Your Dream Malaysia Vacation Just Got Cheaper With Ringgit Near 26-Year Low
- Nation is one of Asia’s most affordable, travel agents say
- Most analysts see a stronger ringgit by the end of 2024
Against the US dollar, the ringgit has fallen more than 4% this year, adding to losses from the previous three years.
Photographer: Mohd Rasfan/AFP/Getty Images
From the bustle of Kuala Lumpur, to island hopping, to elephant spotting, Malaysia’s varied attractions now have added appeal thanks to the weak ringgit boosting tourists’ spending power. The currency recently briefly slipped past 4.8 against the dollar — a level it last visited 26 years ago during the Asian financial crisis.
While Singaporeans are already piling across the border, keen to make the most of of their dollar’s unprecedented strength against the ringgit, travelers from further afield are increasingly seeking out Malaysia’s numerous gems. Agency Intrepid Travel says it’s seen a 15% increase in bookings to the nation this year compared to the same time in 2023.