The US dollar-ringgit exchange rate is expected to fall below the 4.00 level in 2025, according to a revised projection by MIDF Research. The research house also predicts that the ringgit could reach RM4.03 against the greenback by the end of 2024, driven by positive economic conditions and continued interest rate cuts in the United States. Ringgit Set to Strengthen in 4Q24 MIDF Research anticipates...
BMI Country Risk & Industry Research (BMI), a unit of Fitch Solutions, has revised its end-2024 forecast for the ringgit to RM4.00 per USD, up from its previous estimate of RM4.55 per USD, reflecting the currency’s robust performance in Q3 2024. The revision comes amid narrowing yield differentials with the United States (US) and a relatively resilient growth outlook for Malaysia. Positive...
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