KUALA LUMPUR – The Malaysian ringgit, Asia’s best-performing currency in 2025, is nearing a four-year high as strengthening economic momentum and easing global trade tensions drive offshore investors to local debt.

Analysts expect the ringgit to strengthen past 4.1 per US dollar, potentially hitting the highest level since May 2021, as the central bank holds rates steady and the economy gains traction, according to BNY and Maybank.