The Malaysian ringgit is making a strong comeback in 2026, officially emerging as Asia’s second best-performing currency so far this year.
Malaysia’s economy is showing serious strength this year
According to the Department of Statistics Malaysia (DOSM), Malaysia’s total trade in March 2026 jumped 9.3% year-on-year, reaching RM273 billion compared to RM249.8 billion recorded last year.
The data indicate an increase in exports and imports, with exports rose 8.3% to RM148.8 billion, while imports increased 10.4% to RM124.2 billion.
According to 2025 findings, the ringgit recorded strong gains against most regional and major global currencies over the past year.
- Rose 13.5% against the Indonesian rupiah
- 10.5% against the Philippine peso
- 8.5% against the Japanese yen
- 3.8% against the Singapore dollar
- 2.9% against the British pound sterling
Malaysia’s GDP growth beats expectations
Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said Malaysia’s economy continues to demonstrate resilience, with advance estimates showing first-quarter 2026 GDP growth exceeding 5%.
He also noted that Malaysia’s latest international trade data showed nominal exports rising by 12.7% in the first quarter of 2026, up from 11% recorded in the previous quarter.
He also highlighted that foreign fund inflows into Malaysia’s capital markets have remained positive, reflecting growing confidence from international investors and stronger demand for the ringgit.
The ringgit has emerged as one of Asia’s top-performing currencies, currently ranking second only behind the Chinese yuan.
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