The Malaysian ringgit traded around 4.10 per USD in late June, remaining close to its lowest level since November last year, as US rate-hike expectations continued to support the greenback and weigh on emerging-market currencies. Domestic political uncertainty also rose ahead of two state elections. The ringgit has now fallen about 4% so far this month. This prompted Bank Negara Malaysia to signal it would step up measures to stabilise the currency, including efforts to attract foreign inflows and encourage state-linked firms and corporates to repatriate overseas earnings. The central bank also noted that recent outflows primarily reflected portfolio rebalancing after earlier gains in the ringgit, rather than a deterioration in Malaysia’s underlying fundamentals. The country’s economic profile is assessed to remain strong, while the onshore foreign exchange market continues to function smoothly.

The USD/MYR exchange rate rose to 4.1455 on June 24, 2026, up 0.13% from the previous session. Over the past month, the Malaysian Ringgit has weakened 4.88%, but it's up by 2.19% over the last 12 months. Historically, the USDMYR reached an all time high of 4.88 in January of 1998. Malaysian Ringgit - data, forecasts, historical chart - was last updated on June 24 of 2026.

The USD/MYR exchange rate rose to 4.1455 on June 24, 2026, up 0.13% from the previous session. Over the past month, the Malaysian Ringgit has weakened 4.88%, but it's up by 2.19% over the last 12 months. The Malaysian Ringgit is expected to trade at 4.14 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4.07 in 12 months time.



Crosses Price Day Year Date
USDMYR 4.1455 0.0052 0.13% -2.19% Jun/24
EURMYR 4.7108 -0.0015 -0.03% -4.41% Jun/24
GBPMYR 5.4668 0.00003 0.001% -5.39% Jun/24
AUDMYR 2.8611 -0.0026 -0.09% 3.79% Jun/24
NZDMYR 2.3423 -0.0044 -0.19% -8.18% Jun/24
MYRCNY 1.6405 -0.0006 -0.04% -2.85% Jun/24
MYRCHF 0.1957 0.0001 0.05% 3.13% Jun/24
MYRCAD 0.3432 -0.0001 -0.02% 6.10% Jun/24
MYRMXN 4.2417 0.0017 0.04% -5.21% Jun/24
MYRJPY 39.0228 0.0872 0.22% 14.27% Jun/23
MYRINR 22.9050 0.1143 0.50% 12.85% Jun/23
MYRBRL 1.2507 0.0077 0.62% -3.24% Jun/23
MYRRUB 18.0249 0.1320 0.74% -2.36% Jun/23
MYRKRW 370.2620 -0.4178 -0.11% 14.83% Jun/23
MYRIDR 4,312.6192 14.2362 0.33% 11.42% Jun/23
MYRARS 355.2107 2.9913 0.85% 28.88% Jun/23
MYRCZK 5.1393 0.0386 0.76% 1.88% Jun/23
MYRDKK 1.5865 0.0105 0.66% 4.71% Jun/23
MYRHUF 75.4281 1.1593 1.56% -7.83% Jun/23
 Currencies
 MYR...
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Related Last Previous Unit Reference
United States Inflation Rate 4.20 3.80 percent May 2026
Malaysia Inflation Rate 2.00 1.90 percent May 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Jun 2026
Malaysia Interest Rate 2.75 2.75 percent May 2026
United States Unemployment Rate 4.30 4.30 percent May 2026
Malaysia Unemployment Rate 3.00 2.90 percent Apr 2026

Malaysian Ringgit
The USDMYR spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the MYR. While the USDMYR spot exchange rate is quoted and exchanged in the same day, the USDMYR forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
4.15 4.14 4.88 2.43 1985 - 2026 Daily

News Stream
Malaysian Ringgit Hovers Near 7-Month Low
The Malaysian ringgit traded around 4.10 per USD in late June, remaining close to its lowest level since November last year, as US rate-hike expectations continued to support the greenback and weigh on emerging-market currencies. Domestic political uncertainty also rose ahead of two state elections. The ringgit has now fallen about 4% so far this month. This prompted Bank Negara Malaysia to signal it would step up measures to stabilise the currency, including efforts to attract foreign inflows and encourage state-linked firms and corporates to repatriate overseas earnings. The central bank also noted that recent outflows primarily reflected portfolio rebalancing after earlier gains in the ringgit, rather than a deterioration in Malaysia’s underlying fundamentals. The country’s economic profile is assessed to remain strong, while the onshore foreign exchange market continues to function smoothly.
2026-06-24
Ringgit Recovers from 2-Month Lows
The Malaysian ringgit rose more than 1% to around 3.98 per USD, recovering from two-month lows as global risk sentiment improved and the US dollar broadly weakened after US President Trump decided to delay a potential strike on Iran by two weeks. The move followed a US–Iran agreement to pause hostilities, with Washington agreeing to refrain from military action in exchange for Tehran’s commitment to restore safe maritime flows through the Strait of Hormuz, a key global oil shipping route. The conflict, which erupted in late February, has escalated into a broader regional confrontation, unsettling global markets and driving up oil prices. However, the impact on the ringgit was cushioned by Malaysia’s status as a net energy exporter, alongside steady inflows into manufacturing and data-centre investments. Bank Negara Malaysia’s steady policy stance also added support, reinforcing a growth-supportive outlook amid contained inflation and resilient domestic economic momentum.
2026-04-08
Ringgit Strengthens to Highest Since 2018
The Malaysian ringgit strengthened to around 3.97 per dollar, hitting its highest level since June 2018, driven by optimism over the country’s role in the artificial intelligence supply chain and a solid growth outlook. Malaysia’s economic momentum is expected to remain firm this year, supported by resilient domestic demand and robust tourism prospects. Rising tech exports and the rapid expansion of the data-center sector are also attracting fresh foreign investment, reinforcing the country’s medium-term prospects. Meanwhile, expectations that Bank Negara Malaysia will keep rates unchanged for an extended period, alongside anticipated Federal Reserve easing, may narrow the US–Malaysia rate gap and further support the ringgit’s outperformance against regional peers. The currency has already exceeded analysts’ first-quarter projections, making it Asia’s top-performing currency so far in January.
2026-01-26