Ringgit

BT EXPLAINS

What’s behind the Singdollar’s strength amid the Iran war – and how long will it last?

The currency has emerged as a beacon of regional stability, shielding against geopolitical volatility

The currency has rallied after sliding 4% in March as the Iran war sapped global risk sentiment.

Malaysian ringgit set to test new high for 2026, strategists say

Gains have been supported by strong exports and a surge in investment tied to Malaysia’s fast-growing data centre industry

The Singaporean dollar-ringgit pair has significance because the countries share close trade ties, and the land border between them is one of the busiest crossings in the world.

Ringgit hits strongest level versus Singapore dollar since 2021

Malaysia’s currency has also been boosted by foreign direct investment related to AI

The Malaysian ringgit strengthened to 3.087 against the Singapore dollar on Mar 11,  nearly 13.5% higher from its February 2024 trough of 3.568.

Ringgit’s rebound tests Malaysian exporters as Singdollar remains resilient

Businesses say the strengthening ringgit is starting to squeeze exporters’ margins, though SME importers get cost relief

The ringgit, the top performing currency across Asia in the past 12 months, will stay resilient as the economy remains strong, Malaysia's second finance minister Amir Hamzah Azizan said.

Malaysia to hold off on growth upgrade on Middle East risks

Its central bank warned that “downside risks have risen”

The ringgit has strengthened to record highs against the US dollar and Singdollar in recent months.

Singdollar appreciated at average rate of 1.3% against ringgit over 2020 to 2025: Alvin Tan

Measures to support local businesses, given the impending RTS Link, will be announced later

The increasing flow of foreign money illustrates a comeback for Malaysia after years of relative underperformance compared to its peers.

Global investors betting on ‘rising star’ Malaysia as foreign cash piles in

Investors bet on AI-led data centre boom, stocks at 7-year high

The ringgit's rally is being driven by a range of structural factors beyond the dollar’s broad weakness, such as rising investment flows and the country’s growth momentum.

Malaysia sees further upside for ringgit, 2026 growth forecast

The ringgit has risen 3% this year after gaining around 10% in 2025

The Singdollar remains a bastion of stability, but the currencies around it are on the move.

How strong is the Singdollar? These charts show how it is performing against regional currencies

These seven charts track the Singapore dollar against key currencies over the last six months

The central bank says while it will continue to ensure “orderly conditions” in the foreign exchange market, “the ringgit is market-determined.”

Malaysian Central Bank rejects using ringgit to help exports

It says strong growth and ongoing reforms provide support for the ringgit