Photographer: Sanjit Das/Bloomberg

Oil Recovery Driving the Ringgit's Wild Ride to Top Asia: Chart

Malaysia’s ringgit has rallied 7.4 percent this year in Asia’s best performance. It strengthened beyond 4 versus the dollar this week for the first time since August and has climbed 1.5 percent in two days to 3.9960. Analysts have become less bearish and now see the currency weakening to 4.29 by the end of June, compared with 4.35 at the start of the year. Macquarie Bank Ltd. and Standard Chartered Plc are bullish, with forecasts of 3.90 in the next few months.

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