Kuala Lumpur, 13 November 2026 – The Malaysian ringgit weakened against the United States dollar at the opening on 13 November, even as it strengthened against the euro, British pound and Japanese yen. At 8am Malaysia time, the dollar was quoted at RM4.0780 to RM4.0840, compared with RM4.0765 to RM4.0805 at Thursday’s close. Investors were weighing the possibility of tighter US monetary policy ahead of the Federal Reserve’s December meeting. No new rate decision had been announced.
For Malaysian businesses, the direction depends on the currency in which they pay suppliers, receive revenue or borrow. Friday’s quote meant a higher ringgit cost for an unhedged dollar invoice at the corresponding ends of the range. The same move did not make euro- or sterling-priced invoices more expensive. For Asian investors comparing local assets, the split is a reminder that a currency can weaken against the dollar without weakening against every major trading partner.
Unlock the Full Article
This article is exclusive to The Ledger Asia Subsribers / PAID members.
Already have an account? Log in here