Malaysian Ringgit Rises to 13-Month High on Rate, Growth Outlook

The Malaysian ringgit advanced to the strongest level in 13 months, putting it on track to outperform Asian peers for a second year.

The currency rose as much as 0.3% to 4.1720 on Friday, the highest since October 2024, on fading expectations for a central bank interest-rate cut and by renewed optimism over growth. It has rallied over 7% this year, catapulting it to the top rankings in the region.