THE ringgit is expected to maintain a solid performance next week, though some profit-taking may occur following recent gains, according to Dr Mohd Afzanizam Abdul Rashid, Chief Economist at Bank Muamalat Malaysia Bhd.
“Market participants are also awaiting fresh indicators, particularly the third-quarter 2025 Gross Domestic Product data scheduled for release on November 14. We anticipate the actual result to fall within the preliminary estimate of 5.2 per cent,” he told Bernama.
Dr Mohd Afzanizam forecasts the AS$/MYR to trade between RM4.17 and RM4.19 next week.
On a weekly comparison, the ringgit strengthened against the U.S. dollar, closing at 4.1735/1775 from 4.1860/1930 previously.
It also appreciated against a basket of major currencies and ASEAN peers, rising against the British pound to 5.4660/4713 from 5.5025/5117 and against the euro to 4.8154/8200 from 4.8453/8534. The ringgit was slightly weaker against the Japanese yen at 2.7192/7220 from 2.7162/7210 last week.
The local currency also gained versus the Singapore dollar to 3.2015/2048 from 3.2185/2241, the Indonesian rupiah to 250.0/250.4 from 251.7/252.2, the Philippine peso to 7.07/7.08 from 7.12/7.14, and the Thai baht to 12.8999/9174 from 12.9429/9702. - November 8, 2025
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