New Straits Times on Nostr: Ringgit closes out 2024 as top performer among major Asian currencies ========== The ...
Ringgit closes out 2024 as top performer among major Asian currencies
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The ringgit appreciated over 2.73% to RM4.47 against the US dollar by the end of 2024; it was the best-performing currency in Asia amid a challenging global economy; South Korean won fell 12.42%, Japanese yen 10.02%, and Taiwan dollar 6.75%; the ringgit rebounded from RM4.80 in February to RM4.12 in September; it recorded a 39-month high at RM4.1210 on September 30; the ringgit's strength attributed to government and Bank Negara Malaysia efforts, structural reforms, and positive economic prospects; BNM encouraged repatriation of export earnings in ringgit; Malaysia removed from US currency manipulation watchlist; analysts forecast moderate strengthening of the ringgit in 2025, with CIMB Securities predicting RM4.40 and MIDF Research RM4.23 against the US dollar; OPR expected to remain at 3.00% throughout 2025.
#Ringgit #Currency #Malaysia #Economy #BankNegara #UsDollar #AsianCurrencies #2024 #FinancialAnalysis #MarketPerformance
https://www.nst.com.my/business/economy/2024/12/1155011/ringgit-closes-out-2024-top-performer-among-major-asian-currencies
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The ringgit appreciated over 2.73% to RM4.47 against the US dollar by the end of 2024; it was the best-performing currency in Asia amid a challenging global economy; South Korean won fell 12.42%, Japanese yen 10.02%, and Taiwan dollar 6.75%; the ringgit rebounded from RM4.80 in February to RM4.12 in September; it recorded a 39-month high at RM4.1210 on September 30; the ringgit's strength attributed to government and Bank Negara Malaysia efforts, structural reforms, and positive economic prospects; BNM encouraged repatriation of export earnings in ringgit; Malaysia removed from US currency manipulation watchlist; analysts forecast moderate strengthening of the ringgit in 2025, with CIMB Securities predicting RM4.40 and MIDF Research RM4.23 against the US dollar; OPR expected to remain at 3.00% throughout 2025.
#Ringgit #Currency #Malaysia #Economy #BankNegara #UsDollar #AsianCurrencies #2024 #FinancialAnalysis #MarketPerformance
https://www.nst.com.my/business/economy/2024/12/1155011/ringgit-closes-out-2024-top-performer-among-major-asian-currencies