KUALA LUMPUR (Dec 24): The ringgit may charge towards its strongest levels in 2018 on the back of sustained foreign inflow, said Kenanga Investment Bank. “While episodic global volatility may introduce temporary swings, the combination of policy credibility, export inflows and favourable carry dynamics underpins a bullish medium-term outlook for the ringgit,” Kenanga said. The ringgit has strengthened more than 10% against the US dollar year-to-date, making it Asia’s top-performing currency in 2025. Foreign currency deposits surged to a record high of RM300.9 billion in September before easing to RM288.9 billion in October, indicating sustained exporters’ repatriation while providing an additional layer of support to the ringgit. A 10.0% reduction in foreign currency deposits could lift the ringgit by roughly 3.0% against the US dollar, according to Kenanga’s estimates.

Source: The Edge Markets December 24, 2025 00:59 UTC