BusinessPhoto: Mint MarketsMalaysian Exporters Boost Ringgit Through Dollar Conversions
Malaysian exporters are increasing conversions of foreign-currency earnings into the ringgit, strengthening the local currency. Foreign-currency deposits dropped 8.6% to 308 billion ringgit in August, the largest monthly decline since 2010. Analysts expect continued corporate conversions and foreign direct investment inflows to lift the ringgit to 3.90 per dollar by June 2027 from around 4.08 currently.
Mint Markets·


