Malaysian Deputy Finance Minister predicts ringgit to appreciate against USD in Q4 2024 due to economic and investment improvements.
Malaysian Deputy Finance Minister Lim Hui Ying predicts the ringgit will appreciate against the US dollar in Q4 2024, due to improving economic and investment trends. The ringgit strengthened by 1.4% against the US dollar since February 26, 2024, making it the only regional currency to do so. Foreign investment in Malaysia has risen by 13% year-on-year in Q1 2024, and the government expects this trend to continue.
June 26, 2024
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