400 – 0.2490
🌍 Global risk sentiment
⚪ Range-bound
