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Ringgit Dips to 4.0810 Against Dollar After BOJ Hike

By Markets Desk · · Updated 2026-09-21 02:40 UTC
A stack of Japanese yen banknotes resting on a wooden desk next to a Malaysian ringgit coin
Illustration: Tradingbird

The Malaysian ringgit dipped to 4.0810 against the dollar following the Bank of Japan's rate hike, opening mixed against other major and ASEAN currencies. Analysts expect the local note to remain stable today, supported by robust domestic economic growth and a strategic move to normalize monetary policy.

  • BernamaBiz reports that the ringgit opened mixed against regional peers, weakening against the Japanese yen and Singapore dollar while gaining on the Thai baht. Bank Muamalat’s chief economist suggests the currency may hold steady in a narrow range, as Malaysia’s strong GDP growth supports the decision to normalize interest rates to 3.00%.

    Source: BernamaBiz

  • The Malaysian ringgit fell against the US dollar as investors reacted to the Bank of Japan's rate decision.

    Source: The Star
Based on reporting by The Star and BernamaBiz, compiled by the Tradingbird desk.

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