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Ringgit Closes Mostly Higher as Strong Q1 GDP Data Supports Malaysia Sentiment

By Chee Liang CFA3 min read

Kuala Lumpur, 15 May 2026 – The ringgit closed mostly higher against major currencies on Friday as stronger-than-expected first-quarter economic growth reinforced confidence in Malaysia’s macroeconomic resilience.

Malaysia’s economy expanded 5.4% year-on-year in the first quarter of 2026, marginally exceeding market expectations and the earlier advance estimate of 5.3%. The stronger reading provided support to the local currency, signalling that domestic demand, investment activity and key growth sectors remained resilient despite a more uncertain global environment.

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Author

  • Chee Liang CFA

    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.