MIDF expects ringgit to strengthen to RM4.23 against US dollar in 2025

KUALA LUMPUR: MIDF Amanah Investment Bank Bhd’s research arm, MIDF Research, expects the ringgit to appreciate with an average rate of RM4.23 versus the US dollar this year. In a note today, MIDF Research said that, however, the strengthening in the local note is expected to be at a more gradual pace on the back of...

Ringgit closes out 2024 as top performer among major Asian currencies

KUALA LUMPUR: The ringgit emerged as the best-performing currency in Asia in 2024, standing out among major regional peers amid a challenging global economic landscape. By the end of the year, it had appreciated over 2.73 per cent to RM4.47 against the US dollar, an impressive feat compared to the decline or stagnation of Asian currencies. As...