The exchange rate forecast for USD to MYR reflects a complex interplay of factors affecting both currencies. The US dollar (USD), while experiencing some upward pressure in recent weeks due to safe-haven demand amid global uncertainties, faced limitations in its gains as consumer sentiment indicators hinted at weakening household morale. The upcoming Federal Reserve interest rate decision is expected to further influence the dollar's dynamics, with market participants closely watching for implications on inflation and monetary policy direction.
Simultaneously, the Malaysian Ringgit (MYR) has shown resilience despite external challenges, notably the recent imposition of a 19% tariff on Malaysian exports by the U.S. Bank Negara Malaysia maintained its overnight policy rate at 2.75% after a recent cut aimed at addressing growth risks. Analysts are optimistic about the MYR's potential strength, forecasting a range between RM4.10 to RM4.15 against the USD by December 2025. This anticipated appreciation is linked to expected fiscal reforms and a recovering economic outlook.
Current trading data indicates that USD to MYR is hovering around 60-day lows near 4.2050, slightly below its 3-month average of 4.232. The exchange rate has remained stable, fluctuating within a narrow range of 2.3% from 4.1975 to 4.2950. Furthermore, oil prices, which historically impact the MYR due to Malaysia's status as an oil exporter, are currently experiencing volatility, trading at $66.91—2.8% below their 3-month average of $68.82. Given these developments, currency analysts continue to monitor both the rate of the USD and the ongoing economic trajectory of Malaysia, providing insights for businesses and individuals engaged in international transactions.
