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Malaysian Ringgit MYR


Detailed information and fundamental factors

Central Bank: Central Bank of Malaysia

Interest Rate: 1.75%

Public Debt to GDP Ratio, 2020: 67.6%

Trade Balance, 2019: $25.1 bln.

Inflation, 2019: 0.7%

Sovereign Credit Ratings:


Supporting Factors

High-yielding interest rates


Fast-growing strong economy

The Malaysian ringgit is the currency of Malaysia. It was previously called “Malaysian dollar” and was introduced in 1967. The currency was pegged to the US dollar, but Malaysia ended the dollar-peg after China had made the same move.

Malaysian Ringgit News Archive

Malaysian Ringgit Gains After Positive Surprise from Economic Growth

The Malaysian ringgit gained today after Malaysia’s economy surprised experts, growing more than expected despite negative fundamentals. Economists remained largely pessimistic, though, arguing that the economy will likely not be able to maintain the impressive performance.

Malaysian Ringgit Gains vs. US Dollar on Improving Economic Outlook

The Malaysian ringgit gained on the US dollar today thanks to the upgraded outlook for the nation’s economic growth.

Malaysian Ringgit Recovers After Touching Four-Month Low

The Malaysian ringgit touched the lowest level in four months today but has managed to recover by now.

Malaysian Ringgit Falls After Election

The Malaysian ringgit fell against the US dollar today after the surprise outcome of the country’s general election.

Malaysian Ringgit Gains Following Oil Production Cuts Extension

The Malaysian ringgit logged gains today following the announcement of an oil production cuts extension from the members of the Organization of Petroleum Exporting Countries and some non-OPEC producers, including Russia.

Ringgit Falls vs. Dollar Despite Favorable Market Sentiment

The Malaysian ringgit fell against the US dollar together with most other Asian currencies (with the exception of the Taiwan dollar) even though the market sentiment was favorable to riskier assets.

Malaysian Policy Makers Fail to Prevent Ringgit Sell-Off

The Malaysian ringgit slipped against the US dollar today as efforts of Malaysian policy makers to limit currency speculation failed to prevent a downfall of the ringgit.

Ringgit Higher After Malaysian Central Bank Decreases SRR

The Malaysian ringgit gained against the US dollar today after the nation’s central bank kept interest rates steady and decreased its reserve requirements ratio.

Malaysian Ringgit Suffers from Risk-Negative Sentiment on FX Market

The Malaysian ringgit fell against the US dollar today as concerns about the slowing global growth drove Forex market participants away from risk-geared currencies.

Malaysian Ringgit Leads Drop of Asian Currencies

There have been plenty of reasons for the riskier Asian currencies to drop including concerns about the eurozone and Greece in particular, the rally of the US dollar and the decline of Asian bonds. The Malaysian ringgit has led the drop.