MYR Market Update
13 Mar 2026 • 00:24 GMT
The Malaysian ringgit is trading stronger against the US dollar, currently around 0.2547, which is about 1.6% above its 3-month average of 0.2507. This recent appreciation reflects Malaysia's resilient economic fundamentals, including a steady current account surplus and investor optimism, especially with the ringgit reaching levels not seen since May 2018. Despite heightened geopolitical tensions in the Middle East, which have supported safe-haven flows into the USD, Malaysia’s stable macro outlook and strong oil prices continue to underpin the ringgit’s strength.
Meanwhile, against the euro, the MYR has pushed to its 90-day high at approximately 0.2212, outpacing its average of 0.2135 by around 3.6%. This indicates continued foreign investor interest in Malaysian assets, buoyed by optimism around the country’s prospects in the AI sector and ongoing investment flows.
The ringgit remains resilient amid global uncertainties, supported by steady export demand, stable global commodity prices, and cautious monetary policy from Bank Negara Malaysia, which is expected to hold rates steady at 2.75% for now. Overall, the MYR's strength amidst external risks underscores Malaysia's macroeconomic stability and investment appeal.
