Malaysia’s ringgit surge is a boon for some, a blow for others
The ringgit is on track for its best quarter since 1973, having appreciated more than 12 per cent against the US dollar, making it the best-performing emerging market currency, according to a Bloomberg report.
Trading at 4.12 ringgit to the US dollar on Wednesday afternoon, it has already surpassed economists’ expectations of closing the year at 4.43.