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Oil, AI Investment Give Ringgit Room to Strengthen as Malaysia’s External Position Improves

The Malaysian ringgit could strengthen as energy exports, resilient trade fundamentals and rising AI and semiconductor investment support the country’s external position.

By Chee Liang CFA4 min read

Kuala Lumpur, 28 September 2026 – The Malaysian ringgit could extend its recovery against the US dollar as firm energy prices, resilient trade fundamentals and rising investment linked to artificial intelligence and semiconductors strengthen the currency’s medium-term outlook.

The ringgit has been trading around RM4.07 to RM4.09 against the US dollar, with strategists increasingly pointing to Malaysia’s external surpluses and technology-investment pipeline as important sources of support even as US interest rates remain relatively high.

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Author

  • Chee Liang CFA specializes in financial advice and global economic trends, delivering clear insights to help readers navigate markets, investments, and the shifting dynamics of the world economy.