The ringgit continues its strong rally, hitting a multi-year high against the Singapore dollar once again!

(Kuala Lumpur, 13th) The Malaysian ringgit strengthened significantly against both the US dollar and the Singapore dollar following the release of encouraging economic data.

As of 1:40 p.m., the ringgit appreciated 0.26% against the US dollar to 3.8960, breaking the 3.90 psychological level and reaching its highest level since April 23, 2018.

Against the Singapore dollar, the ringgit also rose 0.26% to 3.08270, marking its strongest level since March 16, 2022.

Bank Negara Malaysia reported that Malaysia’s economy expanded by 6.3% in the fourth quarter of 2025, bringing full-year growth to 5.2%, exceeding the earlier forecast range of 4% to 4.8%.

Governor Abdul Rasheed Ghaffour stated that strong domestic demand and favorable export performance were the key drivers of growth.

Stronger-than-expected economic data typically boosts investor confidence, encourages capital inflows, and supports currency appreciation.