The ringgit traded in a range of 4.10 to 4.15 against the US dollar, supported by Malaysia's strong macroeconomic fundamentals despite expected changes in US monetary policy.
At 10:00 am, the ringgit was at 4.1300, stable against the US dollar since opening early Monday in the Asian session.
Bank Muamalat Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid explained that the ringgit was close to a four-year high, indicating an optimistic outlook from traders and investors on the Malaysian economy.
He also expected market participants to remain positive on Malaysia's prospects, with the third quarter 2025 Gross Domestic Product (GDP) recorded at 5.2%, in line with the initial estimate.
Monetary policy is expected to continue to support the ringgit's growth, with the Overnight Policy Rate (OPR) expected to remain at 2.75% until 2026.
At the opening, the ringgit was higher against a basket of major currencies.
It rose against the British pound to 5.4313/4385 from 5.4660/4713, strengthened against the euro to 4.7983/8047 from 4.8154/8200, and rose against the yen to 2.6690/6728 from 2.7192/72 last week.
The ringgit was also higher against Asean currencies.
It rose against the Singapore dollar to 3.1720/1765 from 3.2015/2048 and rose against the Indonesian rupiah to 247.1/247.5 from 250.0/250.4.
It also strengthened against the Philippine peso to 6.99/7.00 from 7.07/7.08, and rose against the Thai baht to 12.8999/9174 previously.
